On Tuesday, in a statement, Starlink’s president Gwynne Shotwel said, the company expects to be able to provide continuous global coverage of internet services by around September, subject to regulatory approvals. “We’ve successfully deployed 1,800 or so satellites and once all those satellites reach their operational orbit, we will have continuous global coverage, so that…
In a statement, Volkswagen’s sports car unit Porsche AG said it is setting up a joint venture with Customcells to produce high-performance batteries which purportedly will significantly decrease battery charging times. The statement mentions that the partnership with Customcells, a company which specializes in producing lithium-ion cells, is aimed at producing car batteries with higher energy…
In a statement Boeing said, it will integrate an anti-jamming system developed by Israel’s Elbit Systems into a fleet of F-15 fighter jets which it will sell to a yet-to-be disclosed customer. “The Immune Satellite Navigation System ensures uninterrupted GPS operation, providing full jamming immunity for multiple satellite channels and can handle multiple interfering signals,”…
According to sources familiar with the matter at hand, Alphabet’s Google is likely to face its most significant regulatory threat from EU antitrust regulators, who are set to open a formal investigation into its digital advertising business by the end of 2021. In the last decade, the European Commission had fined Google more than $9.8 billion…
The final regulatory approval for a partnership of the global classified ads businesses of Norway’s Adevinta and the United States based e-commerce group eBay have been granted to the two companies, the Norwegian firm said in a statement on Friday. This deal between the two companies was struck last year and it encompasses Adevinta acquiring…
The auto maker Volvo now plans to build its vehicles using steel that is manufactured through process that does not use fossil fuels by 2026. This is a part of a deal that could help the company to significantly reduce its carbon emissions from its vehicle manufacturing process. A letter of intent for commercialization of…
The United States based lending giant JPMorgan Chase is poised to make a large expansion in the retail banking space kin the United Kingdom and the US bank has now purchased the biggest digital wealth manager Nutmeg of Britain as a part of that expansion strategy. Nutmeg said in a statement that it currently has…
Current CEO of Microsoft Satya Nadella has been selected to become the chairman of company, the tech giant said on Wednesday and will replace independent director John Thompson through a unanimous voting at the board of the global software company. This appointment also reflects the success that Nadela had achieved as the CEO of the…
The revenue for 2020 amassed by the Chinese owner of TikTok, ByteDance, more than doubled, said reports quoting sources with knowledge of the matter. According to the reports, the senior management at the company told employees in a company-wide meeting that it had generated revenue of $34.3 billion in 2020 which marked a growth of…
According to reports in local newspapers in South Korea on Wednesday, the South Korean business of eBay will sold by the American company to local retailer Shinsegae Group’s e-Mart Inc and web portal operator Naver in a deal worth about 4 trillion won ($3.6 billion). According to Euromonitor, with a market share of about 12.8…
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