In a statement the head of cyber security at the United Arab Emirates stated the Arab state is facing increased incidents of cyber attacks after establishing formal ties with Israel. In August, breaking a decades old policy, in a landmark shift the UAE agreed to formally establish diplomatic ties with Israel, Following the move, Bahrain…
In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
Tech giants will have to change how they promote themselves, suggested the European Union’s competition chief with the bloc preparing to amend its competition regulations. A complete overhaul of digital regulation is expected to be announced by the EU later this month. It is expected that the new changed regulations will target the business models…
In a significant development, U.S. President Donald Trump has signed an executive order setting the stage for increased usage of artificial intelligence in the decision making process of federal agencies. In a statement, the White House said, it was setting nine principles for the design, development, acquisition and usage of artificial intelligence in government departments.…
About $24 million is being planned to be invested in the development of “e-fuels” by the German auto maker Porsche. According to experts, ‘e-fuel’ is a climate-neutral fuel and is viewed as a replacement of gasoline for nonelectric vehicles. Development and mass production of such fuel will give a means to the German company as…
ExxonMobil has announced a dramatic mark down in the value of its natural gas assets, hitting the company already embattled throughout 2020. And with the company forecasting a more muted oil price recovery, the company also pledge to sharply reduce its spending ambitions. Incurring a non-cash charge of between $17 billion and $20 billion is…
According to sources familiar with the matter at hand, Amazon.com Inc is in talks to acquire podcast startup Wondery which has a valuation of more than $300 million. Sources have cautioned that negotiations are ongoing and there is no certainty that a deal will be struck. Last month, Bloomberg News had reported that both, Sony…
Uber Technologies is in advanced talks to sell “Uber Elevate”, its air taxi business, to aerospace firm Joby Aviation said sources familiar with the matter at hand. Uber did not immediately respond to requests for comments. With the news reaching the market, Uber’s shares rose by more than 6%. Earlier this year in January Hyundai…
On Thursday, during a news conference, Katsunobu Kato, Japan’s chief spokesman for the government stated, the trade ministry is weighing options to support a shift to electric-powered vehicles and will map out a plan by the end of this year. Japan plans on stopping the sale of new gasoline powered cars by mid-2030s in favour…
Singapore has given the go-ahead to Eat Just, a U.S. startup, to sell its lab-grown chicken meat to consumers, marking the first regulatory approval for the so-called clean meat since it does not come from slaughtered animals. Demand for alternatives to meat is surging following consumer concerns about animal welfare, health and the environment. Plant-based…
business-gurus.com 