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Samsung Merging its Mobile and Consumer Electronics Divisions

Leading technology company Samsung Electronics Co Ltd (KRX: 005930) announced that it will be merging its mobile and consumer electronics divisions in efforts to simplify its structure and focus on expanding its logic chip business. This comes as the biggest reshuffle and restructuring by the South Korea based company since 2017 additionally, the company also […]

Alibaba Appoints New CFO in Top Managerial Shake Up

Leading Chinese online retailer Alibaba Group Holding Ltd (BABA) announced that it will be restructuring the top management of its domestic and international e-commerce business, among the changes include naming a new chief financial officer. The company has named Toby Xu, as its new CFO and he will be the office staring April next year. […]

Russia Sues Meta and Google for Annual Turnover Fines

Russia’s communications regulator, Roskomnadzor, has files ac court case against U.S based tech companies Alphabet Inc. (GOOGL) and Facebook Inc. (FB) which recently rebranded to Meta. According to the Moscow court which the case was filed, the two companies could possibly end up getting fined for their annual turnover in Russia. Back in October, the […]

Ride-Hailing Firm Ola to go Public in the First Half of 2022

India based ride- hailing company Ola announced that it’s planning to have its initial public offering (IPO) on the first half of next year. During this revelation, the company’s chief executive, Bhavish Aggarwal, said that although Indian start-ups have been developing cold feet of going public due to recent volatility and lackluster, that doesn’t bother […]

Google to Ban Political Ads in Philippine Come Presidential Election Time

Leading search engine Google has said that it will be banning political advertisements from its platform in Philippine during the electioneering period next year when the country will be voting for a new President. Come May next year, Philippine will be going to the ballot to choose a new leader, it’s at this time that […]

HashiCorp Seeking a $13 Billion Valuation Following its United States IPO

Software company providing open-source tools and commercial products to enable developers connect and run cloud-computing infrastructure HashiCorp says that it is aiming a $13 billion market valuation following its upcoming U.S initial public offering (IPO). The company is seeking to capitalize on the high number of investors interested in putting their investments behind software enterprise […]

Nissan Sets Aside $17.6 Billion For Vehicle Electrification

Japan based third largest automobile manufacturer Nissan Motor Corp. (TYO: 7201) says that it has set aside $17.6 billion (2 trillion yen) which it will be using on vehicle electrification over the next five years. The company further says that it aims at launching 23 electrified vehicles by 2030. The company will be undertaking this […]

Volkswagen Poaches Apple’s Head of Global Battery Development

Leading German automotive manufacturer Volkswagen AG (ETR: VOW3) has poached Apple Inc.’s (AAPL) head of global battery development, Ahn Soonho, to the automotive maker where he will be heading the company’s development of electric vehicle batteries. This switch seems to be a recent pattern taking shape since this marks the second senior executive leaving the […]

Verizon and AT&T Agree to Adopt New Measures Addressing 5G Air Safety Concerns

U.S based telecommunications company Verizon Communications Inc. (VZ) and largest provider of mobile telephone services in U.S AT&T Inc. (T) said they have agreed to adopt new precautionary measures to address increasing air safety concerns for the use of C-Band spectrum for 5G wireless. The aviation industry together with the Federal Aviation Administration (FAA) have […]

China Irked by United States Inviting Taiwan to Democracy Summit

The government of China has been annoyed by the move from the government of United States inviting Taiwan to a Summit for Democracy slated for December 9 and December 10. President’s Biden administration published a list of invited countries this week. The list did not sit well with Chinese government because they count Taiwan as […]