There were “clear similarities” with October’s Lion Air crash and the Ethiopian Airlines crash, which killed all 157 people on board, Ethiopia said on Sunday. The analysis of the black boxes recovered from the crash site of the March 10 disaster has revealed this information. The latest version of Boeing’s profitable 737 model’s fate hangs…
According to a statement from the World Intellectual Property Organization (WIPO) on Tuesday, last year, more than half of the total applications for international patents were applied for by companies and individuals from Asia and the highest among them was by Chinese telecoms giant Huawei. In 2018, 5,405 patent applications to the U.N. body was…
The operations of Norsk Hydro, one of world’s biggest producers of aluminum, have been affected. On Tuesday, Norsk Hydro, one of the world’s biggest producers of aluminum, stated it was subject to a sustained cyber attack that affected its operations. The development sent its shares plummeting downwards, “IT-systems in most business areas are impacted and…
Lyft’s IPO is on track to be the biggest U.S. technology IPO since Snap Inc’s in 2017. In a significant development, Lyft Inc has kicked off its investor road show ahead of its initial public offering and is chasing a valuation of up to $23 billion as it woos money managers ahead of rival Uber…
Apple is scheduled to launch its own TV and video services on March 25, 2019. The move will naturally amp up competition in this segment. Reed Hastings, Netflix’s Chief Executive has made it lucidly clear that it will not make its TV shows and movies available through Apple Inc’s upcoming video offerings. “We prefer to…
The development assumes significance as it marks Hyundai’s forray into fleet vehicles. In a move aimed at helping Indian ride-hailing platform Ola catch up, South Korean automakers Hyundai Motor Co and Kia Motors Corp stated, they will invest a combined total of $300 million in Ola. The move follows the $275 million that the pair…
Following media reports that the United States based aircraft manufacturer Boeing was set to issue a software upgrade for its 737 Max aircraft in 10 days resulted in an increase in the shares of the plane manufacturer. It is expected that the planned changes to its anti-stall software for its 737 Max aircraft of Boeing…
A super computer that would have the processing power of 10,000 trillion calculations every second would be built at the University of Edinburgh in Scotland, Britain, after the varsity secured a funding of $104 million last week for the project. The announcement of the funding was made by Britain’s Chancellor of the Exchequer Philip Hammond…
Japan’s Nissan and France’s Renault have agreed to strategically retool the alliance so as to put themselves on a more equal footing. In an interview to Le Figaro, Renault’s chairman Jean-Dominique Senard drew attention to the fact that Renault and Nissan must streamline decision-making; he also mentioned that boosting the companies’ cross-shareholding is not currently…
Boeing updates target the 737-8’s flight control system, which is also known as MCAS (Maneuvering Characteristics Augmentation System). Following two fatal crashes in the last 5 months, Boeing Co stated, it was finalizing the development of a software upgrade and a revision of pilot training for its 737 MAX. The updates target the aircraft’s flight…
