Germany’s North Rhine-Westphalia could be factory site for Tesla’s Gigafactory

North Rhine-Westphalia, Germany’s most populous state, is a leading destination for Tesla’s Gigafactory in the EU. According to a report from German news daily Rheinische Post citing sources familiar with the matter at hand, U.S. electric carmaker Tesla is scouting for a location for a factory in the German state of North Rhine-Westphalia (NRW). According…

Grab unveils major investment plans for Vietnam

Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…

YouTube takes down 210 channels linked to state-backed anti-Hong Kong protests

Following Twitter and Facebook taking action against Chinese state-backed efforts aimed at discrediting the Hong Kong protests, YouTube has followed on their footsteps. Following Twitter and Facebook dismantling influence campaigns originating from mainland China aimed at disrupting the ongoing Hong Kong protests, Alphabet Inc’s Google also said, its YouTube video streaming service has disabled 210…

Volkswagen not interested in acquiring stake in Tesla: Herbert Diess

Potential headwinds include getting the consent of Volkswagen’s controlling Piech and Porsche families to fund the purchase of the stake. Denying a media report, which stated Volkswagen’s CEO Herbert Diess as wanting to purchase a stake in Tesla, the German carmaker stated, it was not interested in doing so. “The speculation about buying a stake…

50 state attorney general to collaborate with telecom firms to combat unwanted calls

Robocalls have emerged as the single largest source of complaints to authorities. In a significant development, the attorneys general from 50 U.S. states as well as from the District of Columbia stated, they are joining forces with major U.S. telecommunications providers, including Comcast Corp, AT&T Inc, T-Mobile Us Inc, Verizon Communications Inc, and Sprint Corp…

Russian firm ICO Rating settles SEC fine of $269,000

ICO Rating has neither admitted nor denied the SEC’s charge that it had included paid-for ICO reviews between December 2017 and July 2018. In a significant development, the U.S. Securities and Exchange Commission (SEC) stated, it has levied “a fine and has settled charges against a Russia-based ratings firm for failure to disclose payments it…