Q4 Earnings Fell Down Due to Weaker Demand in China, Says Samsung

Q4 Earnings Fell Down Due to Weaker Demand in China, Says Samsung

Just after a few days Apple’s announcement that its profits have gone down drastically, Samsung has the same kind of announcement to make. Samsung Electronics has said that both revenue and operating profit have faced a decline in the past quarter, due to the weakening demand from China. According to the company, it has observed […]

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Carlos Ghosn Defends Himself After 7 Weeks of Detention

Carlos Ghosn Defends Himself After 7 Weeks of Detention

After spending seven long weeks in a Japanese jail, Carlos Ghosn has finally spoken. As his son had reported to a French newspaper earlier, Carlos Ghosn vigorously defended himself when he was presented at Tokyo District Court on Tuesday. He has maintained that he has been falsely accused and that he is innocent in the […]

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Bristol-Myers Squibb Will Make a Billion-Dollar Deal to Acquire Celgene

Drug maker Bristol-Myers Squibb is purchasing a cancer drug maker company Celgene in a cash and stock. The company announced the $74 billion deal on Thursday. It is one of the biggest alliance in the history of the pharmaceutical industry. Still, the agreement requires the permission of shareholders and regulators. Bristol-Myers itself is a merger […]

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Apple Made a Rare Cut to Its Sales Guidance After a Decade

Already the tensions between U.S. and China are affecting the global market and companies in it. Now Apple is one of them. On Wednesday Apple cut its revenue forecast. Tim Cook, Apple’s CEO, wrote a letter to investors to financers of the company. According to the letter, Apple is revising its direction for its first […]

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Amazon Aims to Expand Whole Foods Stores Across the U.S.

The internet retail giant aims to construct and extend Whole Foods stores across the U.S. So a new Whole Foods Market store may extend with Amazon’s exclusive two-hour delivery service. Amazon acquired the Whole Foods company for $13.7 billion in 2017. The push would make Whole Foods more popular in suburbs and other areas. Thus […]

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A 20-Year-Old Entertainer Boarded On Cruise Ship is Missing from Christmas Day

A British cruise ship entertainer, Arron Hough is missing after going overboard on Christmas Day. The rescue team has been searching throughout the night for him. Arron was working in the entertainment team on board of the “Harmony of the Seas”. According to reports, he did not show up for work on Tuesday. Whereas, footage […]

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Trump’s Government May Issue an Executive Order to Ban Huawei and ZTE from US

The US President Donald Trump is thinking about an executive order to announce a national emergency. The move could ban U.S. companies from using telecommunications equipment developed by Chinese tech giants Huawei and ZTE. The United States claims that the two companies work under the command of the Chinese government. Thus, the telecommunication equipment could […]

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FCC Charges Space Startup Company Citing Illegal Deployment of Tiny Satellites

Swarm Technologies, a space startup company, fined with $900,000 by the U.S. Federal Communications Commission. Formerly, this year, the space company launched four small satellites in Earth’s orbit without any permission. Besides, the fine is a part of an arrangement made with the Federal Communications Commission. On 20th December, US telecom controllers said it is […]

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Elon Musk Unrolls First Tunnel Made by His Boring Company

Elon Musk unveiled a tunnel under suburban Los Angeles on Tuesday. He calls that tunnel to be the first step towards slashing cars journeys throughout the world. According to the billionaire businessman tunnels offer a safe journey alternative to future congestion on the roads. With an upgraded Tesla Model X zipping through a Boring Company […]

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