Time is running out for Saudi Arabia’s richest man. It was more than two months that the Saudi government arrested Prince Alwaleed bin Talal as part of its campaign to reduce corruption. According to London based Arabic news site Al-Arabv Al-Jadeed, Alwaleed was more to a prison – removing him from his restricted quarters at the…
As social media giant Facebook attempts to address to the growing concerns of the role of news feed on lives of people and the society, it is planning to significantly alter the formula which helps to identify what appears at the top of news feeds. “Recently we’ve gotten feedback from our community that public content…
SoftBank’s Vision Fund has invested $561 million in Auto1. On Monday, Auto1, a German used-car dealing platform stated that having received an investment of $561 million (460 million euro) from Japan’s SoftBank, the pressure to tap revenues through an initial public offering (IPO) for its pan-European growth plans, has eased significantly. The SoftBank Group, invested…
Although it lags slightly behind its peer, Boeing, citing its record backlog, Airbus sees itself delivering more planes than its rival in 2020. On Monday, Airbus stated it is just three years away from gaining a leadership role in the commercial aircraft market by producing more aircrafts than its peer Boeing. Having disclosed the number…
French President Emmanuel Macron is on target to meet the euro zone’s public sector deficit target of below 3% of France’s GDP. On Friday, French finance minister Bruno Le Maire stated that he will not introduce any new taxes during the French President Emmanuel Macron’s five-year mandate which runs upto 2022. The sizable housing tax,…
GM’s interest in fully automated autonomous cars comes from the fact that “several hundred thousands of dollars” can be generated in revenue from the lifetime of one in comparison to an average $30,000 for one of its traditional vehicles. Executives from General Motors Co disclosed that the automaker is seeking approval from the U.S. government…
This report is of particular importance to admins of data centers and cloud computing customers. For the IT Admins rushing to update their device drivers for Intel chips, Intel has let it be known that its recently issued patches can potentially cause computers with older Haswell and Broadwell processors to reboot more often than normal.…
The prototype of an unmanned electric vertical-takeoff-and-landing cargo drone was unveiled in Wednesday by Boeing, world’s largest aircraft manufacturer. The cargo air vehicle (CAV) is aimed at the future market for cargo and logistics and the craft has a carrying capacity of up to 500 pounds (about 450 kg), Boeing said in a statement. Boeing…
The tax cuts by the Trump administration will benefit the workers of Walmart. The U.S. based retailing giant, often criticized for its policies toward its employees, is planning to provide a one-off cash bonus to its employees in addition to starting to pay at least $11 an hour to the one million US workers of…
Automatic braking is set to become a standard feature in the majority of new cars with the NHTSA saying 20 carmakers will feature the system in their new releases. On Thursday, in a strategic move aimed at reducing the gap between itself and its rivals, Ford Motor Co stated that it will make available automatic…
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