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…
Following the revelation of a an expanded federal accounting probe, coupled with disappointing third quarter results saw the share price of General Electric drop to their lowest in nine years. During the announcement of its third quarter results, the first since the taking over of the new chief executive officer Larry Culp, the company announced…
While a major section of the global auto industry and some of the major tech companies are engaged in a race to develop technologies for autonomous vehicle, US auto maker Ford Motor Co and Chinese tech company Baidu Inc has also jointly entered the race. Both the company on Wednesday announced the launching of two…
Samsung Electronics Co Ltd warned of an imminent end to the two-year boom in its business which was driven by an increase in demand of its memory chips, which resulted in the company reporting record profits for the third quarter. As if to adjust to its perception of lower profits in the near future, the…
Apple Inc. upgraded some of its products that had not had an update for years in a recent event held in New York. The iPhone maker introduced some of the features of its iconic iPhone such as including adding iPhone features like facial recognition to the iPad Pro and increasing the processing power and better…
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.…
The funds from its latest funding round will be used to double its existing workforce. On Wednesday, British app-only bank Monzo disclosed that its backers now value it at $1.3 billion (1 billion pounds) thus giving it a unicorn status. The increase in valuation comes after Monzo raised 85 million pounds in its latest funding…
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…
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…
Higher sale of the sugar free sodas and vitamin waters of Coca-Cola, as reported in its financial results for the third quarter, indicates that the measures that one of the largest soft drinks company has taken to address the changing consumer tastes has been successful. The company posted a better than expected revenue and profit…
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