On Wednesday, Estonia’s Bolt, a ride-sharing service provider, launched its own electric scooter model with the aim of launching the scooter service in more than 45 cities this summer. The Estonian company has grabbed business from Uber in many major African and Eastern Europe cities. Bolt has more than 30 million users in over 35…
Adam Neumann, WeWork’s co-founder has filed a lawsuit against SoftBank Group Corp and against its Vision Fund for terminating a $3 billion tender offer to the office-sharing startup’s shareholders. In October, the tender was part of a $9.6 billion financial rescue package that SoftBank had agreed to, following which WeWork gave it control of the…
In a statement Swiss drugmaker Roche stated, it has an emergency approval for an antibody test to check whether people have ever been infected with the coronavirus, from the U.S. Food and Drug Administration (FDA). The company is aiming to ramp up production by more than 100% for testing kits from the current 50 million…
According to a report from the Telegraph, U.S. electric carmaker Tesla Inc has applied for a license to supply electricity in the United Kingdom. The report citing a company source states, the purpose of the license could be to introduce the company’s Autobidder platform. Tesla’s application did not shed light on why it applied for…
Indonesia’s largest e-commerce platform, Tokopedia said, it is investigating an attempted cyber attack and claims that details of millions of its users had been leaked online. “We found that there had been an attempt to steal data from Tokopedia users,” said Tokopedia’s spokesman. “However, Tokopedia ensures that crucial information such as passwords remains successfully protected…
In a statement Gilead Sciences Inc, the maker of the closely-watched experimental coronavirus drug remdesivir stated, it will continue to work with international partners to expand the production of its potential COVID-19 treatment. Gilead said, it expects to have more than one million remdesivir treatment courses manufactured by December, “with plans to be able to…
On Tuesday, Nokia stated it has won a multi-year contract with Bharti Airtel, India’s third-largest telecom, to provide equipment and services. Nokia’s deal will essentially lay the foundation for providing 5G connectivity in the future for India, will see Nokia install and deploy nearly 300,000 radio network units across 9 circles in India. “This is…
On Monday, Silk EV, a little-known U.S.-based engineering and design firm disclosed it plans on investing $1.41 billion (10 billion yuan) in order to make sports cars with China’s FAW Group under the Hongqi brand, the brand of choice for China’s late revolutionary leader Chairman Mao Zedong. Silk EV has signed a memorandum of understanding…
Britain is set to start trials to see whether plasma from coronavirus survivors could help in the recovery of those who have been severely affected with the COVID-19 disease. According to a statement on Saturday from British health department, up to 5,000 severely ill patients with COVID-19 could soon be treated each week with plasma…
In a statement, the Federal Communications Commission (FCC) stated, it is mulling options which include the shutting down the U.S. operations of three state-controlled Chinese telecommunications companies, due to potential national security risks. To this end, the FCC has issued show cause orders to China Unicom Americas, China Telecom Americas, and Pacific Networks Corp along…
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