Tesco will settle investigations by the Serious Fraud Office and Financial Conduct Authority into the 2014 accounting scandal that rocked Britain’s biggest retailer and will have to pay out £235 million to do so. Although this deal requires court approval, as part of a deferred prosecution agreement (DPA) with the SFO, it will pay a…
The view point of three quarters of bankers surveyed by consultancy Accenture in a new report is that within the next three years, artificial intelligence (AI) will become the primary way banks interact with their customers. The Accenture Banking Technology Vision 2017 report, which surveyed more than 600 top bankers and also consulted tech industry…
Elon Musk’s space startup is set to make history this Thursday. Elon Musk’s SpaceX is days away from creating history: the private company has once again conducted a static test fire of its first rocket that it landed on an ocean platform since on March 30, it will be the first time in the company’s history…
The startup will need a lot more funding before its drones can become reality. Did you ever wonder why some companies prefer to ship vide ships instead vide air? It most probably is because air freight continues to remain expensive. The additional cost of crew and fuel quickly adds up. As per Natilus, self-driving drones…
Now an artificial intelligence startup has the answer to how to track an advertisement without watching all of the hundreds of hours of TV shows or online videos to know when the advertiser’s product appears. Videos of all sorts of things like when President Donald Trump appears, or how often a man holding a gun…
The fact that President Donald Trump’s control of immigration and national security isn’t hampered by the state’s lawsuit over his travel ban is proved by the new U.S. government rules prohibiting the use of laptops and other electronic gadgets on flights from eight Muslim-majority nations, says Hawaii’s attorney general. In the manner that had been…
With the hope to ring fence losses ahead of the end of its financial year, Toshiba Corp’s U.S nuclear unit could file for Chapter 11 protection from creditors as early as Tuesday, reported news agency Reuters citing a source with direct knowledge of the matter. But it remains to be seen that whether the complex…
In order to see Honda Motor Co’s pet aviation project recoup its development costs, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age after three decades building an airplane from scratch. Richard Aboulafia, vice president of analysis at aerospace consulting firm Teal Group, thinks it has likely spent…
Emission standards set by California’s Air Resource board are followed by 12 other states. Although the Trump administration is hell bent on relaxing car efficiency regulations, California has put its foot down and prefers clean air to pollution. The California Air Resources Board has finalized car emissions standards for 2022-2025. As you might expect, the Trump Administration wants to…
Unlike its regular bookstores, these new ones are likely to include electronic hardware and services too. Amazon’s plan of dominating the retail landscape could extend well beyond just books and groceries. The New York Times has reported citing sources familiar with the matter at hand, that the world’s biggest online retailer is “exploring” the possibility…
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