Japan’s financial regulator is pushing to improve internal security in the country’s cryptocurrency exchanges. On Tuesday, in a development that marks Japan’s intent to increase its oversight of cryptocurrencies, Japan’s financial regulator stated, cryptocurrency exchanges will now require to strengthen internal oversight of “cold wallets” used to store digital money, said a source with direct…
The statement from the CFO of the Bavarian carmaker puts to rest rumours of deepening its alliance with rival carmaker Daimler. On Tuesday, Nicolas Peter, BMW’s Chief Financial Officer (CFO) stated, it does not foresee a joint development with of a compact vehicle with a rival German carmaker. “We have no plans to develop a…
The Mercedes EQB SUV will be an electric vehicle. Daimler’s CEO made this comment on the sidelines of the Shanghai Autoshow. On Tuesday, Dieter Zetsche, Daimler’s CEO stated, the carmaker plans on launching an electric compact sport utility vehicle in 2021. It will be called the Mercedes EQB. Zetsche made this comment at a press…
Volkswagen is aiming big for the burgeoning electric car market. It is not only retooling 16 of its plants to produce electric cars, it is also pushing its battery partners to to invest heavily in battery cell manufacturing. In a significant development of strategic importance, Volkswagen is pushing its joint venture partners including SK Innovation…
The move drips of abundant caution on Lyft’s part which is slated to deploy a new electric bike model soon. As per a statement from Lyft Inc, the firm is removing several thousand electric bikes from service in its bike-share program from Washington, New York, and San Francisco. The development comes in the wake of…
Concerns among analysts about the slowdown in global economy would weigh down on its results were negated by JPMorgan Chase & Co as it reported a better-than-expected quarterly profit for the first quarter of the current year. Good performance across its business sectors was shown by the largest U.S. bank by assets. The performance was…
A number of industries have been affected by a major helium shortage and there is no clarity on how the issues would be resolved. While it is best known among the public of being used in balloons, this naturally occurring gas is also very important in a number of medical and aerospace technologies which includes…
European airplane maker Airbus embarked on an effort to achieve a simplified management structure under its new Chief Executive Guillaume Faury as the new e3xecutive sought to make his [personal imprint on the company. He also announced a plan to modernize its factory modernisation. These measures, announced on Thursday, are believed to being made in…
The launch demonstrates SpaceX’s capability as well as Elon Musk’s entrepreneurial acumen. It will go a long way to garner lucrative satellite launch of military satellites, worth billions of dollars. In a significant development, SpaceX’s Falcon Heavy, the most powerful operational rocket in the world, lifted off from Florida in a key demonstration of Elon…
Tesla disclosed every car in its stable will feature its autopilot software. If ordered online, its lowest-priced Model 3 in the U.S. will cost only $39,500 for the Model 3 Standard Plus. In a development that aims to attract more cash in its coffers and expand its customer base, Tesla Inc on disclosed it has…
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