Researchers and scientists have come closer to replicate and recreate one of the most efficient production process of nature – that producing hydrogen gas. This has been achieved by researchers at the University of Illinois (UI) and the University of California and the outcome of the study was posted online in the form of a…
In a significant development, the United States has unveiled a procedure which is aimed at protecting its telecommunications networks as well as their supply chains, from national security threats. In May 2019, U.S. President Donald Trump had issued an executive order declaring a national emergency which bars U.S. companies from using telecommunications equipment made by…
A British trade body has warned that the country’s annual car production is likely to drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union; the output will be lost to other nations. Britons are staring at an elections in just over two weeks with Prime Minister…
In a significant development, Chicago’s city counsel has approved a proposal which will see an imposition of increased taxes on certain ride-hailing trips. The move is aimed at combating traffic congestion in the city. Incidentally, the city counsel and ride providers have accused each other of penalizing low-income passengers. As per Mayor Lori Lightfoot’s plan,…
If the turnaround plan does not manage to turn its fortune, it runs of risk of a collapse, fears the company that prints the UK’s banknotes – De La Rue. This announcement was made by the company while also announcing suspension of its dividends and reporting a loss in the first half of its financial…
Negotiations with investors about a new funding round is being conducted the maker of the plant-based Impossible Burger – Impossible Foods Inc, and according to reports quoting sources, this funding round could effectively more than double the valuation reached by the company at the last funding round in May which was at $2 billion. There…
A racketeering lawsuit against Fiat Chrysler by General Motors last week and the timing is not good at all for Fiat. Fiat Chrysler is currently engaged in two very critical negotiations – one with the labour union United Auto Workers about a new contract for the workers and the other is merger negotiations with the…
Renewal of license to carry passengers in London has been denied to the ride sharing company Uber. This is the second time in two years that such as step has been taken by the London transport authorities. The cancellation is pending an appeal over a “pattern of failures” on safety and security. While making the…
Uber has decided to appeal Monday’s decision by London’s transport regulator to strip its license in the city, saying it has taken steps to change its business model and sets the standard on safety. “Over the last two months we have audited every driver in London,” said Jamie Heywood, Uber’s boss in Northern and Eastern…
On Monday, Paytm, an Indian digital payments company stated it has raised fresh funds totaling to $1 billion from a group of investors which includes existing backers such as SoftBank’s Vision Fund and China’s Ant Financial Services. The funding round saw Paytm being valued at $16 billion. A fresh investment in Paytm by Japan’s SoftBank’s…
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