The self-driving tech firm Pony.ai which is supported by Toyota Motor Corp, is contemplating getting itself listed in the United States to generate money to finance further research of achieving its goal of commercializing driverless ride-hailing services, said the chief executive of the company, James Peng, in an interview to the news agency Reuters .…
According to a new study, the novel coronavirus that causes Covid-19 might have started spreading in China as early as October 2019 which was two months prior to the detection of the first case of the disease in the central Chinese city of Wuhan. Such an estimate was made using methods from conservation science by…
It is expected that Chinese listings in the United States will be spruced up by the planned $4 billion New York debut of the Chinese ride-hailing giant Didi Chuxing. Despite the political tensions between the US and China, the listings of Chinese companies on US exchanges was at an all-time high in the first half…
Authorities of a prison in Barcelona, Spain, on Wednesday found the founder the antivirus software company McAfee – John McAfee, dead in his cell. It is suspected that he had committed suicide after the National Court of Spain approved his extradition to the United States where he was slated to face criminal tax evasion charges,…
A new resort worth $4.3bn in the gambling capital of the United States – Las Vegas, was opened by the Malaysian casino operator Genting Group as it bet its fortune on the US market. The new resort called Resorts World Las Vegas is touted to be the most expensive resort ever to be launched in…
Plans for transforming its consumer healthcare business into a separately listed company were revealed by GSK on Wednesday which would help the firm to further strengthen the process of drug development at the pharmaceuticals business unit of the company and have an 8 billion pound ($11 billion) windfall. It was in December 2018 that the…
Bricks made from recycled drinks bottles will be found in the shelves within just two years according to a target set by the toy giant Lego. The main challenge for Lego is to come up with a a sustainable product that can last years and even decades in place of plastic. Lego makes about 3,500…
The vast advertising business of Google has been targeted by the European Union as it has initiated an antitrust investigation into the search engine over allegations that the rival services have been put at a disadvantage by Google by making it harder for the rival brands to reach consumers as well as for publishers to…
Even though there are big questions about how the future of retail business, the French luxury goods giant LVMH is sure that it will be done mostly in physical stores despite the rise of online channels. “We see the future being two things: being mostly retail stores, because the client experience in a retail store…
The financial performance of Japan’s Nissan Motor Co for the months of April and May were much better than what was being expected, said the president of the auto maker during the annual general meeting (AGM) of the company on Tuesday. This announcement by the top executive of the company to the company’s shareholders was…
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