The move could potential see more voice controlled appliances hitting the market in the near future. In a development that could potential see Amazon’s virtual assistant Alexa in more devices, LG Electronics has disclosed that it is set to partner… Read More ›
Strategy
Oil freeze deal involving Iran is possible: Putin
After the lifting of the sanctions, Iran is bolstering its oil production levels, which is putting even more stress in the already overflowing global oil pool. Putin’s statement essentially underscrores the fact that since Iran is starting from a low… Read More ›
Samsung considers recalling Galaxy Note 7
Consumers have reported online that the flagship catching fire during charging. Samsung has stopped shipments while it is extensively testing the smartphone in its lab. As per a source who is familiar with the matter at hand, Samsung Electronics Co… Read More ›
Sharp looking forward to joint collaboration with Japan Display for OLED
If the collaboration bid succeeds they could quickly bridge the gap with their South Korean rivals, Samsung Display, a unit of Samsung Electronics. The Nikkei business daily has reported that Sharp is itching to collaborate with its rival, Japan Display,… Read More ›
Elon Musk purchases more than half of SolarCity’s bond offerings
Musk’s two cousin who are on SolarCity’s board have also acquired $17.5 million each of SolarCity’s $124 million bond offering. According to a filing made by Tesla Motors, Elon Musk, its CEO, is said to be purchased bonds worth $65… Read More ›
Demand for Samsung’s Galaxy Note 7 exceed supply
Samsung has stated it is boosting production to meet supply so as to reduce opportunity cost. South Korean electronics giant Samsung Electronics has disclosed that its newly launched Galaxy Note 7 is registering stronger than expected demand, causing global supply… Read More ›
Lamborghini plunges into the SUV market, plans on doubling its sales by 2019
Despite adopting the SUV platform, Lamborghini will continue to retain its sports car manufacturing brand. As its CEO says, it’s all about the emotion attached to the quality of the brand. Lamborghini Chief Executive, Stefano Domenicali, has disclosed that once… Read More ›
Most of VW’s German operations come to a grinding halt due to a shortage of parts
With VW cancelling a contract, its two suppliers CarTrim and ES Automobilguss had to suffer heavy losses running into tens of millions. They are wanting to be compensated for the same. If VW were to allow these losses to be… Read More ›
Germany’s exports to Iran touches new high in first 6 months of 2016
A surge in domestic demands and Iran’s appetite for German goods are likely to fuel further growth in Germany’s economy. After the removal of international sanctions against the Iran, Germany’s exports of equipment and machineries to the Islamic Republic has… Read More ›
Panasonic could claim a 10.74% stake in Slovenia’s Gorenje
As and when Panasonic makes its move, Gorenje’s share could see a lift-off. The operations of Gorenje, a Slovenian household appliances manufacturer, has come back to black midst potential takeover talks by Panasonic. Gorenje has reported that it has returned… Read More ›