In its latest OTA update, Tesla has provided the Model S with automatic emergency braking (AEB) features. Tesla’s Model S sedan has regained the top spot in its vehicle’s class following an upgrade to the vehicle’s emergency braking system, said Consumer Reports. In July, Tesla provided an OTA update to its software on the Model…
After proposals submitted by the tech giants were considered insufficient, in order to amend their user terms to bring them in line with EU law, European Union authorities have increased pressure on Facebook, Twitter and Google. According to letters sent to the companies and reportedly seen by the media, asking the IT companies to improve…
It is unlikely that a major global legal threat could emerge out of the Allegations of industry collusion between Germany’s car manufacturing industry, Arndt Ellinghorst, head of global automotive research at Evercore ISI, said on Tuesday during a television interview. The possibility of being engaged in an illegal cooperation by German car companies, including Volkswagen,…
Its solid state powered EVs are slated to hit the market in Japan in 2022. According to the Chunichi Shimbun daily, Japanese giant Toyota Motor Corp is working on an electric vehicle that will be powered by a new type of battery, which will significantly increase the vehicle’s driving range and reduce its charging time.…
With fund managers looking to hold financial instruments that aren’t correlated with equities, LedgerX’s platform to act as a clearing house for collateralized digital currency swaps, meet investor’s demands. In a major milestone in the history of bitcoins, New York-based LedgerX, a bitcoin options exchange, has received license to clear and settle derivatives for digital…
Israel is planning a potential increase in spending is bound to offer the private sector a raft of new opportunities as the country wakes up to its dramatic shortfall in infrastructure compared to most developed economies. The formation of a committee that will issue recommendations on infrastructure spending by December was announced last week by…
As Samsung Electronics targets new growth drivers for the chips business, aggressively adding clients is the strategy that the IT giant plans to triple the market share of its contract chip manufacturing business within the next five years, according a senior company executive. In a clear statement that the technology giant was preparing to focus…
Flavio Cattaneo, Vivendi’s former MD, is set to leave the company earlier than planned. Italian news daily La Repubblica has reported that one of the reasons Flavio Cattaneo, CEO of Telecom Italia, fell out with the top shareholder of Vivendi because the French company planned on appointing a managing director at his side. As per…
The deal will bring a host of medical websites under KKR’s umbrella. According to sources familiar with the matter at hand, KKR & Co LLP, a private equity firm is close to an all-cash deal to acquire U.S. online health publisher, WebMD Health Corp. If it succeeds in pushing through the deal, it would…
Old models are giving way to new ones. VCs are increasingly finding themselves not s relevant as before. They however are adapting. With U.S. venture capital companies lining up to grab a slice of the burgeoning digital currencies market, in a weird twist of fate, that market itself is grappling with a novel challenge –…
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