Three Chinese telecommunications companies are to be delisted by the New York Stock Exchange (NYSE) because of alleged links of the company to China’s military the NYSE has said. According to a statement released by the stock exchange, starting early January, the NYSE will stop trading of shares of China Telecom, China Mobile and China…
The United States based electric vehicle maker Tesla delivered 180,570 electric vehicles in the fourth quarter which was more than its previous record of deliveries as well as the estimates of analysts, the company said on Saturday. In total the electric automaker manufactured 179,757 vehicles in the year. A total of 499,550 vehicles were delivered…
In a significant development, Bitcoin extended its bull run smashing its previous record and surging over $30,000 for the very first time; investors and traders are betting that the digital currency is on its way to becoming a mainstream payment method. On Saturday, Bitcoin, the world’s most popular cryptocurrency traded as high as $33,099 with…
On Friday, in a statement Sony Corp said it will launch its PlayStation 5 (PS5) console in India in coming weeks; the development marks Sony trying to capitalize the pandemic-driven boom in gaming. “We are happy to announce that PS5 shall be launched in India on 2nd of February 2021,” tweeted Sony. Preorders for the…
On Friday, in a report Japanese news daily Yomiuri said, Nissan Motor plans on further cutting down its presence in the European car market; it plans on outsourcing the sales and manufacturing of its cars to Renault, its alliance partner. The move, part of its global turnaround plan, essentially reverses former chairman, Carlos Ghosn’s strategy…
On Wednesday, the price of bitcoin touched a record high of $28,599.99, taking this year’s gains past 295% amid heightened interest from bigger investors. Bitcoin, the world’s most popular cryptocurrency, was last up by 3.7% at $28,375; ever since it broke the $20,000 threshold on December 16, 2020, it’s price has surged. The cryptocurrency has…
In a statement China’s Sichuan Yahua Industrial Group Co Ltd stated, it has signed a deal to supply battery-grade lithium hydroxide to Tesla Inc for the next five years. According to a filing in the Shenzhen Stock Exchange, Yahua has placed the total value of the contract, signed by its wholly-owned subsidiary Yaan Lithium, at…
A federal judge has dismissed Apple Inc’s copyright infringement claims against a Florida startup which makes software to help security researchers find vulnerabilities in Apple products, including in its iPhone. U.S. District Judge Rodney Smith ruled in favor of Corellium LLC saying its software which emulates Apple’s iOS operating system that runs iPads and iPhones,…
SAP-owned Qualtrics International Inc, a seller of surveying software has filed for a U.S. initial public offering of up to $100 million. Tech stocks have largely outperformed the broader market this year. SAP had acquired Qualtrics two years ago for $8 billion. According to a regulatory filing the IPO will have two classes of common…
United States based electric car maker Tesla Inc will start operations in the Indian market next year, said the country’s transport minister Nitin Gadkariin an interview to the national daily the Indian Express on Monday. The minister told here the newspaper that the top electric vehicle manufacturer of the world will begin with sale of…
