EHang startup has become the first Chinese company to receive permission from the country's authorities to organize unmanned air passenger traffic. How highly will American investors rate this achievement? Chinese company EHang, which plans to launch the first unmanned aerial taxi service, on Thursday October 31 notified the U.S. Securities and Exchange Commission (SEC) of its intention to place...

The US Department of Justice is conducting an investigation into the US-based Under Armor equipment and sportswear manufacturer, The Wall Street Journal reported citing sources. The department suspects the company of manipulating financial statements, according to which the company tried to seem more developed. Sources said the investigators conducted an interrogation in Baltimore, where the...

WhatsApp and its owner Facebook filed a lawsuit in California court against Israeli high-tech company NSO Group and its owner Q Cyber Technologies. The messenger accuses the Israeli company of a hacker attack against about 1.4 thousand users in order to spy on them and gain access to correspondence. WhatsApp believes that human rights defenders, lawyers and opposition figures from several...

Apple reported quarterly revenue growth by 2%; the sum amounted to $ 64 billion. Profit fell by 4% compared to last year, to $ 13.7 billion, AFP reports. Apple is getting ready to launch a new streaming TV service this week, and reports a significant revenue growth in the service segment, which includes music, digital payments and software products, as well as the accessories segment. Chief...

The Estonian Prosecutor’s Office and the Central Criminal Police are investigating the case of the Estonian branch of the Swedish bank Swedbank, Postimees newspaper writes . The case of alleged money laundering and the provision of false data to financial supervisors in 2011-2017 was opened in July, but this only became known today, the newspaper notes. According to the information available at...

Canon camera maker reported a 43% year-on-year decrease in net profit in Q3 due to a drop in sales of cameras, office printers and industrial equipment. The figure was 26.52 billion yen ($ 244.1 million) against 46.26 billion yen a year earlier. Analysts polled by FactSet forecasted the company’s net profit to average 35.67 billion yen. Canon's revenue for the reporting period decreased by...

Amazon may challenge the loss of the US Department of Defense contract for $ 10 billion to Microsoft, reports Reuters. If the company decides to act, then this will happen next week. A source told the agency that it was considering options to challenge the Pentagon’s decision. Amazon did not comment on its next steps. Experts said that the company has two main options. It may apply to the...

A growing movement against consumption could turn into serious social problems, says Head of H&M. According to him, concern for the environment should not interfere with other global issues, especially the fight against poverty. The movement that condemns consumption seeks to ban a lot: for example, they demand to refuse air travel or stop buying things, said H&M CEO Karl-Johan Persson,...

Uber launched a service for booking culinary master classes through its application in test mode. So far, the experiment is being conducted only in San Francisco. Uber is exploring a new way to offer customers food through Uber Eats, and this has nothing to do with delivery. Last Friday, Uber launched a pilot project called Uber Moments. It allows customers to book culinary master classes in the...