A new ‘flying taxi’ that can take off vertically form a static position could become the base for launching an on demand air service within six years, claimed a German start-up Lilium which unveiled this new vehicles. The new vehicle which has jets engines powered by electricity and has five passenger seats, would be able…
Nestle SA announced on Thursday that it is ha started a process of exclusive talks and negotiations with a consortium led by EQT Partners and Abu Dhabi’s ADIA for the possibility of the sale of its skin health business. It is estimated that any deal for the business unit would not be less than 10.2…
Antitrust authorities of the European Union have imposed a fine totaling 1.07 billion euros ($1.2 billion) on some of the major banks of the region which are Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland. The charge against the bank is that they had taken part in the rigging of the spot foreign…
The global supply chain of the Chinese telecom giant Huawei is set to be upended and the almost $105 billion business of the world’s top supplier of telecoms network equipment is set o be rattled by the decision of the United States to blacklist the company. Following an executive order issued by the US president…
A report published by news agency Reuters citing documents available with it, the United States electric car maker Tesla is selling over seas a “great majority” of the solar cells that it is manufacturing at its factory in New York rather than those being used majorly in the company’s trademark “Solar Roof” as had been…
Apple Inc had already warned its investors about the slowing down of demand for its iPhones while some of the companies in its iPhone supply chain also reported bad sale and reduced demands of iPhone parts. In the latest reports filed by two of the largest companies in the supply chain of Apple’s iPhones –…
China’s Huawei Technology is willing to sign a “no-spy agreement” with the British government so that UK authorities and politicians can be assured of the company that its technology would not be allowed to be used for surveillance, said the company chairman. Huawei had no intention of conducting surveillance on western consumers and that reports…
Human rights groups could have been the target the latest cyber breach according to WhatsApp. The messaging company said that it had found signs for the same as the malicious app originated from a government which was used for surveillance with the help of technology developed by a private company. Help for an investigation has…
A preliminary investigation into the alleged illegally filed that had been put together on behalf of the US pesticides manufacturer Monsanto related to the views and pliability of high-profile figures and media outlets numbering into hundreds. Te investigation has been initiated by French authorities according to reports. That Paris prosecutors office said that a complaint…
Uber’s public flat – the most anticipated tech stock IPO in the US since the Facebook IPO, failed to perform according expectations on Friday. According to data from Dealogic, Uber’s IPO performed fifth worst in 24 years according to at least one measure – the weakest one-day return by a company that had a value…
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