US President Trump does not want to do business with China’s Huawei

Monday, 19 August 2019

US President Donald Trump on Sunday said he did not want the United States to do business with China’s Huawei even as the administration weighs whether to extend a grace period for the company.Reuters and other media outlets reported on Friday that the US Commerce Department is expected to extend a reprieve given to Huawei Technologies Co Ltd that permits the Chinese firm to buy supplies from US companies so that it can service existing customers.The “temporary general license” ...

US set to give Huawei another 90 days to buy from American suppliers

Saturday, 17 August 2019

The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service existing customers, two sources familiar with the situation said. The “temporary general license” will be extended for Huawei for 90 days, the sources said. Commerce initially allowed Huawei to purchase some American-made goods in May shortly after blacklisting the company in a move aimed at minimizing ...

Apple says it supports 2.4 mln jobs in United States

Friday, 16 August 2019

Apple Inc said on Wednesday it was either directly or indirectly responsible for 2.4 million US jobs, up 20% from the 2 million the technology company estimated in 2017. The iPhone maker said its direct workforce grew from 80,000 to 90,000 in the 2-1/2 years since its last US job estimate. But most of the estimated growth came from companies such as Broadcom Inc which make parts in the United States for Apple products and from third-party software developers making apps for Apple devices. ...

Colombia antitrust regulator fines Uber for blocking probe

Tuesday, 13 August 2019

Colombia’s antitrust regulator is fining ride-sharing app Uber $625,000 for allegedly obstructing an investigation into its operations in the country.Three executives were also fined.The action on Monday stems from a 2017 inspection of the company’s office in Bogota. Regulators were seeking information about Uber’s corporate structure, but said executives provided evasive answers and instructed employees not to cooperate.Uber said in a statement it would evaluate its legal ...

Tesla electric car catches fire after hitting a tow truck in Moscow

Sunday, 11 August 2019

A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday. Footage of the incident on state TV channel Rossiya 24 showed the car by the side of the road engulfed in flames and thick black smoke. Two small explosions occurred within a few seconds of each other. It was not possible to tell which Tesla model the car was and only the metal frame remained after the fire. Tesla Inc stood by safety claims for its Model ...

Huawei unveils own operating system to compete with Android

Friday, 9 August 2019

Chinese telecom giant Huawei unveiled its own operating system on Friday, as it faces the threat of losing access to Android systems and US sanctions.Richard Yu, the head of Huawei's consumer business, told a press conference in the southern city of Dongguan that the new system, called HarmonyOS, would “bring more harmony to the world.” 

Uber shares skid as quarterly loss soars

Friday, 9 August 2019

Uber shares tumbled on Thursday after the leading ride-share company reported its loss eclipsed Wall Street expectations in the recently ended quarter.The San Francisco company said revenue grew 14 percent to $3.2 billion but it lost $5.2 billion as compared to losing $848 million in the same period last year.Stock related compensation expenses took a huge bite out of its revenue, according to Uber, which operates ride hailing in global markets and has several related transportation ...

Samsung unveils premium-priced Galaxy Note 10

Thursday, 8 August 2019

Samsung on Wednesday unveiled a new-generation Galaxy Note large-screen handset starting at $950 and said it will work closer with Microsoft so that services function better across its array of devices.The Note 10 “phablet” which is set for release on August 23, comes in two sizes, with the larger beginning at $1,100. The price puts the model at the premium end of a cooling global smartphone market.The latest generation Note was introduced at a media event in New York by DJ Koh, head ...

Lyft sees ride-hailing price war easing, sending Uber and Lyft shares up

Thursday, 8 August 2019

Lyft Inc on Wednesday said a price war with rival Uber was easing, boosting shares of both companies and allowing Lyft to raise its outlook for the year and forecast a faster path to profitability.             Lyft said increased revenue per rider would lift both third-quarter sales and full-year revenue above Wall Street estimates. That sent Lyft shares up 5% and shares of Uber Technologies Inc up 3.8% in after-hours ...

Japan’s NEC shows ‘flying car’ hovering steadily for minute

Monday, 5 August 2019

Japanese electronics maker NEC Corp. on Monday showed a “flying car,” a large drone-like machine with four propellers that hovered steadily for about a minute.The test flight reaching 3 meters (10 feet) high was held in a gigantic cage, as a safety precaution, at an NEC facility in a Tokyo suburb. The preparations such as the repeated checks on the machine and warnings to reporters to wear helmets took up more time than the two brief demonstrations.The Japanese government is behind ...

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