Over the period of last ten years or so, the Royal Bank of Scotland (RBS) has seen its reputation take a battering. Nearly 73 percent of the bank is still owned by the taxpayer after having being bailed out by the U.K. government during the global financial crisis in 2008. And now the bank is…
The coming age of autonomous self-driving vehicles have necessitate close collaboration between tech companies and automakers. Toyota Motor Corp along with Intel and other tech and auto companies have formed a consortium to create an ecosystem that will cater to big data for the upcoming connected car market. The Japanese carmaker also mentioned that…
China’s space to ground key distribution system marks a significant step in quantum communication. In a significant development, China’s state media has disclosed that the PLA has sent an “unbreakable” code from a satellite to the Earth. This space to ground key distribution technology is a significant milestone in quantum satellite communication that will make…
Germany’s Volkswagen Group and India’s Tata Motors said that talks related to cooperation about joint development of a car for emerging markets have ended amicably. After an earlier alliance with Japan’s Suzuki Motor Corp also falling apart, a further blow to Volkswagen’s (VW) efforts to develop a cheap vehicle platform for Asian markets was dealt…
By announcing the expansion of its video offerings with programming ranging from professional women’s basketball to a safari show and a parenting program, Facebook Inc made its biggest move to date to compete in the television market. The company said that only a limited group in the United States will be able to access the…
“Watch” will initially be limited to a select group and will eventually expand to global video content producers. In a significant development, Facebook Inc. made its biggest move to date in its efforts to expand its footprint in its video offering by entering into the television market. Its programming will range from parenting programs,…
The founder of the startup smartphone maker is none other than the co-founder of the Android operating system. Its first $699 smartphone will feature ceramic and titanium casing. The co-creator of the globally used Android mobile operating system has launched a new startup, Essential Products, which has raised $300 million in new funding round. It…
With the intention to sell its film and music library, Indian movie production house Eros is in early talks with Apple, Amazon and Netflix, reported the local media citing sources that are familiar with the matter. In the world’s fastest growing Internet services market, jockeying to boost their Indian television, movie and music offerings are…
A new Amazon returns policy that will make it easier for consumers to send back items at the merchant’s expense is at the center of dissent and opposition by sellers. Starting Oct. 2, items that they sell will be “automatically authorized” for return, marketplace sellers who ship products from their home, garage or warehouse —…
Weighing 310 kgs, Lina can carry four people and can travel at a speed of 50 miles (80km). In a significant breakthrough, students from Netherlands have made a biodegradable car that can carry four people and travel at 50 miles (80 km) per hour. This has the potential to be the next step in…
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