The $20 billion mega deal of Boeing Co was dethroned by rival plane maker Airbus SE as the later secured the largest ever commercial plane transaction in its history – an almost $50 billion deal with at the Dubai Air Show for single-aisle aircraft. Airbus had been trailing its rival at the Gulf expo and…
General Motors plans to make a profit from the manufacture of a new family of electric vehicle which the company wants to launch in 2021 and will be less costly to make, said the Chief Executive Mary Barra of the No. 1 U.S. automaker. Reporting the largest ever quarterly loss recently was Tesla – a…
The report by Brookings Institution is an eye opener. Brookings Institution, a Washington think tank, has conducted a study which concludes that digital tools are increasingly playing a pivotal role in transforming every workplace across industries in the U.S. According to the study, the usage of digital tools has increased dramatically in 517 of 545…
Companies across the global are pushing the advance of AI-based deep learning for facial recognition technology. The multi-billion dollar industry is seeing rapid adoption by China as it tries to enforce a rigid framework on its citizens much like its firewall which limits its citizens’ usage of the internet. On Wednesday, the SenseTime Group, a…
The new rules aim to balance the requirements of having a basket of vulnerabilities to conduct cyber attacks against enemy systems with that of protecting domestic industry and consumers from cyber attacks from foreign intelligence agencies, criminals and hackers. As per a national security official, speaking on the condition of anonymity, on Wednesday the Trump…
While confirming AXA sticking to it’s financial targets for 2016-2020, CEO, Thomas Buberl, has unveiled an intrinsic operating model that simplifies and refocuses the firms resources so as to boost shareholder’s value. On Tuesday, French insurer AXA confirmed that it was on on the path to meet its key 2020s financial targets thus extending the…
The firm has grown at a phenomenal pace of 40% compounded annual growth since 2011 and is expected to quicken its pace. The head of Travelers Cos Inc stated the company will stick to its growth plans on the cyber insurance, which protects businesses against liabilities revolving around hacking and cyber attacks. We feel like…
In China, the housing markets are being outpaced by the cost of grave plots. On an average, about 80,000 yuan ($12,000) are shelled out by Beijing residents for funeral expenses, according to a funeral development report published in 2015 jointly by China’s Ministry of Civil Affairs and the Social Sciences Academic Press. The average annual salary…
The previously planned huge display screen plant that will be worth $10 billion and is scheduled to be set up the city of Racine of Wisconsin State is all set to get a kick start as the Governor of the state – Scott Walker, signed the final contract with Foxconn Technology Group Chairman Terry Gou.…
Introducing quality assurance guidelines will be a step in the right direction for Japan’s aluminum industry as it tattles the fires of Kobe Steel’s data falsification scandal. On Monday, Mitsuru Okada, the chairman of Japan’s aluminum industry, Japan Aluminum Association, stated the the industry is considering the creation of sector-wide quality assurance guidelines if it…
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