Athene Holding Ltd will be acquired by Apollo Global Management Inc in an all-stock deal worth $11 billion which will result in adding an annuities provider to Apollo that had helped the company to become one of the largest corporate credit investors of the world. Athene has been paying annuities provider to Apollo for over…
According to one of the hackers who was involved in the breach, a small group of hackers were able to view live and archived surveillance footage from hundreds of businesses including that of Tesla Inc over the past two days. Hackers gained access to live footage after gaining administrative access to camera maker Verkada. Tillie…
In a significant development that spells fresh bout of legal trouble for social media companies, Russian authorities are suing have launched a complaint against five social media platforms for allegedly failing to delete posts urging children to take part in illegal protests. Russian authorities have filed cases against Facebook, Twitter, Google, Telegram and Tiktok for…
On Tuesday, France Digitale, the country’s leading startup lobby is preparing to file a complaint against Apple with French data privacy watchdog CNIL alleging that the iPhone maker breached European Union rules. France Digitale’s seven page complaint against Apple, is backed by most French digital entrepreneurs and venture capitalists; the complaint alleges that Apple’s latest…
The first ever tweet on the social media platform is up for sale. This was stated by the company’s founder Jack Dorsey as he listed his famous post – “just setting up my twttr”, to be sold as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs). The offers for…
In a significant development, the Volkswagen Group intends to more than double the market share of the VW brand in the fully electric vehicles market in Europe by 2030. The development marks an acceleration in the carmaker’s shift towards battery-powered cars. “Fully electric vehicles are expected to account for more than 70% of total European…
In a statement, Dassault Aviation’s CEO said, the company expects to deliver the first Falcon 6X business jet towards the end of 2022. It will also make an announcement on Future Falcon in the coming “months or even weeks”. The Future Falcon line is Dassault Aviation’s initiative to refresh its civil line-up. Eric Trappier, Dassault…
Italy has reportedly blocked a shipment of the AstraZeneca-Oxford’s Cvoid-19 vaccine to Australia on Thursday marking the first intervention by the European Union into the supply of coronavirus vaccines, claimed a report by Reuters. Permission to ship around 250,000 doses of the vaccine from its Anagni, Italy, plant was made by the British pharma giant…
The United States electric car maker will now play the role of a technical partner in a nickel mine – a mineral that is an essential requirement for making of lithium-ion batteries which power electric vehicles. With the aim of securing long term supply of the metal usually in short supply, Elon Musk’s car company…
According to a report from the BBC, the Volkswagen Group along with Porsche, are weighing options to enter Formula One provided the next engine regulations, which are scheduled to be introduced in 2025, promote sustainable fuels. Porsche Motorsport’s vice-president Fritz Enzinger has been quoted as saying, it would be “of great interest if aspects of…
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