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New Cars To Be Unveiled Online After Cancellation Of Geneva Auto Show Due To Virus Outbreak

After the announcement of the cancellation of the Geneva International Motor Show over fears of spreading of the deadly coronavirus, their hottest new cars are being launched online by BMW, Porsche and Bentley. The 11-day show was to begin on Thursday.   Unveiling of new products and...

Sale Rise For German Chemical Giant Bayer Last Year Despite Weed Killer Woes

Despite the legal battles over its weed killing pesticide and the resultant financial fall out of the issue right throughout 2019, Bayer AG reported a 3.5 per cent year on year growth for its adjusted group sales for the fiscal year 2019 at 43.5 billion euros or $47.6 billion.    ...

Coronavirus Fears Force Facebook To Cancel Its Annual Developer Conference

Fears over the coronavirus outbreak forced the social media giant Facebook to cancel its annual developer conference. This was announced by the company amid increasing concerns among investors over the overall economic impact of the outbreak which drove down global financial markets for the sixth...

Huawei To Set Up 5G Equipment Making Factory In France

With the aim of addressing worldwide concerns about accusations against it by the United States that its telecommunication equipment are used by Chinese authorities for spying on western countries, telecom equipment making giant Huawei is set to open its first European manufacturing unit in France,...

Apple Investor Measure Over App Takedown In China Get High Support In Annual Meeting

Apple Inc was compelled to respond to a proposal from a shareholder criticizing the company’s decision to remove its app from the Chinese market after the proposal got relatively high level of support from other shareholders during the annual general meeting of the iPhone maker on February 26, said...

Virus-Related Supply Issues Could Affect Toyota’s Production, Says The Firm

The spreading of the coronavirus outbreak to multiple countries outside of China could impact the supply chain of the company, Toyota Motor Corp said on Wednesday, which would in turn impact the operations in its factories in Japan. The auto maker predicted that the disruptions in its supply chain...

Panasonic To Divest Its Partnership With Tesla For US Solar Plant In Buffalo

The strategic partnership that the Japanese firm Panasonic had struck with the United States based electric car maker Tesla as the sole and exclusive supplier of car batteries to for the Tesla cars is nearing its end and this was evident in the decision of the Japanese firm to exit solar cell...

US Firm Deere To Partner With Tractor-Hailing Tech To Create Headway In Africa

In Africa, where farmers are able to hire a tractor with the touch of a button, United States firm Deere & Co. is partnering with the "Uber of tractors" in the continent to drive up sale for its tractors.   The ride hailing like service for tractors in Africa is offered by startup Hello...

Amazon Brings In Its Cashier-Less Tech To Its Newly Launched Larger Grocery Stores

World’s largest e-commerce company Amazon plans to expand more by introducing its cashier-less store technology to larger stores.   Amazon opened its ‘Amazon Go Grocery’, a physical store in the Seattle’s Capitol Hill which will be four times larger than the first cashier-less location that...

Google Illegally Collected School Kids' Personal Data Alleges New Mexico AG, Files Suit

Based on allegations that the educational software from Alphabet Inc’s Google search engine gathers personal data about young students without the required explicit parental consent, a law suit was filed against the company by New Mexico Attorney General Hector Balderas on Thursday.   In...

Saudi Export Ban Will Not Affect 2020 Growth, Predicts BAE Systems

The possible future impact of recent German ban on arms exports to Saudi Arabia could be offset by increased defence spending and Britain’s BAE Systems is in a good position to take advantage of it, the company said while forecasting another year of growth for 2020.   The company’s earnings...

Google’s Fitbit Acquisition Faces Regulatory Hurdle, EU Privacy Body Warns Of Privacy Risks

The proposed acquisition of the fitness trackers company Fitbit by Alphabet Inc-owned Google could face a problem after the European Data Protection Board (EDPB) issued a warning that this deal, which is worth about $2.1 billion, could pose risks to security of users. This warning adds on the...
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