UK Households Could Lose £1k Each Yearly From Brexit Barriers: Report

According to a latest report, Brexit trade barriers would reduce UK household income by up to £1,000 a year, reported the BBC. The cost to the UK economy could total £27bn because of the most negative scenario of high Import Tariffs And High Regulatory Barriers, Says Global Consultancy Firm Oliver Wyman. Supply chain disruption could…

Volvo Invests In 6 Year Old Startup Whose CEO Is 23 Years Old

A firm named Luminar, which is a little more than 7 years old and whose founder was barely legal to get a driver’s license while when founding the startup, finds itself at the centre of the growing self-driving car industry. Luminar offers acritical sensors for self-driving cars and the latest automaker to team up with…

ZTE faces strong headwinds from the U.S. Senate

The headwinds stem from the outcome of an investigation which concluded that ZTE and Huawei Technologies are Chinese telecommunications firms that are linked to the Chinese Communist Party’s intelligence apparatus. According to U.S. lawmakers, legislation has already been prepared to block the Trump administration’s agreement with China which allows ZTE Corp to resume business ties…