Japanese tech based investment group SoftBank Corp intends to increase its investments in Indonesia, said the group’s founder and CEO Masayoshi Son after a meeting with the country’s President Joko Widodo. “We don’t discuss the specific numbers yet, but new smart city, newest technology, clean city, with a lot of AI, that’s what I’m interested…
On Friday, BMW stated, it has sold 2.52 million Rolls-Royce, BMW, and Mini vehicles in 2019, topping the premium category car group, ahead of Daimler. On Thursday, Daimler had reported that it had sold 2.34 million Mercedes-Benz passenger cars in 2019 – its ninth consecutive year of record sales. In a statement BMW said in…
With Boeing Co releasing hundreds of internal messages surrounding the development of its simulators as well as its 737 MAX jet that it grounded in March 2019 following two fatal crashes, there has been a firestorm of outrage from U.S. lawmakers. In an exchange of instant messages between two Boeing employees in April 2017, one…
In a statement, Facebook Inc stated, it has tweaked its approach towards political ads and has introduced limited changes, which includes an option for users to turn off certain ad-targeting tools. Facebook has defied critics’ demands of barring political ads in its platform which often spew out fake news. Facebook, the world’s biggest social network,…
On Thursday, Aireon, a U.S. aircraft surveillance firm stated, it has collected the position data from the Ukraine International Airlines jet that crashed in Iran on Wednesday. Aireon is sharing this data with the appropriate authorities, said is spokeswoman. Aireon’s satellite-based global tracking system captures more detailed data than is available on commercial websites like…
On Wednesday, China’s central bank stated an application by a unit of American Express Co (AmEx) had been accepted. The status of the application was revealed in an official social media post from the People’s Bank of China (PBOC). The post did not elaborate on when AmEx can start operations in the country. In November…
On Wednesday, Mercedes-Benz and Zhejiang Geely Holding Group Co Ltd stated, they would each invest $388.77 million (2.7 billion yuan) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand. The 50:50 joint venture has already got regulatory approval and will be based in the Chinese coastal city of Ningbo,…
On Wednesday, Finablr Plc stated, its foreign exchange firm Travelex was forced to go offline due to a ransomware attack by a virus known as Sodinokibi. Travelex had contained the spread of the ransomware, which is also known as Revil, said UAE-based payment solutions Finablr while adding that it currently does not anticipate any material…
On Tuesday, Tesla Inc stated, it has started work on building its Model Y electric sports utility vehicles (SUV) at its $2 billion China factory in Shanghai. The development comes in the wake of Tesla starting to deliver its Model 3 sedans which were built at its Shanghai factory which was up and running in…
On Tuesday, Uber Technologies Inc and Hyundai Motor stated, they plan on a joint development of electric air taxis, as they push further to ease the menace of urban congestion. Hyundai is set to unveil its concept electric aircraft which it developed with Uber, at the Consumer Electronics Show (CES) in Las Vegas. The model…
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