China’s financial state remains unstable despite the reforms the government already made, as the country hosts one of the biggest economic meetings of developed countries in September.
Spotify claims that Apple is taking a very anti-competitive action through the approval process of its App Store. The music and video-streaming service's general counsel sent a letter to Apple earlier last week arguing that the tech giant is harming Spotify customers and the Swedish company itself. Spotify claims that Apple rejected Spotify's newest iPhone app update because it did not use Apple's billing system.
Spotify accused Apple of causing grave damage to their business when Apple rejected their request for an app update, in which Apple has responded that these allegations are nothing but half-truths.
China's heightened anti-smoking campaign and tax increase on cigars have pulled tobacco sales down for the first time in two decades.
Apple's first brick-and-mortar retailer Tekserve will close after almost three decades serving New York City customers in Manhattan. The service center for iPhones, iPads, and Macs will shutter on July 31, and the retail store will close its doors for the last time on August 15. Tekserve has been at its current address on 23rd Street since June 2002 and has been certified to do repairs for Apple products since 1993.
Instead of cars, automakers showed new technologies such as virtual reality (VR) and mobile Internet apps, at the 2016 Mobile World Congress Shanghai (MWCS) exhibition that opened on Thursday, June 30, the Global Times reported.
Chinese online shoppers are cashing in on the pound's biggest plunge in more than 30 years.
BMW announced on July 1, Friday that it plans to build fully autonomous vehicles (AVs) by 2021 for ride-sharing programs that would take on Uber and Lyft. The German automaker that claims to build the "ultimate driving machine" is teaming up with chipmaker Intel and advanced driver assistance systems (ADAS) company Mobileye. BMW is also taking on companies such Google and Tesla that are are racing to develop fully self-driving cars.
China’s currency has just recorded its lowest value since 2010 and the country decided to tolerate the decline in order to prevent capital outflows and criticisms from trade partners and investors.
The chairman of Fosun International Limited, Guo Guangchang, stated that his conglomerate will be focusing on tourism and health industries this year, reported China Daily.
State-owned China Mobile Communications Corp. is cashing in on the rising adoption of Internet of Things as it eyes to grow its IoT-related revenue to 100 billion yuan or $15 billion over the next four years, China Daily reported.
China proves its credibility as a business partner after a Chinese firm paved the way for better days in the United States’ “Ham King” in Smithfield, Virginia.
Google is all set to switch on the underwater fiber optic cable that connects the United States West Coast to the Mie and Chiba prefectures in Japan across the Pacific. After several months of testing, the cable will go live on June 30.
HTC Vive is spinning off its parent company following the success of its first virtual reality headset. The new subsidiary is now named HTC Vive Tech Corporation and will allow the VR division to operate independently of the Taiwanese company. Although the big move was rumored HTC confirmed the reorganization on June 29, Wednesday.
China needs to go beyond its ability to manufacture bullet trains quickly and cheaply as it enters the global arena. Many other factors carry considerable weight with the exportation of these trains.
