It is interesting to note that Tesla is not sourcing its batteries from China but has instead opted to import them from South Korea’s LG Chem to keep its Gigafactory in Shanghai running. On Friday, as per a Bloomberg report report citing sources familiar with the matter at hand, Tesla Inc has agreed to purchase…
Potential headwinds include getting the consent of Volkswagen’s controlling Piech and Porsche families to fund the purchase of the stake. Denying a media report, which stated Volkswagen’s CEO Herbert Diess as wanting to purchase a stake in Tesla, the German carmaker stated, it was not interested in doing so. “The speculation about buying a stake…
Robocalls have emerged as the single largest source of complaints to authorities. In a significant development, the attorneys general from 50 U.S. states as well as from the District of Columbia stated, they are joining forces with major U.S. telecommunications providers, including Comcast Corp, AT&T Inc, T-Mobile Us Inc, Verizon Communications Inc, and Sprint Corp…
Failed negotiation between Sony Pictures and Disney has resulted in the exit of the friendly neighbourhood Spider-Man from the Marvel Cinematic Universe (MCU). The discussions between the two studios were being held for the renewal of the deal that would have enabled the web slinger to continue to appear in the money-minting MCU, according to…
The postponement of a trip to Denmark by the United States president Donald Trump, ostensibly because the European nation’s prime minister did not show interest in selling off Greenland to the United States has made many curious around the world. Postponement of the visit was announced by Trump on Twitter saying: “based on Prime Minister…
ICO Rating has neither admitted nor denied the SEC’s charge that it had included paid-for ICO reviews between December 2017 and July 2018. In a significant development, the U.S. Securities and Exchange Commission (SEC) stated, it has levied “a fine and has settled charges against a Russia-based ratings firm for failure to disclose payments it…
TriEye’s cameras, which uses short-wave-infra-red sensing technology, can see at night as well as in adverse weather conditions. Israeli startup TriEye, which has developed short-wave-infra-red sensing technology which enables cars to see in night time as well as in adverse weather conditions, has attracted $19 million in its latest funding round, which also saw the…
A new digital tax passed recently by the French government is being passed on to the French sellers by Amazon. The company largest e-commerce platform in the world is set to increase seller fees by 3 per cent for the thousands of small and medium-sized businesses in the country that make use of the platform.…
The wave of consolidation in the in the pub and brewing sector is continuing and the latest deal in this sector if the purchasing of pub giant and brewer Greene King by Hong Kong operator CKA. About 2,700 pubs, restaurants and hotels in total across the UK is owned and operated by Suffolk-based Greene King.…
Insomniac Games Inc is known for developing the Spider-Man game of which 13.2 million copies have been sold as of the end of July 2019. Sony Interactive Entertainment disclosed it would acquire privately held Insomniac Games Inc, known for developing games such as third-person shooter “Ratchet & Clank” and Marvel’s “Spider-Man” for an undisclosed amount.…
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