On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
Reports making the rounds that the credit card company Visa Inc was being investigated for by the United States over allegations that the company uses anticompetitive practices in the debit-card market were confirmed by the company on Friday with it saying that its debit practices were being investigated by the the S The Justice Department.…
The wealthy customers of the luxury sports car maker Lamborghini especially in China helped the brand to report record profits for 2020. This “raging bull” of the auto world managed to deliver 7,430 cars to customers during 2020 which was only 9 per cent lower than the record delivery done by it in the previous…
In a statement NASA said, it had signed an agreement with SpaceX aimed at avoiding collisions between their respective satellites. The agreement will enhance data sharing between NASA and SpaceX’s Starlink, a space internet venture, to ensure both parties are fully aware of the exact location of spacecraft and debris in orbit. “With commercial companies…
Alphabet Inc’s Google is set to invest $7 billion in data centers and offices across the U.S. in 2021, down from $10 billion last year; the move will create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The move will see the tech giant expand its data centers in…
In a statement Facebook Inc said, it is developing a wristband that would be able to control its augmented reality (AR) glasses that are scheduled to be launched later this year. Those wearing the band would be able to interact with the virtual world when they move their finger, said the company in a blog…
Work on a huge facility that would have the capacity to generate as much as 1 gigawatt of “blue hydrogen” by 2030 was being carried out by BP, the company said on Thursday. The so-called blue hydrogen is referred to that hydrogen that is generated using natural gas and the CO2 emissions generated during the…
British Airways-owner IAG will issue a bond in the hopes of raising about 1 billion euros ($1.2 billion) which the company says will help it to survive if the slump in the airline industry because of the Covid-19 pandemic continues for longer than expected. Following a year where there was almost no income because of…
On Thursday, Finnish telecom equipment giant Nokia said, it sees its comparable operating margin growing to 10-13% in 2023. Nokia made the statement ahead of presentations to investors later in the day that it expected to grow faster than the market in 2023.
The ride hailing company Uber has said that it will guarantee a minimum wage, holiday pay and pensions for its 70,000 drivers in the United Kingdom, but also assured customers that it will not result in a rise in fares. In a move that analysts said could be have wide ranging implications for the wider…
