BP had made significant investments in renewable energy and was in a leading position among industry peers at a time when companies were going green. It was amongst the first oil majors to accept the linkage between fossil fuel burning and global warming. And it had coined the slogan “Beyond Petroleum.” But the Gulf of…
SpaceX marched another step closer to its aim of achieving complete reusability of rockets after the company recently launched and landed a used rocket as part of a delivery mission for NASA. SpaceX’s robotic Dragon capsule was sent on a resupply mission to the International Space Station (ISS) with the help of the company’s two-stage Falcon…
When in Rome, do as the Romans: simple enough a motto when travelling, but what about business relationships which cross borders? How can cooperation between supplier and client run smoothly when one works with one set of standards, and the other with a different set? Reporting is essential and should be carried out with surgical…
Beijing has signaled that it is keeping a close watch on the movements in rate across the Pacific in the U.S. and is keen to maintain its capacity to contain capital outflow after China’s central bank increased the interbank policy rates by 5 basis points soon after a rate hike was announced by the US…
For BMW AG, striking compelling deals for the long term supply of cobalt in a market where there is a growing shortage of the most important material for battery production for electric vehicles, is crucial as the German auto maker believes that by the middle of the next decade, its need for cobalt and lithium…
According to a new study, large tremors could be triggered in the near future because of fracking. Fracking is the technological process that is applied in the oil and natural gas industry for production where hydraulic fracturing or small earthquakes are created through artificial means to bring out oil and natural gags from the Earth.…
Cryptocurrencies are being unwittingly mined by the users of four popular video sites every month. According to a report on the practice of the so called cryptojacking, the number of visitors in this case is almost one billion. According to security firm Adguard, tokens for the bitcoin-like cryptocurrency Monero are being created as cryptocurrency mining…
Ford’s strategy is woven around consumer feedback and the growing demand for autonomous automated vehicles. Jim Hackett, Ford’s CEO, revealed that the firm is reviewing its product portfolio since consumers have shown a preference for SUVs which have fuel efficiencies closer to sedans. At a Ford event in Detroit, Hackett said although in the past…
The measure, as yet non-mandatory, has not had any material impact on the price of bitcoin, with cryptocurrency related shares extending their gains on Friday. On Friday, the Korea Blockchain Industry Association, a South Korean blockchain association, disclosed measures to boost transparency in trading of cryptocurrencies which have been agreed by fourteen exchanges in the…
Analysts expect Atos to come back with a better deal. Gemalto has also not closed its doors to any further deal. On Thursday, with Franco-Dutch chip maker Gemalto rejecting Atos $5 billion (4.3 billion euro) takeover bid, shares of Atos fell sharply by as much as 2.8%. On the French blue-chip CAC 40 index, early…
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