Markets

Apple Set to Release Only 5G Enabled IPhones From 2022

Leading tech company and producer of consumer electronics Apple Inc. (AAPL) will now be releasing only 5G enabled IPhones starting from 2022. This information was revealed by an insider source which declined being revealed since the company is yet to make the revelation official. According to the source, Apple will also be revamping its IPhone […]

Suzuki and Daihatsu Joins Toyota’s Electric Vehicle Venture

Auto manufactures Suzuki Motor Corp. (TYO: 7269) and Daihatsu has officially joined the band wagon with fellow car manufacturer Toyota Motor Corp. (TYO: 7205) to jointly take part in a commercial electric vehicle production. This brings the numbers of automakers under this umbrella to five, the other two include Isuzu Motors Ltd. (TYO: 7202) and […]

United States and its Allies Accusing China of Increasing Global Cybercrimes

The United States and some of its allies is accusing China of having a hand in the increasing number of global cybercrimes which has been increasing rampantly in recent times. The U.S made these accusations during a global cyberespionage campaign held at the beginning of the week which was led by a group of countries […]

Zegna to Get Listed in the U.S Through a $3.2 Billion SPAC Merger Deal

Italy based luxury fashion house group Ermenegildo Zegna is looking forward to get listed on the New York Stock Exchange through a $3.3 billion merger deal with a Special Purpose Acquisition Company (SPAC). This deal will help the company expand its operations in the United States and Asia. The company’s chief executive officer, Gildo Zegna, […]

Tesla Launches Subscription Services For its Driver Assistance Software

Leading electric-vehicle manufacturer Tesla Inc. (TSLA) has launched subscription services option for its advanced driver assistance software which will be going for a monthly payment of $199 rather than paying a $10,000 upfront. This subscription service is dubbed “Full Self-Driving capability” and will be available for some Tesla customers. The company is expecting this subscription […]

Netflix Hires Former Facebook Executive to Head its Video Games Unit

Production company and streaming service provider Netflix Inc. (NFLX) has hired a former executive of social network company Facebook Inc. (FB) to head its video game unit as the company is looking into ways of diversifying its services away from streaming and production. Netflix announced having hired Mike Verdu who most recently was serving as […]

AstraZeneca-Alexion Merger Deal Given a Green Light by UK’s Regulator

The merger deal between British-Swedish pharmaceutical company AstraZeneca Plc. (LON: AZN) and United States based pharmaceutical company Alexion Pharmaceuticals Inc. (ALXN) has been given a green light to go ahead by UK’s competition watchdog. The Competition and Markets Authority says that this merger deal will reinforce AstarZeneca’s line of cancer medicines leaving the merged company […]

Google Slapped With a 500M Euros by France Over Copyright Row

Google’s Alphabet Inc. (GOOGL) has been slapped with a whopping 500 million euros fine by France’s antitrust regulator for failing to fully abide by temporary orders issued by the regulator in accordance with the country’s publishers. According to a press release by the regulator, within the next 60 days, Google must come up with proposals […]

China to Order Tencent to Surrender Music Label Exclusivity

Chinese antitrust regulator the State Administration of Market Regulation (SAMR) will be ordering multinational technology company Tencent Holdings Ltd. (HK: 0700) to surrender the rights of music labels which it has been using to compete with its smaller rivals in the industry. The regulator will also be fining the company $77,150 (500,000 yuan) for lapses […]

Tencent’s Merger With leading Videogame Streaming Sites Blocked by Antritrust Regulator

Chinese market regulator, State Administration of Market Regulation (SAMR), says thet it will be blocking a merger deal between Tencent Holding Ltd (HK: 0700) and China’s leading two videogame streaming websites namely Huya (HUYA) and Douyu. The antitrust regulator says that it will be blocking this merger deal on antitrust grounds after reviewing additional concessions […]