In an effort to reduce car ownership and curb growing traffic congestion in major cities, India is examining the use of private vehicles as shared taxis, reported Reuters citing sources familiar with the matter. In order to assess the economic and environmental impact of using private cars as taxis, commercial partnerships with companies including ride-sharing…
An agreement for cross-licensing of patents between Finland’s Nokia and Chinese smartphone maker Xiaomi will allow both the companies to make use of each other’s patents for the purpose of development of new products as announced by the companies on Wednesday. The licenses for the so-called standard essential patents — patents which are essential to allow products…
According to a wide-ranging report that tackles the future of machines in relationships, sex robots could actually “reinforce illicit sexual practices” and will be unlikely to prevent sex crimes like rape and pedophilia. The impact these machines could have on society were highlighted in the paper, called “Our Sexual Future With Robots” by the non-profit…
With the ultimate aim to introduce one of Europe’s “fastest growing” trading products into Asia — something called “daily leverage certificates,” the French bank Societe Generale said on Monday that it has teamed with the Singapore Exchange for this purpose. By betting on the daily rise and fall of the underlying asset, investors are allowed to multiply their…
In what is the latest event to highlight the power industry’s vulnerability to cyber attacks, the U.S government warned industrial firms this week about a hacking campaign targeting the nuclear and energy sectors. According to a joint report from the U.S. Department of Homeland Security and Federal Bureau of Investigation, to enable themselves to access…
Now it’s time for the industry to band together to combat the trend of the terrorists using technology to their advantage, David Scharia from the UN Security Council Counter-Terrorism Committee Executive Directorate said. These days, terrorists use technology “from radicalization, to incitement, to recruitment, to training … even the perpetration of the attack itself,” Scharia…
As shares of online food takeaway company Delivery Hero surged higher on the company’s stock market debut, the company appeared to whet investors’ appetite on Friday. “I’m glad we have had a good start but this is really about the long term… (it’s) about the next 10 to 15 years to build a very good…
With the aim of boosting its stake in Southeast Asian online retailer Lazada, ahead of Amazon’s much-anticipated entry into the region, Chinese e-commerce giant Alibaba is ponying up $1 billion. Effectively bringing its total investment to over $2 billion, its stake in the company will be increased from 51 percent to about 83 percent, Alibaba said on Wednesday.…
By saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder, Japan’s Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit. One day after the U.S. firm Western Digital Corp resubmitted a bid for the…
The iPhone chip supplier Qualcomm, must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc which became clear after the ruling of a federal judge ruled late on Monday where the Federal Trade Commission’s antitrust lawsuit against Qualcomm Inc was allowed to be proceeded.…
