Economy

Huawei CFO Meng Wanzhou Finally Leaves Canada to China

The chief financial officer of Chinese technology company Huawei Technologies, Meng Wanzhou, left Canada to China for the first time since 2018 when she was put under house arrest following allegations from United States that she gave misleading information concerning the operations of Huawei in Iran. This happened after the United States prosecutors reached an […]

Google to Sue India’s Antitrust Regulator for Leaking Investigational Report

Alphabet Inc. (GOOGL) the parent company of leading search engine Google says that it will sue India’s antitrust regulator, the Competition Commission of India (CCI) following leakage of a confidential CCI report of an investigation conducted by the regulator on Google. Several popular newspapers had headlines reading that CCI investigation finds Google guilty of abusing […]

U.S Resumes Talks With Embattled Huawei CFO Meng Wanzhou

The United Sates Department of Justice (DOJ) has resumed talks with the embattled chief financial officer of Huawei Technologies, Meng Wanzhou and her lawyers regarding resolving criminal charges leveled against the CFO. These talks are concerning an agreement which could allow Meng Wanzhou return to China. The embattled CFO was put under arrest in Canada […]

Three EX-U.S Intelligence Officers Admit Hacking U.S Networks For the UAE

Three former United States intelligence operatives have admitted having violated U.S hacking laws and prohibitions by hacking U.S systems and selling critical and sensitive military technology information to the United Arab Emirates (UAE). The operatives include; Ryan Adams, Daniel Gericke and Marc Baier. The three were part of Raven-a clandestine unit which helped the UAE […]

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 […]

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 […]

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 […]

China Expecting to Have Sold 1.7 Million NEVs For the First Eight Months of 2021

China is looking forward to have sold 1.7 million new energy vehicles (NEVs) for the first eight months of the year. This value represents almost a three times fold considering the country only sold 600,000 NEVs for the same period last year. This was announced by China’s vice minister of Industry and Information Technology, Xin […]

Apple Slapped With an Antitrust Lawsuit in India Over its In-App Purchase System

U.S based technology company dealing in online services, consumer electronics and computer software Apple Inc. (AAPL) has been slapped with an antitrust case in India over allegedly abusing its dominance in the apps market by forcing developers to use its proprietary in-app purchase system. These allegations are similar to ones made by the European Union […]

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