On Friday, in a report Japanese news daily Yomiuri said, Nissan Motor plans on further cutting down its presence in the European car market; it plans on outsourcing the sales and manufacturing of its cars to Renault, its alliance partner. The move, part of its global turnaround plan, essentially reverses former chairman, Carlos Ghosn’s strategy…
On Wednesday, the price of bitcoin touched a record high of $28,599.99, taking this year’s gains past 295% amid heightened interest from bigger investors. Bitcoin, the world’s most popular cryptocurrency, was last up by 3.7% at $28,375; ever since it broke the $20,000 threshold on December 16, 2020, it’s price has surged. The cryptocurrency has…
In a statement China’s Sichuan Yahua Industrial Group Co Ltd stated, it has signed a deal to supply battery-grade lithium hydroxide to Tesla Inc for the next five years. According to a filing in the Shenzhen Stock Exchange, Yahua has placed the total value of the contract, signed by its wholly-owned subsidiary Yaan Lithium, at…
A federal judge has dismissed Apple Inc’s copyright infringement claims against a Florida startup which makes software to help security researchers find vulnerabilities in Apple products, including in its iPhone. U.S. District Judge Rodney Smith ruled in favor of Corellium LLC saying its software which emulates Apple’s iOS operating system that runs iPads and iPhones,…
SAP-owned Qualtrics International Inc, a seller of surveying software has filed for a U.S. initial public offering of up to $100 million. Tech stocks have largely outperformed the broader market this year. SAP had acquired Qualtrics two years ago for $8 billion. According to a regulatory filing the IPO will have two classes of common…
United States based electric car maker Tesla Inc will start operations in the Indian market next year, said the country’s transport minister Nitin Gadkariin an interview to the national daily the Indian Express on Monday. The minister told here the newspaper that the top electric vehicle manufacturer of the world will begin with sale of…
According to largest lender of Russia, Sberbank, up to 3.6 trillion roubles ($49 billion) has been lost by the Russian companies and citizens this year because of cyber attacks and hacking. With the aim of attempting to crack down on the shadow economy,, Russian government and authorities have been encouraging its citizens to reduce use…
Some countries of the world may have to depend on Chinese vaccines for Covid-19 to try and end the pandemic as the richer countries have been gobbling up supplies of Covid-19 vaccines. However the question is whether the Chinese vaccine will be effective to inoculate people? While there is no apparent reason to believe that…
A new games console powered by Intel chips that also has a built-in “chicken chamber” to keep snacks of gamers warm has been launched by the fast-food chain KFC. KFC said in a statement that the new games console called KFConsole is part of a partnership with hardware manufacturer Cooler Master. “The Bargain Bucket-shaped machine…
While the trade deal agreed between the United Kingdom and the European Union has left the British financial industry unhappy, the last minute post-Brexit trade agreement has left French fisherman facing a host of unknowns. This was said by the mayor of the major northern fishing port of Boulogne-sur-Mer on Friday, according to a report…
