The ride-hailing company Grab has decided to get in to the business of digital banking and it has announced that it will be applying for a digital full bank license in Singapore in partnership with the country’s major telecommunication services providers, Singtel. According to a joint statement of the companies, the new consortium that would…
This holiday season has been another record-setter for Amazon, said that largest e-commerce company of the world. The year has also been a good one for the overall retail sector in the United States which indicated that the economic growth of the US economy still is still set to continue for some more time. The…
The international military equipment market is sizzling, with rearmament phases occurring in many countries, and constant increases in technological capacities. But military potential is not limited to industrial capacity to build equipment, as industries also need to develop their capacity to sell their products. Local partnerships, so far, seem the best way to guarantee the…
The announcement of a leadership shuffle at the arts and crafts retailer Michaels saw its shares rise by more than 32 per cent. The company has announced the appointment of Walmart executive Ashley Buchanan as a replacement for its new CEO Mark Cosby. The company said that while Cosby will stay on through April 1…
The German auto giant and the largest car maker of the world Volkswagen is set to achieve production of its millionth battery electric vehicle two years before the time that the company had set for itself, according to the forecasts of the company. Analysts said that this was a clear evidence of the positive result…
The deal for purchasing a stake in the British food delivery company Deliveroo by the United State based e-commerce giant Amazon will face an in-depth investigation by competition regulators in the United Kingdom. The Competition and Markets Authority (CMA) had said this month that the Amazon-Deliveroo deal could harm British consumers. However despite the comment…
Hundreds of crypto-currency related channels have been reinstated by YouTube after the social media platform admitted that those channels had been removed “in error”. Earlier this week, notifications about their videos have breached of the social media platform’s terms of service were received by a large number of YouTubers. Apparently, this move by the company…
On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…
On Friday in a statement, the Commercial Aircraft Corp of China Ltd (COMAC) stated, the sixth prototype of its home-built C919 narrowbody passenger plane has completed its first test flight. The prototype of the C919 is the last test plane COMAC had planned for the program; it was scheduled to fly before the end of…
GlaxoSmithKline is now taking course in cutting-edge computing to develop medicines in the future and is set to make extensive use of artificial intelligence. It plans to recruit 80 AI specialists by the end of 2020. But recruiting enough AI researchers and engineers from areas such as Silicon Valley is proving to be a challenge…
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