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…
According to analysts, one of the factors for the success of Lyft’s initial public offering (IPO) at the stock exchange has been the “nice guy” image of the company compared to its bigger rivals Uber. The company has always attempt to portray itself as a company that cares more for its drivers, riders and the…
In a first of its kind, United States parcel delivering firm UPS has initiated the use of unmanned drones. The company said on Wednesday that it used remote controlled unmanned drones for the supply of medical samples for a North Carolina hospital system. The company said that this measure was a part of its long…
General Motors Co would indeed build a new Chevrolet electric vehicle in a project that would require investments of at least $300 million and would be undertaken in a suburban Detroit assembly plant, the company has confirmed. The company also added that about 400 new jobs would be created for the project. There has been…
Those high quality video games that gamers have traditionally have either had to download or purchase on a disc would now be offered by tech giant Google without the need for a disc or a gaming console. That would be done by the company through streaming the games over an internet connection, the company informed…
The profit outlook for 2019 was reduce3d for the second time in three months by FedEx Corp on Tuesday which resulted in its shares dropping by more than 5 per cent and raising already rife concerns about the company losing out market share to rivals in the delivery industry such as United Parcel Service Inc…
