Boeing had tried to woo Malaysia’s budget airlines to lucrative offers in order to extend its lead in the long-haul market. Tony Fernandes, the CEO of AirAsia Bhd group, stated that the Malaysian budget airline will stick with Airbus and has currently no plans on purchasing aircrafts from U.S. planemaker Boeing Co. “Boeing is keen…
Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
The power purchase deal is in line with Microsoft’s goal of powering at least 50% of its electrical load requirements of its global data center in 2018. On Thursday, Microsoft Corp stated it will buy solar power from the Singapore-based Sunseap Group. The deal marks the tech giant’s first such renewable energy deal in Asia.…
Adopting a strategy of open-source software is being followed by Amazon.com Inc. for its voice-based Alexa digital assistant so that car makers and others are able to easily place it in their cars and chose it before Google. A number of speech-recognition technologies are being targeted by Amazon so that a number of in-vehicle apps…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
High end rentals, bed and breakfasts, and boutique hotels are among the different lodging types are being added to its site by Airbnb. This is expected to make it easier for large groups to stay at a single place together for events like work trips, family getaways and weddings. A new ten-year roadmap was outlined…
The results of the survey is in sharp contrast to official data released by Britain. On Monday, in sharp contrast to downbeat official data released last weak by Britain, the country’s services sector reported its first rise in profits in more than two years. According to the Confederation of British Industry, the volumes and the…
The U.S. Energy Information Administration (EIA) predicts that there could be a decline of 40 per cent in the U.S. Strategic Petroleum Reserve (SPR) from the fiscal years 2022 till 2027. There can be a drop of as much as 100 million barrels in eh forthcoming decade in the SPR, calculated the EIA on the…
Analysts at IHS Markit see global autonomous vehicle sale touching 33 million units ub 2040, while Goldman Sachs has predicted that the ride-hailing market will grow 800% by 2030 and be five times the size of the current taxi market. In a strategic development, Nissan Motor Co has taken the first steps towards becoming an…
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