Plan for a potential 4 billion euro ($4.9 billion) offshore wind power project aimed to reduce the emissions at most energy intensive industrial site in Germany was announced recently this week by the chemicals giant BASF and German utility RWE. The plans include building a 2 gigawatt (GW) offshore wind park by 2030 by RWE…
Demand of an employee union of Renault-Nissan in India of discontinuing working at the company’s factory because of ignoring of Covid-19 safety protocols was reject in an Indian court by the company arguing that it needed to continue production at its car plant to meet orders, showed legal documents according to reports. A legal tussle…
The largest e-retailer of the world Amazon.com Unc has been slapped with five new lawsuits filed by women alleging gender bias, racial bias or both against them by the retailer. All of the women worked in corporate or warehouse management roles and are aged between 23 to 64 years. In the law suits, the women…
After an intense call by a China to crack down on mining and trading of bitcoin, the price of the crypto currency tumbled significantly on Friday. Tighter regulation is needed to protect the financial system of the country, Chinese Vice Premier Liu He and the State Council said in a statement. It is necessary to…
A strategic partnership has been struck between Microsoft’s China arm and the Chinese retail tech company Hanshowm, the software giant said. The two companies will work on offering cloud based software for store operators globally. This is the latest venture for Microsoft in a retail industry that is facing the pressure of shifting fast towards…
A first-quarter net loss of $2.06 billion was reported by the office-sharing startup WeWork m backed by Japan’s investment firm SoftBank, on Thursday. The loss was because of hits of restructuring costs, the company said as it prepares to get listed through a merger with a blank-check firm. The easing of restrictions imposed throughout the…
Two companies owned by media entrepreneur Byron Allen have sued McDonald’s Corp for at least $10 billion. In the case, the companies accused the fast-food chain of engaging in racial discrimination as it did not allot enough advertisements to media outlets owned by black people. The “racial animus and racial stereotyping” in allocating ad dollars…
JD Logistics Inc, which was spin off from e-commerce major JD.com Inc, will likely price shares at HK$40.36 ($5.20) in its initial public offering (IPO) at Hong Kong which will be towards the lower end of its flagged range, said reports quoting source information. The sources were not identified in the reports. There were…
On Friday, in a statement Dutch charging infrastructure company Fastned said, it has partnered with Tesla to build electric vehicle (EV) charging stations at a hub in Oxford, UK. The hub, featuring 26 charging stations, will also include 12 Tesla Supercharger stalls and 14 Fastned fast chargers and will be built in cooperation with Oxford…
According to four sources with knowledge of the matter at hand, embattled Chinese tech giant Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of semiconductors for the auto sector. In the last 6 months both companies have been collaborating informally on designing…
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