Serai aims to be the LinkedIn for global trade which links manufacturers to component suppliers. In a significant development, HSBC Holdings Plc is backing the launch of Serai, a Hong Kong-based technology startup that aims to “connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push”.…
An injection that would enhance sex drive among women has been approved by the United States Food and Drug Administration (FDA) on Friday. This is however not the first such medication that has been approved by the FDA. Earlier in 2015, the US regulator had given approval for a similar pill called Addyi from Sprout…
According to media reports quoting various airlines, a ni8mber of them are avoiding airspace controlled by the Iranians over the Strait of Hormuz and Gulf of Oman and are rerouting flights since the issuing of the ban on Friday by the US regulator on US airlines flying over the airspace for an unscheduled period of…
Users and viewers of beauty videos on YouTube would now be able to virtually try out products even as they watch such videos and makeup tutorials on the social media platform with the help of augmented reality (AR). This new feature to the video sharing platform has been named as AR Beauty Try-On and was…
Shares of a number of United States based companies have been dumped by an ethical investment operation by the largest asset manager of the United Kingdom because it considered that the targeted companies were laggards with respect to the climate crisis. The US companies included oil giant ExxonMobil and insurer Metlife. Dive companies – ExxonMobil,…
Online sales are forecast to grow at 43.8% to 16.7 billion pounds in the next five years. On Thursday, researcher IGD forecast, Britain’s food and grocery industry, driven by the online and discounter channels, is set to grow by 12.5% to $272.8 billion (217.7 billion pounds) by 2024. Online will be the fastest growing channel…
According to Apple, the risks of depending too heavily on manufacturing in China are rising and are far too great. Regardless of how the U.S.-China trade is resolved, the production shift will take place. In a significant development, the Nikkei Asian Review has reported that Apple Inc has asked its major suppliers to assess the…
The A321XLR has a longer range of 4,700 nautical miles. In a significant development, the AirAsia Group, the world’s largest customer for Airbus’ A321neo, stated it has decided to convert 253 orders for Airbus’ A320neo planes to the larger A321neo model. “The change will enable the airline to offer higher capacity in response to ongoing…
Nvidia’s graphic chip will be powering the machine learning algorithms that will enable Volvo’s self-driving trucks to navigate from production facility to warehouse. In a significant development, Sweden’s AB Volvo stated, it will collaborate with Nvidia to develop artificial intelligence used in self-driving trucks. The agreement marks a long-term strategic partnership which spans several years.…
The largest e-commerce company of the world Amazon.com is attempting to boost its fast-growing air cargo arm by adding a dozen air freight crafts to its fleet of aircrafts, the company announced on Tuesday. This is a part of the strategy of the company to expand and tighten control over the logistics business that it…
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