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.…
After operating for more than fifty years, United States based auto manufacturing company Ford has announced that it would close down a factory in Brazil. This is part of the strategy of the company to end selling of heavy commercial trucks in entire continent of South America. It saw “no viable path to profitability” for…
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…
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…
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,…
According to statement of the German interior ministry to the media, the Chinese tech giant Huawei would not be excluded from the setting up of the 5G network in the country and the country might even tweak changes in its regulations t hat would allow even those companies that are considered to be potentially untrustworthy…
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…
United States based ride hailing company Lyft Inc is trying to be the first ride hailing company to be traded publicly and would flaunt its fast growth in the United States as its main attraction points for investors for the IPO, according to media reports quoting sources with knowledge of the matter. The reports claimed…
A survey by the European Parliament revealed on Monday predicted that the biggest group in the EU legislature would be the center-right after elections in May this year, which indicates that there would also be an increase in the number of seats to the far right. According to the survey, with 29 seats, the position…
Dismissing reports that New Zealand will adopt Britain’s approach, Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. On Monday, New Zealand’s Prime Minister Jacinda Ardern stated, Wellington would independently assess the risk of using China’s Huawei Technologies in its 5G networks. The development…
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