Tag Archives: About

EU launches public consultation into fears about future of internet

The European commission president, Jean-Claude Juncker, said the consultation would ‘inspire fresh ideas’ to solve society’s problems. Photograph: Emmanuel Dunand/AFP/Getty Images The EU is launching an unprecedented public consultation to find out what Europeans fear most about the future of the internet. A succession of surveys over the coming weeks will ask people for their views on everything from privacy ... Read More »

GM Joins Ford Worrying About Declining Used-Car Prices

General Motors Co. said a glut of used cars will return to market after their leases expire and drag on its finance unit this year, following similar warnings by peer Ford Motor Co. and lenders such as Ally Financial Inc. The prices of used cars in GM Financial’s leasing portfolio will decline about 7 percent this year, GM Chief Financial ... Read More »

What Amazon’s physical bookstores say about the future

Amazon pushes into brick and mortar    19 Hours Ago | 01:57 Amazon is quietly expanding its bookstore footprint — a move that could offer clues about its ambitions for other types of stores. The e-commerce giant told CNBC on Tuesday it will open another New York City bookstore location this summer at 7 West 34th St., across from Empire State ... Read More »

Nokia 6 Is Finally Available in India but There’s Nothing Official About It

Nokia’s comeback smartphone, the Nokia 6, is finally available in India. But there’s no reason for you to be happy, as the Nokia 6 in India is available via a third-party online retailer and that too with a pricey sum. HMD Global, which owns rights to the Nokia brand, has so far not announced any availability details for the Indian ... Read More »

ZTE Said to Slash About 3,000 Jobs

Chinese telecom equipment maker ZTE, which is facing US trade sanctions that could severely disrupt its supply chain, is slashing about 3,000 jobs, including a fifth of positions in its struggling handset business in China, company sources said. The sources said the Shenzhen-based company, one of the world’s biggest telecoms gear makers, is axing about 5 percent of its 60,000 ... Read More »

Apple’s Phil Schiller Talks About iPhone, Says Competition Pushes Company to Do Better

On Monday, Apple celebrated 10 years since the launch of the original iPhone, and huge expectations have been set for the anniversary model – the iPhone 8. On this occasion, the company’s Senior Vice President of World Wide Marketing, Phil Schiller, gave an interview to Backchannel where he remembered the glorious days. Here, we take a look at some interesting ... Read More »

LeEco Confirms Layoffs in India and Other Regions; Talks About Revamped Strategy

LeEco on Wednesday said it has revised its business strategy for the coming year, based on the “overall volatility and uncertainty that is forecast for the global economy.” Recently, the company admitted expanding too fast too soon, and has since been scrutinising plans. This overhaul will imply several changes across the markets in which it operates, including India, where the ... Read More »

Apple Said to Hold Talks With Government About Retail Stores in India

Apple Inc officials on Tuesday met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally. According to sources, the meeting chaired by Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek lasted for almost an hour with senior officials from Apple discussing details of the new Foreign Direct Investment ... Read More »

Samsung to Buy Harman for About $8 Billion in Cash

Samsung Electronics said Monday it would buy US auto parts maker Harman International Industries for $8 billion (roughly Rs. 54,107 crores) in a bid to enter the growing market for automotive technology to produce “connected” cars. Board members of Samsung – the world’s largest producer of smartphones – had approved the all-cash acquisition of the Connecticut-based firm for $112 a ... Read More »

Not Worried About Boardroom Battle At Tata Group: SBI

State Bank of India discounted the fear of the boardroom battle at Tata Group. Mumbai: State Bank of India, which has a large exposure to Tata Group, today discounted the fear of the boardroom battle between promoters and ousted chairman Cyrus Mistry affecting performance of the companies. “Tata Group companies have been built by professionals, so what the owners do ... Read More »