In a significant development, a group of major U.S. utilities which includes Uber and Tesla said they are launching a new lobby group which will lobby for national policies to boost the adoption of electric vehicles. The lobby group named Zero Emission Transportation Association, aims to boost the adoption of consumer electric vehicle and encourage…
Twitter Inc has announced the global launch of a new feature – tweets that disappear after 24 hours. The feature has similarities with Snapchat’s stories, and Instagram’s status feature. “Some of you tell us that Tweeting is uncomfortable because it feels so public, so permanent, and like there’s so much pressure to rack up Retweets and…
All of the 34 per cent of stake that the Japanese auto maker Nissan Motor has in its Japanese counterpart Mitsubishi Motors is being planned to be sold out by Nissan, according to reports in the media quoting sources with knowledge of the matter. Analysts said that this move by Nissan, if actually true and…
In a significant development, SpaceX, Elon Musk’s rocket company launched four astronauts into space on a flight to the International Space Station on Sunday marking NASA’s first full-fledged mission sending a crew into orbit aboard a privately owned spacecraft. SpaceX’s Crew Dragon capsule, dubbed Resilience, lifted off on top of SpaceX’s Falcon 9 rocket at…
At a time when the services of the firm are in high demand because of the pandemic raging through most of the world, the on-demand food delivery company DoorDash is getting ready to get itself publicly listed. While claiming that it has generated $1.9 billion in revenue in the first nine months of this year…
A special license was granted to Qualcomm Inc on Friday by the United States government allowing the company to now sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd in what is an exemption to trade restrictions imposed by the Trump administration on the Chinese firm as trade and geopolitical tensions increase between…
A strong demand for its trucks resulted in a much larger profit than Wall Street was forecasting which pushed the United State based auto giant back into the path of profitability in a big way in the third quarter. Profits of $2.6 billion excluding special items was reported by the company which was almost twice…
United State based aircraft maker Boeing has surprisingly increased its industry wide Chinese sales forecast for a period of the next 20 years to a level that is higher than even the pre-Covid-19 levels despite very frim global estimates of demand for new aircraft to remain very slow for decades due to the hit of…
In a development that underscores cost cutting measures adopted by Amazon.com Inc, the e-commerce giant said it has shifted some computing power for its Alexa voice assistant to its own custom-designed chips, away from chips supplied by Nvidia Corp. When consumers ask devices equipped with Alexa, including Amazon’s Echo line of smart speakers, a question…
New record in terms of revenues from sale were set by Chinese e-commerce giants Alibaba and JD.com for the Singles Day shopping event with a total of $115 billion in sales across their platforms. The Singles Day event, also known as Double 11 because it happens on November 11, was extended this time not by…
