South Korean tech giant LG Electronics has decided to reorganize its mobile phone business unit and is set to increase the role of outsourcing for manufacturing of its mid-end smartphones, the company said on Monday. According to analysts, this step by the company is strategy by it to bring down...

A campaign that claims the e-commerce and tech giant Amazon has "dodged and dismissed … debts to workers, societies, and the planet," has found support from more than 400 lawmakers from 34 countries, the organizers of the campaign said. The lawmakers have signed a letter supporting the campaign...

A tussle in currently on-going between the South Korean battery makers LG Chem and SK Innovation over the issue of whether the United States International Trade Commission (ITC) should take into consideration a recent recall of electric vehicles in relation to a case of trade secret theft.  ...

The digital business of the Walmart Inc-controlled Indian e-commerce firm Flipkart will be partially spun off, the company said on Thursday. Its digital payment app PhonePe will be spun off to broaden the businesses access to the capital markets for faster growth of the platform.   The...

Alphabet Inc's Google has been accused by the National Labor Relations Board of the United States of unlawfully monitoring and questioning several workers and then they were fired by the company for raising their voice against the policies of the company and trying to create a workers’ union at the...

A blacklist comprising of alleged Chinese military companies will soon have China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC, claimed a report published by the news agency Reuters.    The administration of the United States president Donald Trump is poised to...

Negotiations between the German firm Siltronic and the third-largest maker of semiconductor wafers of the world GlobalWafers of Taiwan are at an advanced stage for the acquisition of the German firm by the Taiwanese firm, GlobalWafers confirmed on Monday. The Taiwanese company said that the deal is...

Japanese airlines ANA Holdings has decided to continue to purchase the wide bodied 787 planes from Boeing according to its pre-pandemic orders for the planes to the company even while deliveries of such planes are being deferred and delayed by many other airlines across the world in order to...

Facebook is getting all ready to launch its crypto currency Libra as soon as January next year, according to a report published in the Financial Times on Friday based on unidentified sources who are directly associated with the project.   One of the sources in the news report was quoted by...

In the opioid crisis case in the United States, Purdue Pharma LP pleaded guilty to criminal charges related to its efforts in handling of its addictive prescription painkiller OxyContin. This acceptance of guilt brought to an end investigation into the drug maker’s role in the crisis and a deal...

Data from Pfizer/BioNTech about its recently concluded clinical trials for its Covid-19 vaccine us being reviewed by the Medicines and Healthcare products Regulatory Agency’s (MHRA) of the United Kingdom, the government said, which will be used for determining whether the vaccine candidate is able...