The prototype of an unmanned electric vertical-takeoff-and-landing cargo drone was unveiled in Wednesday by Boeing, world’s largest aircraft manufacturer. The cargo air vehicle (CAV) is aimed at the future market for cargo and logistics and the craft has a carrying capacity of up to 500 pounds (about 450 kg), Boeing said in a statement. Boeing…
The tax cuts by the Trump administration will benefit the workers of Walmart. The U.S. based retailing giant, often criticized for its policies toward its employees, is planning to provide a one-off cash bonus to its employees in addition to starting to pay at least $11 an hour to the one million US workers of…
Despite its chief being behind bars, Samsung Electronics has shown no signs of being impacted business wise. On Tuesday, the South Korean tech giant announced that a record operating profit amounting to about 15.1 trillion Korean won (about $14.13 billion) was being expected by the company for the quarter ended December. While this figure was…
According to the PitchBook-NVCA Venture Monitor, 2017 was the year when the highest yearly amount of capital invested in the entrepreneurial ecosystem was made since the early 2000’s in the United States. The report from the agency says that there were 8,076 deals involving 8,035 companies with a total amount of investment of $84 billion by…
There are many ways that the global healthcare industry is being transformed. It is not only the rich and super-rich who have access to and adopting concierge medicine, but it is also not accessible by the not so rich who are seeking to attain a greater quality of care compared to what is typically available…
2017 was one of the bets years for the technology sector as it accounted for the six most valuable companies in the world. However, the year was also one which did not see much of large tech deals. However, experts are of the opinion that 2018 would be different. Robert Townsend, co-chair of global mergers…
The fear that a strain of a type of flu that was first witnessed to infect people in Australia during the 2017 winter in the southern hemisphere has forced a Catholic diocese in Northern Ireland to suspended the “sign of peace” handshake during the religious masses to eliminate the risk of infection. Compared to the number…
The global plug-in electric vehicles (PEVs) is poised to get into a phase off significant growth due to a number of events and incidents in the PEV market which include the development and launch of long-range battery EVs (BEVs) at prices below that of $40,000 price points. This was predicted in a research by a…
A Hong-Kong flagged ship was held in South Korea for allegedly breaching the UN sanctions against North Korea by transferring oil to a vessel from North Korea in October. The crew members were also held, said South Korea. A South Korean Foreign Ministry official said that the detained vessel named the Lighthouse Winmore allegedly transferred…
Austrian holiday airline Niki would be purchased by British Airways’ parent company IAG. The firm would pay €20 million ($24 million) for the insolvent Austrian flier. Additional liquidity of up to €16.5 million would be provided for the Austrian company by IAG, the company Also said. Following the exit and withdrawal of financial support from…
