$70M Raised By British Fintech Start-Up TrueLayer In Funding Round To Rival Visa And Mastercard

The continued interest and favouritism of investors for fast-growing fintech firmclompanies arounf the world was at display again as the British financial technology start-up TrueLayer saying that it raised $70 million in fresh funding. The known as APIs, or application programming interfaces technology offered by TrueLayer allows the connection between fintech apps such as Revolut…

Reports Of $20bn Acquisition Bid From British Fund CVC Confirmed By Japan’s Toshiba

Japanese conglomerate Toshiba has confirmed recent reports of the company being made an offer of about $20bn for an acquisition by a British private equity fund. After confirming the bid by CVC Capital Partners that it got, trading in the stocks of the scandal hit firm was temporarily halted on Tokyo’s stock exchange. According to…

General Motors Co working on technology to slash EV battery costs

In a statement General Motors Co’s President Mark Reuss said, the company is testing a variety of battery chemistry technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries and reducing its dependence on such price-sensitive metals including cobalt. While speaking at an investor conference, Reuss said “GM is experimenting with…

SK Hynix nears auto memory chip supply deal with Robert Bosch GmbH

In a report a South Korean newspaper said, SK Hynix Inc, the world’s second-largest memory chip maker, is close to signing a long-term deal to provide automotive memory chips to German auto supplier Robert Bosch GmbH. Both companies are negotiating for a 10 year or more auto memory chip supply chain, reported South Korea’s Maeil…

Alliance for Auto Innovation warns of impact of chip shortage

An auto industry group in the United States has it warned that the shortage in the global semiconductor market is likely to result in 1.28 million fewer vehicles manufactured this year and disrupt production for the coming six months. In a written response to a government-initiated review, the Alliance for Auto Innovation said the U.S.…

Isuzu partners with Silicon Valley self-driving startup on autonomous delivery trucks

On Tuesday, Isuzu North America Corp and silicon Valley self-driving startup Gatik said, they will collaborate to build autonomous delivery trucks which will be used by Gatik to serve its retailer customers. Gatik works with Walmart Inc in Louisiana and Arkansas and with Loblaw Companies Ltd in Canada to deliver goods to stores from warehouses…