On Thursday, during a news conference, Katsunobu Kato, Japan’s chief spokesman for the government stated, the trade ministry is weighing options to support a shift to electric-powered vehicles and will map out a plan by the end of this year. Japan plans on stopping the sale of new gasoline powered cars by mid-2030s in favour…
Singapore has given the go-ahead to Eat Just, a U.S. startup, to sell its lab-grown chicken meat to consumers, marking the first regulatory approval for the so-called clean meat since it does not come from slaughtered animals. Demand for alternatives to meat is surging following consumer concerns about animal welfare, health and the environment. Plant-based…
On Wednesday, in a statement South Korea’s Hyundai Motor Group stated, early next year it will introduce an electric vehicle-only platform which will use its battery technology to cut production time and costs. The plan by Hyundai Motor Group, the world’s No.5 auto group, aims to become a major player in the global EV market,…
In a statement, Lion Electric Co stated it plans on going public through a merger with blank-check company Northern Genesis Acquisition Corp. The startup aims to ramp up production capacity to tap growing demands for electric vehicles. Known for its yellow electric school buses, Quebec-based Lion Electric expects to receive around $500 million of net…
On Tuesday, South Korean investment bank Mirae Asset Daewoo Co Ltd stated, it has won a U.S. lawsuit against China’s Anbang Insurance Group. The development comes in the wake of Mirae Asset affiliates scrapping a $5.8 billion deal to buy 15 U.S. hotels from Anbang, which then had filed a lawsuit against the South Korean…
According to sources familiar with the knowledge at hand, from 2021 Samsung Electronics Co Ltd may discontinue its Galaxy Note line of smartphones. The development comes in the wake of a sharp drop in demand for high-end smartphones because of the coronavirus-induced COVID-19 pandemic. Known for its large screen and its stylus for taking notes,…
The largest corporate acquisition of 2020 was marked by the announcement of the acquisition of IHS Markit by the data giant S&P Global in a deal with $44 billion. The completion of the deal will also create one of the leading companies in the financial information market which is growing fast. The negotiations for the…
Application for emergency regulatory approval of its coronavirus vaccine is being filed by Moderna with regulatory bodies in the United States and Europe so that the vaccine against Covid-19 can be recommended for use among the masses. Trial data for the mRNA vaccine will be reviewed by the regulators and then a decision on the…
The French government is taking an effort to get tech companies to get on board for publicly committing to principles which include paying their fair share of taxes. However, according to reports quoting government sources, United States based tech giants Amazon and Apple have not yet signed up to the pledge. Over the last three…
In a development that cements Huawei’s exit from Britain’ future telecom market, the British government has notified telecommunications companies operating in the country that after September 2021, they should not install any new Huawei 5G kit. The development is part of a broader push to purge Huawei’s equipment from Britain’s high speed mobile networks. Falling…
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