Apple and Samsung are to be fines €10m and €5m respectively by authorities in Italy on charges of “planned obsolescence” of their smartphones.   Following an investigation by the country’s competition authority, which was initiated in January this year, it was concluded that there was a...

A data breach of the customers of the Hong Kong-based airline Cathay Pacific has come to light. According to revelations by the airlines, personal data of up to 9.4 million passengers have been hacked. However the airline so far could not confirm any evidence of stealing of any personal information...

Tesla is now looking beyond the US market for sale of its electric cars after the company made a surprise and historic profit for the third quarter of the current year driven by increased demand for its least costly Model 3.   According to the statement from Tesla chief Elon Musk, the...

While it is best known in the United Kingdom as a global manufacturer of vacuum cleaners, Dyson is moving into the field of electric cars and this UK firm has chosen Singapore to be its hub for the manufacture of its new electric car.   It will be later this year that the foundation for the...

All of the cars that would be used through the app of the ride hailing company Uber in London would be electric cars by 2025, said the US firm on Tuesday.   This was announced by the CEO of the company Dara Khosrowshahi along with an announcement of a $260m Clean Air Plan during his visit to...

Microsoft is linking the compensation to be paid to its CEO Satya Nadella with the performance of LinkedIn which the tech company had purchased two years ago for an amount of $27 billion which is the costliest acquisition of the company so far in its history.   The amount of money that...

Facebook will now have a new global face in the form of Nick Clegg, the former deputy prime minister in the U.K. under David Cameron, who would be the new boss overseeing the communications and global policy of the largest social media platform.   The role of this new recruit in the company...

Alphabet Inc’s Google is setting a new arrangement for its licensing system after the European Union this year deemed one of its licensing mechanisms to be anti-competitive. Under the new system which has been reported in the media quoting sources, Google will up to $40 per device from those...

The intentions of the largest retailer of the world Walmart is now clear with its second acquisition of a firm that is focused on apparel – its strong intent to dug deeper into the online market for fashion. The retailer is set to acquire online lingerie retailer Bare Necessities.  ...

The largest car market in the world seems to have slowed down – and foreign car manufacturers are feeling the brunt.   There was a 43 per cent drop in sale for Ford in the Chinese market for the month of September compared to the same month a year ago, indicating the situation in the Chinese...

JPMorgan Chase & Co. reported a significant increase in its profits (24 per cent year-on-year) for the third quarter driven by a lower bill for taxes and the increased rates of interest in the United States, thanks to the US Federal Reserve for raising interest rates three times this year...