The electric car makers of China are getting ready to expand into Europe following the growth in the largest auto market of the world last year. In the last few years, restrictions on full foreign ownership of local automobile production have been reduced significantly by Chinese authorities. However the government had also started preparing development…
The French car maker Renault reported its fifth straight quarter of dropping sales as the company struggles to get out of the slump caused by the Covid-19 pandemic with the company reporting a 1.1 per cent drop in revenues of the company in the three months to March this year. The current and changed strategy…
A new legal challenge is being faced by the Chionese owned short video sharing app TikTok form the former children’s commissioner for England Anne Longfield over the issue of the manner in which the app collects and uses children’s data. The legal challenge has been filed on behalf of millions of children in the United…
Two men died in a car crash that involved a Tesla Model S sedan which was reportedly running on auto pilot with no one on the driver’s seat – as the car left the road and crashed into a tree. The impact resulted in the battery of the fire being set on fire which burned…
Its consumer banking operations in 13 markets in Asia, Europe and the Middle East will be closed down by Citigroup, the company has said. Instead of having separate operations in these identified markets, its four hubs in Singapore, Hong Kong, the United Arab Emirates and London will be used to run these operations, said the…
The largest social media company of the world Facebook has announced that it has achieved net zero emissions which now pits the company to achieve its wider target of net zero emissions by 20203 for its entire supply chain. Over the past three years, it has managed to reduce its greenhouse gas emissions by 94…
After getting listed on Nasdaq through a SPAC merger worth $40 million earlier in the week, the ride-hailing to delivery giant of Southeast Asia – Grab Holdings, is reported to be considering a secondary listing in its home market of Singapore, said a report published by the news agency Reuters quoting information from sources with…
The most dominant ride hailing and food delivery company of South East Asia, Grab, is getting ready to get publicly listed in the United States in a deal which set the value of the company at almost $40bn. The company expects that the listing will allow it to raise as much as $4bn and it…
On Tuesday, in a significant development Southeast Asia’s biggest ride hailing and food delivery startup Grab Holdings Inc confirmed a merger with Altimeter Capital-backed publicly-listed shell company backed, marking the biggest ever deal with a blank check firm.
In a statement Microsoft Corp said, it would acquire artificial intelligence and speech technology firm Nuance Communications Inc for around $16 billion. The development sees Microsoft’s expands in the cloud solutions for healthcare customers. The deal comes in the wake of a 2019 partnership wherein both companies had partnered to automate clinical administrative work including…
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