ASAP specializes in developing and testing software and electronic architecture for human to machine interfaces, software for autonomous driving, and car-to-x communication. As part of its strategic push into the future of mobility, car parts maker ZF Friedrichshafen has acquired a 35% stake in ASAP – a Germany-based company which specializes in developing software and…
Till the end of 2018, QME is waiving all trading fees on its platform. In a statement, the Hongkong Exchange (HKEX) Group disclosed, Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by it has begun operations since Friday. As part of its drive to attract business, QME which so far is only trading…
Apple users who had not enabled the two-factor authentication have fallen victim to phishing scams. Apple has stated, the incident has led to a rise in “false and fraudulent refund claims trying to take advantage of this incident.” Earlier thhis month, following an internal investigation Apple stated, it had uncovered a “small number of our…
After Icahn’s latest purchases, he has become the second biggest shareholder of Dell’s tracking stocks. In a strategic development, activist investor Carl Icahn has reportedly increased his stake to 8.3%, up from 1.2%, in Dell tracking stock as he looks to block a proposed plan to take Dell public again. In July, Dell Technologies had…
Apple is making major efforts to become the top music streaming service provider, a seat currently occupied by Spotify. According to American news agency Axios which has cited a source, Apple Inc has acquired music analytics start-up Asaii for less than $100 million. The acquisition will help Apple strengthen its bid to recommend content to…
There are several ways of being French. The “Made in France” is not about mass depersonalized production. Rather, it is about subtle elegance, distinctive design and quality, for which French brands are known all over the world. One can retain the French standards even when it comes to such little-known and somehow secretive industry as…
The German carmaker is preparing to transition from producing combustion engine powered vehicles to battery powered electric vehicles. Automotive giant Daimler AG stated, it will commence the building of a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama. The development comes in the wake of this…
UK has plausibly denied Bloomberg report to lend a sense of calm so that it can continue identifying details of the perpetrators. On Friday, Britain’s national cyber security agency stated, it does not yet have any reasons to doubt the assessments made by Amazon and Apple refuting Bloomberg’s report that their systems had been compromised…
Amazon’s push into Latin America’s biggest economy is driven and bolstered by the listings of third party vendors on its local e-commerce marketplace. As per a Bloomberg report citing sources familiar with the matter at hand, Amazon.com Inc is working on a pilot logistics project in Brazil with CargoX, a Goldman Sachs-backed blockchain company for…
In just 6 years, Grab has managed to attract $6 billion in funding. According to sources familiar with the matter at hand, SoftBank Group Corp is nearing a deal to invest nearly $500 million in Grab. The potential deal is part of a nearly $1 billion funding that Grab aims to tap in its latest…
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