With the forthcoming launch of electric cars, the demand for video processing chips and IoT enabled chips is likely to surge. On Monday, U.S. hedge fund Elliott Management Corp disclosed that it has acquired a shade of 5% stake in Hitachi Kokusai Electric, a chip manufacturer for equipment and video solution business. Earlier in April,…
Having completed the $2.2 billion acquisition of Opel and Vauxhall earlier this year, the PSA Group, like its peers, is now focusing on launching Evs in the market. As per PSA Group’s Chief executive, Carlos Tavares, although the company will support Opel’s introduction of electric cars into the market, he has highlighted the need for…
Disorder that’s created as the price of all the order and creative energy pent up in cities, in a recent talk about his new book, “Scale” physicist Geoffrey West described climate change as a form of entropy. A euphemism for global warming cannot be the only explanation for climate change, as some argue, in this view.…
The finance ministers of France, Germany, Italy and Spain said in a joint letter that instead of only taxing on the profits made as of now, they want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues. There are many countries in Europe that are frustrated at the low…
With the aim to allow the industry to better compete in a market that’s dominated by Indian manufacturers, Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters. According to Deputy Finance Minister Alexey Moiseev. the government wants Alrosa PSJC to offer more favorable terms to cutters including Kristall Production Corp.,…
Following a racially divisive social-media campaign in South Africa, Bell Pottinger LLP has put itself up for sale after being expelled from the U.K.’s public-relations industry body and losing clients. Financial adviser BDO has been hired “to look at all options regarding the future of the business,” by the London-based PR firm, founded by Margaret…
While Toshiba has narrowed down the pool of suitors, all the bids have Apple, its key customer, as a common denominator. On Friday, Japan’s Kyodo news agency reported that a group, which includes Western Digital, has sought $464 million (50 billion yen) from Apple Inc to help finance a bid for Toshiba Corp’s NAND chip…
As per U.S. Senator Mark Warner, vice chairman of the Senate Select Committee on Intelligence, it would not be an “exaggeration to suggest that a breach such as this represents a real threat to the economic security of Americans.” In what is reported to be one of the largest breaches of data in the United…
Brexit related uncertainties are however holding back its plans. On Thursday, Britain’s biggest carmaker, Jaguar Land Rover, stated its electric or hybrid lineup will be launched from 2020, as it ramps up its plans to electrify its models. In 2016, its Indian parent, Tata Motors, had disclosed that it would offer greener versions of half…
The economic cost of cyber crime in the EU is a whopping $316 billion (265 billion euros). As a means to secure EU nationals from cyber attacks from other nations, the European Commission has decided to bolster cyber security in the bloc and is set to hike up its cyber security spending and unveil stricter…
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