A firm named Luminar, which is a little more than 7 years old and whose founder was barely legal to get a driver’s license while when founding the startup, finds itself at the centre of the growing self-driving car industry. Luminar offers acritical sensors for self-driving cars and the latest automaker to team up with…
A warning from the International Monetary Fund said that the world’s trade system would be undermined and the U.S. economy could be hurt by the trade policies of the Trump administration. A trade war would result in “losers on both sides” and can present a “serious” impact, said IMF Director Christine Lagarde. This caution was…
In the next two years, about 4600 jobs would be lost at engineering firm Rolls-Royce as a part of a large reorganization in the company. The burnt of the hit is to be borne by middle managers and back-office staff with the possibility of its Derby base getting hit hard. Civil aerospace, defence and power…
Facebook-owned data security app called Onavo Protect could be trouble because of the decision by the social media company to limit the ability of developers to access and use data of users from mobile phones. Onavo apparently provides a free virtual private network (VPN) to its users that the firm claims helps “keep you and…
Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…
By 2022, India aims to increase its solar energy capacity by 5 times to 20GW. On Friday, Japanese public broadcaster NHK reported, without citing sources, SoftBank Group Corp has decided to invest $60 billion to $100 billion in the solar industry in India. A formal agreement is expected to be signed soon between the Indian…
The headwinds stem from the outcome of an investigation which concluded that ZTE and Huawei Technologies are Chinese telecommunications firms that are linked to the Chinese Communist Party’s intelligence apparatus. According to U.S. lawmakers, legislation has already been prepared to block the Trump administration’s agreement with China which allows ZTE Corp to resume business ties…
ZTE’s strategic move will, at least in the short run, allow it to resume operations and start sourcing components from the U.S. It is to be seen how the Trump Administration navigates ZTE’s stigma of posing as a national security threat to the U.S. in the Congress. On Wednesday, Chinese telecommunications giant ZTE Corp saw…
This is the biggest investment to date by an automaker in the global ride-hailing sector. On Wednesday, Toyota Motor Corp stated it has agreed to invest $1 billion Grab, a Southeast Asian ride-hailing firm, as its lead investor in its current funding round which was launched after it bought Uber Technologies’ regional business. Toyota’s move…
The new cyber security law – a double edged sword – can be used to combat cybercrime, it can also be used to tackle online dissent. On Tuesday, in a move that further consolidates the government’s powers over internet content in Vietnam, the country’s lawmakers approved a cybersecurity law that tightens control of the internet…
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