The EU is not alone in questioning Broadcom’s trade practices: the U.S. Federal Trade Commission is also scrutinizing its business practices. The European Commission is scrutinizing Broadcom Inc’s trade practices over the possible usage of its market dominance to pressure customers to purchase its semiconductors. According to a report from Bloomberg, which cites people familiar…
U.S. users can link various non-Wealthfront accounts, including bank accounts, brokerage accounts and information on the value of their homes, to the platform. Wealthfront, one of the largest digital wealth management startups, is set to offer its automated financial planning tool, known as “robo-advisers,” for free by the end of 2018, as part of its…
Although Tesla’s critics have focused on Elon Musk’s behavior, the numbers coming out of Tesla are pretty compelling. In an interesting turn of events, long-time Tesla short seller and critic Citron Research, in its research note stated it is betting that the electric automaker’s stock will rise. With the news reaching the market, Tesla Inc’s…
Following hacker attacks which left crypto exchanges shorter by millions of dollars earlier this year, Japan intends to nurture growth while ensuring strict regulatory compliance for the cryptocurrency industry. On Wednesday, Japanese watchdog Financial Services Agency (FSA) stated, it has given the country’s cryptocurrency industry a self-regulatory status. As a result Japan Virtual Currency Exchange…
The development is a follow up on a 2016 agreement wherein HyperloopTT had signed up for a feasibility study with Abu Dhabi’s municipal affairs and transport department for the futuristic mass transit system. On Wednesday, Hyperloop Transportation Technologies (HyperloopTT) stated, it plans on building an ultra-fast hyperloop track in Abu Dhabi in the third quarter…
Th investment is aimed at enabling Binance to launch a cryptoexchange in Singapore by the end of 2018. On Tuesday, Singapore state fund Temasek backed Vertex Ventures has invested in Binance – one of the world’s biggest cryptocurrency exchanges – as it prepares to expand operations into the city-state. In a joint statement, the firms…
The president of Toyota stressed that the British government should avoid “at all costs” a no-Brexit deal. This is the latest episode of an influential Japanese investor commenting on the future of the UK economy. The industry leader Akio Toyoda lamented that leaders from the UK and the European Union failed to come to an…
A large section of the global business world has been impacted by the disappearance and death of Saudi journalist Jamal Khashoggi. This has resulted in uncertainties about planned investments in Saudi Arabia in various partnerships and in projects related to the in banking, transportation and technology sectors. Ever since the disappearance of the Washington Post…
Interest in what is known as the “NewSpace” – creating create cheap, commercialised space travel, has caught the interest of an increasing number of entrepreneurs. Three of the top such entrepreneurs that have made a huge splash in the market include billionaires Elon Musk, Jeff Bezos and Sir Richard Branson. All of them have been…
ASAP specializes in developing and testing software and electronic architecture for human to machine interfaces, software for autonomous driving, and car-to-x communication. As part of its strategic push into the future of mobility, car parts maker ZF Friedrichshafen has acquired a 35% stake in ASAP – a Germany-based company which specializes in developing software and…
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