The deal is part of a much touted $110 billions arms package. As per a statement from the Pentagon, Lockheed Martin Corp is to receive the first tranche of the of an $110 billion arms package which the Trump administration had negotiated with Saudi Arabia in 2017. The first package is toward the installation a…
With a population of 1.3 billion and with more than 400 million smartphone users, India is a massive market for streaming service. In less than 7 days, Spotify Technology SA, the world’s most popular paid music streaming service, has racked up more than 1 million unique users in India across its free and premium services.…
Companies that do not have any women directors or have a not so clean history with respect to taxes is being planned to be put under pressure by a group of Christian church investors in the UK. The Church Investors Group has pension fund members with £21bn in assets. Those large companies that have poor…
The autonomous bus will undergo testing in the NTU’s campus for a year before moving on to public roads after taking due regulatory approvals. On Tuesday, Singapore’s Nanyang Technological University (NTU) and Sweden’s Volvo Buses unveiled a full-size autonomous electric bus for testing purposes. For Singapore, this is very strategic, given its high density. The…
Sound is emerging as a key aspect for emotions attached to electric vehicles. This is so since it is through sound that the potential customer can get feedback about the capability and potency of the car. Senior executives at the Geneva car show have revealed, with combustion engines gradually being discontinued, carmakers are dreaming up…
e.GO Mobile, a German startup, has helped develop a delivery van that is now being produced by a subsidiary of postal services group Deutsche Post. Among the startup’s other projects, it is also pursuing to bring an e-minibus to the market through a a joint venture with German automobile supplier ZF Friedrichshafen. In asgi significant…
The 7-month old electric scooter sharing startup plans on using the funds for R&D and for increasing its footprint in the EU. On Monday, VOI Technologies, an electric scooter sharing startup that is just 7 months old stated it has raised $30 million in its latest fundraising round. VOI Technologies plans on using the proceeds…
The Model Y is an SUV that is 10% bigger than the Model 3, 10% more expensive than it and comes with the same battery pck configuration. In a significant development, Elon Musk, Tesla’ Inc’s CEO stated, the carmaker will unveil its Model Y on March 14 at an event in LA Design Studio. “Model…
The move is aimed at tweaking CNN’s digital and will entail more funds being sunk into it as well as changes in HR. As per a report from the Wall Street Journal, John Stankey, the AT&T executive who is the CEO of WarnerMedia, plans on revamping CNN’s digital operation, and plans on infusing more money…
Canada has until midnight on Friday (0500 GMT Saturday) to announce its decision. On Friday, in a potentially significant development, Canada is expected to announce that the extradition hearing against Huawei Technologies Co Ltd’s Chief Financial Officer can proceed, opined legal experts. In December 2018, Canadian police had Meng Wanzhou, Huawei’s CFO in Vancouver at…
