1. China’s ZTE may lose Android software license in the US
ZTE may get rejected from Google’s Android operating system in its mobile devices after the US limited ZTE’s access to American market this week. According to the statement, ZTE is banned for security concern, adding another escalator for US-China trade disagreements.
2. IBM total revenue falls
International tech giants IBM released its financial report this year and the full-year profit forecast fell short of Wall Street targets, making the global conglomerate dropped 6%. While analysts expect a 13.83 growth, IBM posted a number of 13.80%.
3. Tesla halts the production of model 3
Tesla stock dropped 2% after it announce to terminate the massive production of model 3. Tesla draws international awareness on auto security after a driver died in a crash using Tesla’s car.
4. Ikea app TaskRabbit reveals security breach
Ikea’s new app and website now allows people to find freelance workers to complete household tasks such as cleaning, gardening or assembling flat-pack furniture. The app, named as TaskRabbit, was recently accused of security breach. Ikea now closed the app for further investigation.
5. T-Mobile fined over false ringtones
T-Mobile has recently agreed to pay $40 million after claims by the US government that it used false ringtones when calls could not be connected in rural areas. This would have given the impression that the calls were going unanswered rather than not connecting.