Renewal of license to carry passengers in London has been denied to the ride sharing company Uber. This is the second time in two years that such as step has been taken by the London transport authorities. The cancellation is pending an appeal over a “pattern of failures” on safety and security. While making the…
The debacle at the launching of Tesla’s latest electric vehicle has not only hit the company’s prospects at the share market but has also brought down the personal wealth of Tesla chief Elon Musk by millions of dollars in just a single day. The incident where in the so called unbreakable window glass of the…
After taking control of the office space sharing firm WeWork by the Japanese investment conglomerate SoftBank, the US firm has said that about 2,400 employees of the company would be laid off globally as a part of its larger strategy of reducing costs and embarking on a path to achieve profitability after the failed IPO…
The bid for British food delivery service Just Eat by the Takeaway.com presents “significant risks” for shareholders, alleged technology company Prosus, which is a rival suitor for Just Eat, on Wednesday. These comments made by Prosus’s against Takeaway were made after a period of two crucial week during which the share price of Takeaway has…
Despite the global grounding of Boeing’s 737 Max planes, the United States plane maker bagged big orders for the planes as various airlines announced plans to order up to 50 of the jets worth $6bn at the Dubai airshow. A letter of intent to order 30 Boeing 737 Max 8 planes for its FlyArystan subsidiary…
An official memo and a video message from the head of the United States Federal Aviation Administration to his team sent on November 14 said that the safety certification team should “take whatever time is needed” for reviewing the flight safety status of Boeing Co’s 737 MAX, claimed a report published by Reuters on the…
Fearing that a fault in its cars could result in fires has resulted in a recall of hundreds of thousands of its cars in the United States by the Japanese car maker Nissan. According to the documents that were sent by the Nissan Group of North America to the National Highway Traffic Safety Administration, the…
The fact that the large German car makers are finding it difficult to make large investments in electric car technology became evident as Mercedes-Benz said that it plans to save €1.65bn through retrenchment of more than a thousand jobs in its various locations. All of the major global auto companies are under pressure because of…
A partnership with the Chinese tech firm Tencent has been struck by British luxury brand Burberry with the aim of initiating a new and aggressive digital marketing and sales strategy for attracting customers in Chinese market who is characterized as being very tech and social media savvy, Burberry said on Thursday. China is a critical…
The uncertainty over Brexit has affected economic growth in the United Kingdom and has slowed down investment from businesses. Now the UK was recently dealt another blow because of the Brexit uncertainty, even as the country prepares for the third general elections in four years, with the United States based electric car maker Tesla choosing…
