Stricter border checks kin Germany for crucial auto parts is delaying the deliveries to factories which is forcing the companies to closing down manufacturing units and this has emerged as a new threat to the very crucial car manufacturing industry. Following the implementation of stronger Covid-19 checks and immigration rules at its borders with Austria,…
The United States based electric car making global leader Tesla Inc will be setting up an electric car manufacturing facility in the southern Indian state of Karnataka, claimed multiple reports quoting information gathered from a government document which the reports claimed to have seen. “The US firm Tesla will be opening an electric car manufacturing…
The vaccine candidate against Covid-19 that is being developed jointly by the French drug maker Sanofi and Translate Bio of the United States “will not be ready this year”, announced the French firm’s chief executive in an interview to Le Journal du Dimanche newspaper. The company executive said that it is likely that the company…
In a report, Bloomberg News said, China’s ByteDance is exploring the sale of TikTok’s Indian operations to rival Glance, a unicorn. Negotiations, initiated by Japan’s SoftBank Group Corp, early, private, and complex, said the report citing sources people familiar with the matter at hand. InMobi’s short-video app Roposo has gained more market share in India after…
According to a top official from the Securities and Exchange Commission (SEC), a clear cryptocurrency regulatory regime is urgently required with major companies, including Mastercard Inc, Tesla Inc, and BNY Mellon Corp embrace the digital asset class. During an interview, Hester Peirce, a Republican commissioner at the SEC said, while it may be too soon…
In a statement, Microsoft Corp’s President Brad Smith said, the SolarWinds hacking campaign that used the U.S. tech company as a springboard to compromise many U.S. government agencies is “the largest and most sophisticated attack the world has ever seen”. The hacking campaign, identified in December 2020, was allegedly orchestrated by China and Russia, had…
Manufacturing for the Learjet, once regarded as aircraft that was very popular as a luxury private jet for the super-rich, will be discontinued after the last of the planes is built in 2021, said the manufacturer of plane Bombardier With the wealthy customers – getting wealthier, starting to demand even larger and more comfortable private…
With shoppers of beauty products flocking to shop from online sources during the coronavirus pandemic, the biggest cosmetics group of the world L’Oreal reported better than expected growth in revenues for the fourth quarter of the last year. The closure of airport duty-free shops and high street stores during the Covid-19 pandemic and the shift…
New labels to clearly identify more state-affiliated accounts, including the personal accounts of world’s leaders’ would be started by the social media platform Twitter from next week, the company said. The aim of this move is to provide greater clarity and context to users when they engage in any geopolitical conversation on the micro blogging…
Additional time is being sought by semiconductor companies to appeal against the last minute movers by the last-minute Trump administration of the United States to block sales to Chinese telecoms company Huawei. According to reports quoting sources, the companies are hopeful of a reversal of policy even though analysts see it unlikely that the new…
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