In a significant development, Honda Motor stated, it will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season and will instead focus on zero-emission technology. The development was made by Honda Motor’s CEO Takahiro Hachigo during an online news conference. “This is not…
According to sources familiar with the matter at hand, Roblox Corporation is working with investment banks for its potential market debut in the United State early next year, which could see the online gaming platform double its recent $4 billion valuation. Demand for video games has surged in the United States with consumers seeking home…
In a significant development, SoftBank-backed used-car platform Kavak has become Mexico’s first ever tech “unicorn”. The startup was valued at $1.15 billion in its latest funding round last month, said its CEO Carlos Garcia. Since its founding in 2016, Mexico City-based Kavak has raised more than $400 million in total funding with SoftBank, Greenoaks Capital…
On Thursday, U.S. electric vehicle maker Tesla Inc stated, it has trimmed the starting price for its China-made Model 3 vehicles by nearly 8% to $36,805.21 (249,900 yuan). The development comes in the wake of Tesla receiving subsidies from the Chinese government for its electric vehicles. Earlier the starting price for its Model 3 electric…
For those countries that has any intention of including telecom equipment manufactured by the Chinese firm Huawei in the creation of 5G networks, the Chinese company is willing and ready to be thoroughly examined so that it can be proved that none of its equipment that it could potentially supply poses no risk to any…
Royal Dutch Shell has already embarked on a strategy to shift its core business from oil and gas to low-carbon energy and as a part of that plan the company will be culling jobs of about 9,000 people – which is about 10 per cent of the company’s workforce, the company announced. These layoffs will…
A simple wave of the hand can now be used for making payment, according to an announcement by Amazon about its new payment system targeted for real-world shops. The new payment system is called Amazon One and it uses a scanner that cans and registers an image of the user’s palm. That is used later…
The death toll from the novel coronavirus pandemic crossed the one million mark on Tuesday which the World Health Organization (WHO) said was a “a very sad milestone”. The United Nations body said on Tuesday that the victims off Covi-19, the disease caused by the virus, suffered “a terribly difficult and lonely death” and their…
The decision of China’s Ping An Asset Management of increasing its stake in struggling British lender HSBC has provided a much-needed vote of confidence. The Chinese investor is the largest one of the bank. This came at a time when the bank was caught in the cross hairs of rising diplomatic tensions between the United…
The impact of the novel coronavirus pandemic surpassed the grim milestone of a total death toll of a million on Tuesday, according to official data, as the pandemic that first emerged in China at the end of last year, had devastated the global economy, has completely strained the health systems and changed the way people…
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