The British car maker Rolls-Royce will customize its cars according to the wishes of a customer if the company executives like the ideas and if the customer is willing to shell out the additional money. This is a growing trend among ultra-luxury carmakers, including Bentley and Porsche that have started to work with a limited…
Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…
According to an e-mai, Apple Inc will delay the launch of its podcast subscription service until next month, following a few podcast creators having delay issues with their shows appearing on its platform after upload. Earlier this year in April, Apple had said it was introducing a service that would let podcast creators charge for their…
A resurgence of interest in the “lab leak” theory of the origin of Covid-19 has prompted the social media company Facebook to lift a ban on posts that claim that Covid-19 was man-made. Its new policy comes “in light of ongoing investigations into the origin”, said the company. Posts with such claims was explicitly banned…
The European Union has demanded millions of euros in penalties from AstraZeneca Plc if the company is unable to meet an urgent order for more doses of its Covid-19 vaccine as the bloc renewed its criticism of the British company over its vaccine supply “failure”. This is also the latest round of a bitter legal…
The football superstar and the brand ambassador of the United States based sportswear giant Nike Neymar allegedly “refused to co-operate in a good faith investigation” into an allegation of sexual assault against an employee and this the company has stopped working with Brazilian footballer, the company said. The alleged incident happened in 2016 and was…
The British auto data startup Wejo which is supported by the United States based auto giant General Motors Co, was accorded a valuation of $800 million including debt in a reverse merger deal with blank-check company Virtuoso Acquisition Corp for it to go public, the companies said on Friday. The companies added that the deal…
The Covid-19 crisis for the travel sector was prolonged BY overly risk-averse governments, said the chief of the global airline industry body IATA. He however expected that by the second half of the year, the outlook for the sector would brighten. Governments would start rolling back restrictions by positive data on vaccine effectiveness, expected the…
Implementing its strategy of shifting from oil and gas to renewable energy sources, the oil and gas giant Total will rebrand itself as TotalEnergies. In addition to approving the environmental goals of the company, shareholders of the company also voted overwhelmingly in favour of the rebranding move. “We want to become a sort of green…
On Friday, Japan’s Nikkei reported Nissan Motor Co along with its China-based battery maker partner Envision AESC group will build new battery plants for electric vehicles in Japan and in the United Kingdom; the duo are set to invest more than $1.82 billion (200 billion yen) to this end. The new plants are scheduled to…
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