Dennis Mutua

South Korea Slaps Google With a $177M Fine For Blocking Android OS Customized Version

Alphabet Inc. (GOOGL) the parent company of leading search engine Google has been slapped with a 207 billion won ($176.64 million) fine by South Korea’s antitrust regulator, Korea Fair Trade Commission (KFTC) for blocking the customized version of Android Operating System which it also owns. KFTC claims that according to the contract terms between Google […]

Facebook Asked to Give Details on its Smart Glasses Initiative by Italian Regulator

Leading social media company Facebook Inc. (FB) has been asked by the Italian regulator, Garante, to give clarity concerning its newly launched smart glasses initiative so that the regulator can establish if the product is compliant with privacy laws. Facebook created the smart glasses in partnership with France based designer, manufacturers and distributor of ophthalmic […]

Epic Games Appeal in Apple Court Case Concerning Fortnite Video Game

The creator of famous video game ‘Fortnite’, Epic Games has appealed a court ruling made on its antitrust case against giant tech company Apple Inc. (AAPL). This ruling was made by a federal judge last week on Friday. According to the judge, Apple will have to loosen some measures on developers, nonetheless, the ruling favored […]

Toyota and Honda Oppose EV Tax Proposal by U.S House of Representatives

Leading Japan based auto manufacturers Toyota Motor Corp. (TYO: 7203) and Honda Motor Corp. (TYO: 7267) have come out to vehemently oppose a proposal by Democrats in the United States House of Representatives which is seeking to add an extra $4,500 tax incentive to union-made electric vehicles in the United States. The House of Representative […]

Tencent and Alibaba Asked by Chinese Authorities to Stop Blocking Each Other’s Website Links

Chinese authorities have asked leading Chinese e-commerce company Alibaba Group Ltd. (BABA) and giant technology and entertainment company Tencent Holding Ltd. (HK: 0700) to stop blocking other’s website links from their platforms. The China’s Ministry of Industry and Information made the announcement through published media, a source from the ministry has already proposed standards to […]

Spectrum Brands Selling its Hardware Division to Assa Abloy For $4.3 Billion

American home essentials company Spectrum Brands Holdings Inc. (SPB) says it has agreed to sell its hardware and home improvement division to Sweden based Assa Abloy AB (STO: ASSA) in a deal worth $4.3 billion. This deal will be an all cash one and it’s expected to be closed in the fourth quarter of the […]

WeRide Developing Self-Driving Vans

China based startup autonomous driving company WeRide says that it’s in the process to commence developing autonomous vans for urban logistic services in partnership with delivery company ZTO Express (HK: 2057) and auto manufacturer JMC (SZ: 000550). WeRide focuses on what is known as ‘level 4 autonomous standard’ in the autonomous vehicle industry. At this […]

Tesla Sold 44,264 China Made Electric Vehicles in August

Leading electric vehicle manufacturer Tesla Inc. (TSLA) sold a total of 44,264 China made vehicles in the just concluded month of March of August. Tis information was revealed by the China Passenger Car Association (CPCA). According to the data from CPCA, 31,379 of the vehicles were exported while the rest were sold locally. These sales […]

JPMorgan to Acquire Majority Stake in Payment Business of Volkswagen

United States based investment bank and financial service provider JPMorgan & Chase Co. (JPM) announced that it will be acquiring a majority stake in the payment business of leading car manufacturer Volkswagen Group AG (ETR: VOW3). Volkswagen is set to roll out the payment business later in the year as Volkswagen Payments SA. The payment […]

Roku Set to Launch Streaming Players in Germany

Manufacturer of digital media players offering access to streaming media content Roku Inc. (ROKU) announced that it will be launching streaming players in Germany before the year wraps up. This will come as the second-largest European roll out of such services by the company since the pandemic set foot. Since the pandemic began, there has […]

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