International efforts to tackle global climate change and increased poverty around the world could be derailed because of the risks of a sharp slowdown of the global economy in 2020, warned the United Nations. This was said by the premier global body in its flagship report before the annual gathering of world leaders in Davos…
A pledge to remove “all of the carbon” that it had emitted into the environment since it was founded in 1975 has been just made by Microsoft. Making this announcement, Microsoft Chief executive SatyaNadella said that this target would be achieved by the company by 2050. To achieve that feat, Microsoft would strive to turn…
A drop in demand and sale of its vehicles in China, the Middle East and Africa were blamed by the French carmaker PSA Group for a 10 per cent fall in its sale for 2019, the company announced on Thursday. It said that it had sold 3.49 million units in last year compared to sale…
A study published by the activist group Avaaz claimed that climate misinformation was being founded by some of the biggest companies in the world through advertisements on video sharing social media platform YouTube. Climate misinformation was actively being promoted by over 100 brands through advertisements running on YouTube videos on the site, the group found.…
On Thursday, in a joint statement, South Korea’s Hyundai Group and its sister firm Kia Motors Corp stated, they are backing a UK electric vehicle startup that plans on selling battery-powered delivery vans in 2021. They plan on investing $110 million (100 million euros) in Uk-based Arrival Ltd. Founded in 2015, London-based Arrival has developed…
On Wednesday, Amazon’s founder and CEO Jeff Bezos said, the world’s largest online retailer will invest $1 billion in digitizing small and medium sized businesses in India and expects to export $10 billion worth of India-made goods by 2025. Speaking at a company event in New Delhi, Bezos opined the 21st century is “going to…
On Wednesday, Hyundai Motor Co unveiled its first sport-utility vehicle (SUV) under its Genesis brand in a move aimed at increasing its footprint in overseas markets, said analysts. Genesis, spun off in 2015, is an initiative of Hyundai Motor Group heir-apparent Euisun Chung, is aimed at revamping Hyundai’s image as an automaker which makes cost…
As per a report from the Guardian Newspaper, officials from the U.S. government have provided the British government with additional newer evidence concerning the risks of involving Huawei in developing its future 5G mobile networks. Ahead of Britain’s decision to include Huawei in developing its 5G networks, officials from both countries exchanged views on whether…
In a statement Visa Inc said, it has agreed to acquire privately held fintech startup Plaid Inc for $5.3 billion. The deal will increase Visa’s footprint in the booming fintech space. The deal underscores how traditional financial companies are willing to pay top dollar to acquire businesses which have established strong positions in the cashless…
According to news report published in Japan, there are concerns at the Japanese auto major Nissan that its relationship with the French auto giant Renault have turned dysfunctional following the arrest and ouster of Carlos Ghosn, the boss of both the companies, and as such executives at the Japanese company have contemplated the potential of…
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