United States based electric car maker Tesla posted a loss of $702 million for the first three months of 2019, the company said in an official filing. The company had reported its first ever back-to-back profits in the last two quarters of 2018.   In a call with the media in February, Tesla...

With the aim of reducing its reliance on the memory chip market which has been volatile in recent times, an investment of $116 billion is being made by Samsung Electronics Co Ltd in the area of non-memory chips till 2030. It also wants to invest for the development of chips that are used to power...

The United Kingdom chose to ignore warnings from the United States about Chinese telecom equipment manufacturing giant Huawei which is expected to raise tensions between the two traditional partners, according to reports in the media.   According to reports, UK Prime Minister Theresa May has...

After a day it delayed the launch of its foldable phones, South Korean tech giant Samsung Electronics Co Ltd is reported to be calling back all samples of its Galaxy Fold that were sent to reviewers by the company to look into complaints of broken screens on the phones.   According to...

Following a year of stagnant growth in the number of users, one of the largest social media companies Twitter surprised analysts by reporting an increase in the average monthly user number for the first-quarter and further surprised analysts by reporting better than expected revenues.  ...

Despite being cornered in a number of western countries including the United States, there was a 39 per cent increase in the first-quarter revenue at 179.7 billion yuan ($26.81 billion) for the Chinese tech giant Huawei Technologies, the company announced on Monday.   This is the first ever...

Instead of selling goods over its e-commerce platform, e-commerce giant Amazon wants to concentrate on the profitable businesses of selling overseas goods and cloud services in China and has thus announced the closure of its online stores in the Chinese market which has the largest population in...

Despite the bad performance of the stocks of US ride hailing company Lyft Inc after its much hyped IPO, the market apparently seems to be showing some confidence in the tech IPO market because of the more than expected valuation for online scrapbook firm Pinterest Inc’s initial public offering...

According to a report from Reuters quoting sources with knowledge, iPhone maker Apple is holding negotiations with at least four companies for selecting as possible suppliers of lidar sensors in self-driving cars with the aim of judging the technology of the suppliers while still carrying on with...

A court ruling in the United Kingdom that has allowed the filing initiation of a £14bn class action lawsuit against Mastercard has raised the possibility of every adult citizen in the country getting a payout of up to £300 from the payments company.   It has been alleged that over a period...

Increase in jet fuel costs and the increasing capacity of seats in Europe were cited to be the reasons for an operating loss of 336 million euros or $380 million for the first quarter of the current year for Lufthansa. As a consequence, the shares of the company dropped on Tuesday.   The...