Tata-Thyssenkrupp Steel Merger Attracts In-Depth EU Competition Probe

Based on concerns of a recued competition in the steel manufacturing market in Europe, an in-depth investigation into the proposed formation of a joint venture between Tata Stee of India and Germany’s ThyssenKrupp, has been launched by the European Union earlier in the week. The venture that would be created by the merger of the…

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Ford Motor and Baidu to commence testing of self-driving vehicles in China

The two envisages that by the end of the development and testing process, the vehicles which will reach level 4 technology for autonomous vehicles, will be capable of operating autonomously in certain conditions. On Wednesday, Ford Motor Co and Baidu Inc stated, they have launched a joint venture to test self-driving vehicles on Chinese roads.…

Elon Musk shakes up SpaceX management in a race to provide satellite-based internet services

Known for his aggressive management style, Elon Musk is pushing hard to become the first internet-based service provider – a move that could make a huge splash in the U.S. and global broadband market. According to two employees of SpaceX with direct knowledge of the matter at hand, Elon Musk, SpaceX’s Chief Executive Officer, known…

Alphabet Inc’s Waymo the first company to get license to test self-driving cars without backup driver

The development marks a milestone in the testing of autonomous automated vehicles. In a significant development, California’s Department of Motor Vehicles stated, Alphabet Inc’s Waymo unit has been awarded a permit to test driverless vehicles without a backup driver in the front seat. Waymo is the first company to receive such a permit from California’s…