The European Union has pulled up car manufacturers from Germany allegedly for engaging in collusion for not allowing technology that helps in reduction of harmful emissions from vehicles dissipate for broader use by the auto industry. Three giants of the German auto industry – Volkswagen, BMW and Daimler, have been identified for this charge by…
A preliminary report of the crash of a Boeing 737 Max plane of the Ethiopian Airlines last month claims that before the craft crashed to the ground killing all on board, it had nosedived a number of times. According to the first official report into the disaster, the pilots “repeatedly” followed procedures as stated by…
The first quarter saw a bigger-than-expected drop in its deliveries, dominated by fall in demand for its luxury Model S and X vehicles of Tesla which raised questions about the finances of the company. The investors also reacted resulting in a 11 per cent drop in its shares on Thursday. Following the company reporting drop…
Data from the EU’s Transport & Environment group has shown that the oily airline to be included in the list for the top 10 polluting sources in Europe is Ryanair. This is also the first time that a company that does not use coal as a source of power has been included in this list…
The City regulator had brought in charges of misreporting millions of transactions over a decade against US bank Goldman Sachs and following which the investment bank has been fined £34.4 million. The Financial Conduct Authority of the United Kingdom has severely criticised the US investment bank for “serious and prolonged failures” of disclosure related issues…
The US stock market enjoyed the success of the much awaited IPO from Lyft, the first of the startup unicorns to go public for the first time. The market is expecting a slew of similar tech stocks to hit the market where in each of the companies that are still privately held and backed by…
Following the much talked about Paris global environmental summit, there has been a growing awareness about the harmful effects of plastic. There are also concerns among regulators, government, people and even among some companies about the threat posed to the environment form single use plastics that such as soft drink bottles which simply get dumped…
