According to the Bloomberg Billionaires index, which tracks the 500 wealthiest people in the world, the net worth of Tesla CEO reached $127.9 billion on Monday, with the shares of the electric vehicle maker reaching a record high. This sudden increase in Musk’s net worth made him the second-richest person of the world, beating Bill…
After almost 2,500 of its employees tested positive for Cvoid-19, more than half of its factories will now be shut down by the largest maker of latex gloves in the world. Authorities said that in order to bring the pandemic spread under control, 28 plants of Malaysia’s Top Glove will be closed down in phases.…
On Tuesday, in a significant development, the price of Bitcoin touched its all-time high of $19,000 for the first time in around three years. Bitcoin, the world’s most popular cryptocurrency was last up by 3% at $18,918, near its all-time record of $19,666. In November, its price jumped by 40% and is up by around…
In a significant development, the British government is set to pass a bill which will see British telecoms companies facing a fine of up to 10% of their turnover or $133,140 (100,000 pounds) a day fine, if they contravene a ban on using equipment made by China’s Huawei Technologies Co Ltd. The Telecommunications (Security) Bill…
On Tuesday, Nissan Motor Co Ltd stated, starting from next month, it will sell a redesigned version of its best-selling Note compact car in Japan, which will feature new hybrid drive technology. The move is aimed at winning market share from Honda Motor Co Ltd and Toyota Motor Corp. The Note’s first full model change…
Misinformation and conspiracy theories around Covid-19 vaccinations will not attempted to ne dispelled by tech companies including Facebook, Twitter and Google together with governments including the United Kingdom and Canada. Standards for tackling misinformation across the various digital platforms and how organizations accountable for their failure to do so can be held responsible is being…
In a statement, social media giants, Facebook Inc and Twitter Inc said, they will transfer control of the @POTUS account to the Joe Biden administration on January 20, 2020. On both social media platforms, the @POTUS account is the official account of the President of the United States and is separate from the @realDonaldTrump Twitter…
Facebook has been criticised by iPhone maker Apple for trying to “collect as much data as possible” from users. Despite objections from the advertising industry, Apple will march ahead with its plans for launching of a new privacy feature, the iPhone maker said. This criticism was made in a letter to a coalition of privacy…
Despite the United States based aircraft maker Boeing is close to getting back into the air its grounded 737 Max planes, there are a host of other challenges awaiting the company in the critical aviation market of China. There has yet been no word from the Civil Aviation Administration of China (CAAC) about allowing a…
Following the approval to flu in the skies again to Boeing’s 737 Max passenger jetliner planes by the regulators in the United States, the same is set to be done by regulators in Europe in January. The planes have been grounded for 20 months now after two deadly crashes involving the planes in which 346…
