The board of directors at Fiat Chrysler Automobiles announced on Saturday that its ailing chief executive officer (CEO), Sergio Marchionne would be replaced for the position by high-ranking in-house executive Mike Manley.   It has been over a month that Marchionne, 66, has not appeared in...

According to a United Kingdom government report, the country’s telecom networks have been exposed to new security risks because of technical issues and issued with the equipment supply-chain of Chinese firm Huawei. Top of Form The debate over espionage around Huawei Technologies would be further...

Audi will be forced to limit production of cars from September this year due to the Dieselgate scandal, Bayerischer Rundfunk television and radio company reports with reference to the source. Earlier it was reported that investigations were being carried out in Germany in connection with the...

SoftBank Vision Fund is going to pour almost one billion dollars in Chinese SenseTime Group Ltd., as the fund wants to get a share in the world's most expensive AI startup. This is reported by Bloomberg. The fund founded by the Japanese SoftBank Group Corp., and SenseTime haven't defined the deal’s...

Amazon is in talks to take forward its new venture into the pharmacy sector. Amazon.com is conducting its “early talks” for investing into MedPlus, an Indian Pharmacy, reported FactorDaily, a news website of India, on Tuesday, July 18, 2018.   MedPlus Health Services has more than “1,500...

Tencent is stepping up its efforts to expand the payment service WeChat Pay in the US, reports CNBC. He noted that more large players will come to the market this year. WeChat Pay allows users to display barcodes on the smartphone via the Tencent-owned WeChat messaging application. The app scans...

Major Amazon rivals come together, to boost online presence with the help of cloud technology and data expertise. Walmart has informed that the retail giant is involved into a “strategic partnership with Microsoft Corp”. The partnership will explore “wider use of cloud and artificial intelligence...

EU authorities pressurises VW to guarantee its cars performance post the Dieselgate scandal besides improving “consumer information”. Volkswagen received criticism from the “consumer authorities” of Europe, as the former failed to guarantee that the following steps to mend the “Dieselgate scandal”...

In an “aggressive” overseas expansion plans Didi and Booking Holdings enter into in an agreement enabling the users of the either services to avail the other’s services. The “Booking Holdings Inc”, a travel firm of the U.S. has invested “$500 million” on Didi Chuxing, the ridesharing app of China....