Business articles


Elon Musk agrees to step down as Tesla Chairman

New York: Coming under pressure from his lawyers and investors of Tesla, tech billionaire Elon Musk has agreed to step down as chairman of the company for three years and pay a $20 million fine in a deal with the US stock market regulatory authority, Securities and Exchange Commission (SEC), to resolve securities fraud charges. The

Wipro techies run in 125 cities across 34 countries

Bengaluru: Thousands of techies of Indian software major Wipro ran in a marathon it conducted on Sunday in 125 cities across 34 countries the world over to uphold its core values. “Thousands of our employees, their families and friends, alumni, customers, partners and suppliers participated in the ‘Spirit of Wipro’ the world over,” said the city-based

Trade should be propeller of peace: Jack Ma

Hangzhou: Alibaba chairman Jack Ma said efforts should be made to promote the healthy development of China-US trade even though it is hard to fulfill his previous promise of creating 1 million jobs for the United States under current circumstances. In an exclusive interview with Xinhua on Tuesday, Ma said his promise was based on friendly

ITU releases guide for cybersecurity strategy guide

Durban: A national cybersecurity strategy guide was released on Tuesday on the sidelines of the International Telecommunication Union (ITU) Telecom World 2018 in Durban, South Africa. Released by the ITU, UN, private sector, academia, civil society, the guide is meant to assist countries in the development and implementation of national cybersecurity strategies, including cyber-preparedness and resilience,

Google turns 20, to keep building products for everyone

San Francisco: Google that came into existence 20 years back with its first product Search engine from a garage today has seven products that are used by more than a billion people every month. The exact date of the company’s founding is up for debate — even for those who are in the business of providing

Apple to repair defective iPhone 8 logic boards for free

San Francisco: Apple has launched a free repair programme for iPhone 8 handsets that were sold between September 2017 and March 2018 with a manufacturing defect in the “logic board” which has been causing unexpected restarts, frozen screens and issues with the device turning on. The “logic board” is the main circuit board consisting of the

Australia bans Huawei from selling 5G tech

Beijing: Chinese tech company Huawei said on Thursday that the Australian government has blocked it from providing 5G technology for the country’s wireless networks. Huawei, one of the world’s biggest makers of smartphones and telecommunications equipment, said that the government had informed it of the decision, reports CNN. “This is an extremely disappointing result for consumers.


With record $53.3 bn revenue, Apple eyes $1-trillion mark

San Francisco: Despite slow iPhone sales, Apple is racing ahead to become the world’s first trillion-dollar company as it posted revenue of $53.3 billion in its fiscal third quarter — an increase of 17 per cent from the year-ago quarter. International sales accounted for 60 per cent of the quarter’s revenue, the Cupertino-based giant said in


US may soon allow laptops, liquids in carry-on bags

Washington: Passengers might be allowed to keep liquids and laptops in their carry-on bags at airport security checkpoints in the US if screening technology being tested at select airports is widely adopted. The Transportation Security Administration (TSA) announced plans on Monday to test computed tomography (CT) scanners for carry-on bags, with up to 40 units expected