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…
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…
In a statement Air Canada Boeing Co said, a Boeing 737-8 Max suffered an engine issue en route between Arizona and Montreal, forcing the crew to divert the aircraft to Tucson, Arizona. Shortly after the take-off, the plane’s pilots received an “engine indication” and “decided to shut down one engine,” said a spokesman for Air…
On Friday, in a significant development, the Japanese government said it aims to eliminate gasoline-powered vehicles in the country in the next 15 years so as to reach net zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050. The “green growth strategy,” sees an increased adoption of hydrogen in…
In a statement, Nuro, a robotics company said it has received the first-ever permit to commercially deploy its self-driving vehicles in California. The development will allow the Silicon Valley firm to charge clients for its driverless delivery service. Nuro relies on remote human operators who control multiple autonomous vehicles from miles away; the step allows…
In a statement U.S. cybersecurity agency, Cybersecurity and Infrastructure Security Agency (CISA) stated, that the widespread cyber espionage campaign which was made public earlier this month is affecting state and local governments. The hacking campaign exploits vulnerabilities in U.S. tech company SolarWindss products as a springboard to penetrate federal government networks. In a statement, the…
In a statement LG Electronics Inc said, it has agreed to set up a $1 billion joint venture (JV) with automotive supplier Magna International Inc. The JV, tentatively called LG Magna e-Powertrain, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics.
