The Russian government has announced the successful testing of an alternative to the global internet throughout the country. According to the Russian Ministry of Communications, no changes were visibly noticed by the ordinary users of new internet even though it did not offer much more clarity on the details of te test. Russian President Vladimir…
As per a report by Mastercard Inc, e-commerce sales saw record highs this shopping season in the United States, with U.S. shoppers preferring online sales to their brick-and-mortar counterpart. For retailers, the holiday shopping season is a crucial period for which can account for up to 40% of annual sales. This year, Thanksgiving, which traditionally…
The German luxury car maker confirmed on Monday that it was being investigated by the United States Securities and Exchange Commission. The company however did not provide nay details about the cause or the focus of the investigation. According to reports quoting sources who had knowledge of the purpose of the investigation, the manner in…
The uncertainty and debacle surrounding the 7373 Max planes of Boeing has resulted in the ouster of the company’s CEO Dennis A. Muilenburg on Monday. It was a about a week ago that the United States based plane maker announced it decision to suspend production of its troubled 737 Max airplanes that have been grounded…
A new 10 billion yuan ($1.4 billion), five-year loan facility will be given to the united States based electric car maker Tesla by a group of China banks as funds for developing the car maker’s Shanghai car plant, reported the news agency Reuters citing information from three sources familiar with the matter. The report, a…
On Monday, in a statement Roche said, it has entered into a $1.15 billion licensing deal with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United States. Roche will be making an upfront payment of $750 million in cash and $400 million…
Holiday gifts could get delivered by drones to homes next year. The race for development of commercial drone delivery systems and to make it a reality is hotting up with biggest players in logistics and packages in the world trying to outdo each other in this area. And “UPS and Alphabet have the early lead”…
The proposal of acquiring the United Kingdom based defence and aerospace company Cobham by a private equity firm of the United States has been approved by the UK government. The £4bn offer to buy Cobham announced by Advent International in July had been held up as the UK government wanted to review the deal because…
Following an influential parliamentary committee calling on Rome to block China’s Huawei to build Italy’s 5G telecom infrastructure, the country’s industry minister stated, Huawei should be allowed to bid for Italy’s 5G spectrum. “We have passed legislation that guarantees national security. With the right defenses, the possibility of (Huawei’s) access is not up for debate,”…
Funds worth more than $1 billion have been raised so far this year for its wind and solar business by the Indian startup ReNew Power. In addition to that being a sign of investor confidence in ReNew, one of India’s best performing unicorns, it is also being seen as a sign of the shifting of…
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