The price of cryptocurrencies surged yesterday, with Bitcoin rising as much as 20% in Asian trading. It marked its biggest 1 day rise since April 2018. The price of bitcoin briefly hovered around $5,000 on Tuesday – its highest level since late November 2018. The price of other cryptocurrencies also surged. On the Luxembourg-based Bitstamp…
Tesla has agreed to pay $31,000 in fine and has agreed to buy emergency response equipment worth $55,000 for its Fremont, California factory. As per a statement from the EPA, Tesla Inc will pay a $31,000 fine and will purchase $55,000 in emergency response equipment for a California city under a settlement reached with it…
The two Boeing jets were fitted with the latest version of Trent 1000 TEN engines from Rolls-Royce Holdings PLC. Singapore Airlines Ltd has grounded 2 Boeing Co 787-10 jets sporting Trent 1000 TEN engines from Rolls-Royce Holdings PLC following a checking of its fleet wich resulted in the finding that blades had deteriorated prematurely. In…
Gavin De Becker, a longtime security consultant, who is the security chief for Amazon.com’s chief executive Jeff Bezos has concluded that the Saudi Govt accessed and gained private information from it. He has handed over the findings of his investigation to U.S. federal officials. Gavin De Becker, a longtime security consultant, who is the security…
The report from the National Enquirer is in stark contrast to Bezos’ security chief, Gavin De Becker who had reported that the government of Saudi Arabia had accessed Bezos’s private information from his phone. As per a report from the publisher of the National Enquirer, the tidbits on the private life of Jeff Bezos,…
The US stock market enjoyed the success of the much awaited IPO from Lyft, the first of the startup unicorns to go public for the first time. The market is expecting a slew of similar tech stocks to hit the market where in each of the companies that are still privately held and backed by…
A drop in the prices in the global market for memory chips and a slowdown in demand for display panels has forced South Korean tech giant Samsung to announce a surprising profit warning. This announcement by one of the largest tech firms of the world also indicates the tough times that technology companies are facing…
Following the much talked about Paris global environmental summit, there has been a growing awareness about the harmful effects of plastic. There are also concerns among regulators, government, people and even among some companies about the threat posed to the environment form single use plastics that such as soft drink bottles which simply get dumped…
Lyft’s IPO, has set the stage for its much bigger rival, Uber Technologies, whose IPO is slated for launch in April 2019. In a significant development, Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup. Lyft raised more money than it had set off to since…
Monsanto has been held liable for the causing of cancer in a California man by a US federal jury which has ordered the company to cough up $80m in damages. The ruling was passed by the court on Wednesday in which the company was held responsible for development of cancer and risks of cancer development…
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