On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…
On Friday in a statement, the Commercial Aircraft Corp of China Ltd (COMAC) stated, the sixth prototype of its home-built C919 narrowbody passenger plane has completed its first test flight. The prototype of the C919 is the last test plane COMAC had planned for the program; it was scheduled to fly before the end of…
GlaxoSmithKline is now taking course in cutting-edge computing to develop medicines in the future and is set to make extensive use of artificial intelligence. It plans to recruit 80 AI specialists by the end of 2020. But recruiting enough AI researchers and engineers from areas such as Silicon Valley is proving to be a challenge…
The Russian government has announced the successful testing of an alternative to the global internet throughout the country. According to the Russian Ministry of Communications, no changes were visibly noticed by the ordinary users of new internet even though it did not offer much more clarity on the details of te test. Russian President Vladimir…
As per a report by Mastercard Inc, e-commerce sales saw record highs this shopping season in the United States, with U.S. shoppers preferring online sales to their brick-and-mortar counterpart. For retailers, the holiday shopping season is a crucial period for which can account for up to 40% of annual sales. This year, Thanksgiving, which traditionally…
The profits of the makers of Vimto brand of soft drinks, Nicholas, could be hit because of the imposition of a new soft drinks tax in parts of the Middle East, the company said. It was concerned about the 50 per cent taxation on soft drinks in Saudi Arabia and UAE, said the Newton-le-Willows, Merseyside,…
The German luxury car maker confirmed on Monday that it was being investigated by the United States Securities and Exchange Commission. The company however did not provide nay details about the cause or the focus of the investigation. According to reports quoting sources who had knowledge of the purpose of the investigation, the manner in…
The uncertainty and debacle surrounding the 7373 Max planes of Boeing has resulted in the ouster of the company’s CEO Dennis A. Muilenburg on Monday. It was a about a week ago that the United States based plane maker announced it decision to suspend production of its troubled 737 Max airplanes that have been grounded…
The Swiss bank Credit Suisse has admitted that it had authorized private detectives to track the movements of a second executive of the company which revealed the extent of the extraordinary corporate espionage scandal at the bank. In February this year, private detectives hired on behalf of the bank had followed the former head of…
A new 10 billion yuan ($1.4 billion), five-year loan facility will be given to the united States based electric car maker Tesla by a group of China banks as funds for developing the car maker’s Shanghai car plant, reported the news agency Reuters citing information from three sources familiar with the matter. The report, a…
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