Siemens To Develop Motors For An Electric Plane Start Up

German industrial giant Siemens is joining hands with electric-plane start-up Eviation for the development of an aircraft that would be powered by batteries. The company said on Wednesday that the German industrial conglomerate would help out the electric-plane start-up to design and develop the motor of the planned electric powered passenger plane by the startup.…

Microsoft detects hacking activity from Strontum targeting democratic institutions

Microsoft will expand its cyber security service AccountGuard to 12 new markets in Europe including France, Germany, and Spain to safeguard from such hacking attacks. On Wednesday, Microsoft Corp disclosed it had chanced upon hacking activity that targets democratic institutions, non-profit organizations and think tanks in Europe and plans on offering a cyber security service…

Cyber security provider Palo Alta to acquire Demisto Inc for $560 million

Demisto develops and markets automation tools for information security management, including a chatbot that assists in handling tasks. Palo Alto Networks Inc, a cyber security company stated it would be acquiring Demisto Inc, a U.S.-Israeli information security firm for $560 million using cash and stock. Founded in 2015 by four McAfee executives, Demisto develops and…

Germany and France present joint manifesto on industrial policy

The aim is to provide a supporting hand to local manufacturing and boost their growth, including the production of cells for electric vehicles. In a significant development, France and Germany agreed on a joint manifesto for a new industrial policy in Europe to help support local companies to better compete with rivals, including foreign ones,…

Walmart Beats Market Estimates For Holiday Quarter Sales

The strength of the US economy was evident in the results of Walmart Inc which reported quarterly performance numbers for the holiday quarter which beat estimates, driven by increased consumer spending which led to more e-commerce purchases. The shares of the company rose by almost 3 per cent following the publication of the results. A…