A shortage of semiconductors will force top auto companies to cut vehicle production this month, said Ford Motor Co, Toyota Motor Corp, Fiat Chrysler Automobiles and Nissan Motor Co Ltd. These four global auto companies are the latest ones to say that they have been hit by a shortage of chip with an increase of…
According to a report from South Korean media house IT News, Hyundai Motor and Apple Inc will be signing a partnership deal in the coming weeks on autonomous electric cars. A deal could be on the cards to start their production in the United States sometime in 2024. Earlier last week, another report had said,…
Electric car maker tesla’s co-founder and CEO Elon Musk surged ahead Amazon founder and CEO Jeff Bezos to become the wealthiest person in the world according to calculations done by Bloomberg. Just a 6 per cent rise in the stock price of Tesla on Thursday propped up the personal wealth of Musk by a huge…
The new Covid-19 mRNA vaccine developed by the United States based pharmaceutical company Moderna has the potential to offer humans administered with it protection from the disease for a time period that can extend to up to two years, said the company’s chief however according executive on Thursday. However according to analysts and experts, for…
With people in the United Kingdom being forced to celebrate at home during the festive season because of the restrictions imposed to prevent the spread of the second wave of the Covid-19, the British supermarket group Sainsbury’s beat its own expectations for trading, prompting the company to raise its profit outlook. In the company’s fiscal…
The $40bn acquisition of the United Kingdom based chip designer Arm by the American chipmaker Nvidia is being investigated by the competition watchdog of Britain. A call for submission of views on the contentious deal by interested parties before the launch of a formal investigation later this year has been given by the Competition and…
According to two sources familiar with the matter at hand, the U.S. Administration is weighing options to add Tencent and Alibaba to a trade blacklist on the grounds that it is either owned or controlled by the Chinese military. Officials from the Department of Defense who oversee the designations have yet to finalize plans to…
With supporters of U.S. President Donald Trump moving into Capitol grounds, tech companies, including Snap Inc, Twitter Inc and Facebook Inc locked their respective accounts of the U.S. President following allegations of China-backed rigging of the 2020 U.S. Presidential elections. Twitter hid and mandated the removal of three of Trump’s tweets “as a result of…
On Wednesday, in a statement self-driving software startup Oxbotica stated, it had raised $47 million in its latest funding round led by the venture capital arm of BP, Halma Plc, a health and safety device maker, and Tencent. Oxbotica, an Oxford University spinoff, develops autonomous systems that could be used in a range of vehicles…
On Wednesday, the world’s most popular cryptocurrency, touched its zenith of $35,000 for the very first time extending a rally that has seen the digital currency surge by more than 800% since mid-March. Bitcoin touched a high of $35,879 on Wednesday. On December 16, it had breached the $20,000 threshold for the first time.
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