The global economy has already slipped into a deep recession which has also brought about dramatic shifts in consumer behavior, said Unilever, one of the biggest manufacturers of grocery brands in the world. “We believe that talk about a quick recovery is too optimistic. A deep global recession has already started and we are seeing…
Boost in demand for its cloud and remote collaboration tools because of the work from home orders issued during the novel coronavirus pandemic helped Microsoft to easily beat earning expectations by analysts for the latest completed quarter. For the three months ended in June, a 13 per cent year on year growth in revenues was…
Late on Wednesday, Tesla Motor’s CEO, Elon Musk announced that the company will build its $1.1 billion Cybertruck factory near Austin, Texas. Tesla’s 2,000 acre site on the Colorado River is around 13 minutes away from downtown Austin, said Musk in a second quarter earnings call. “It’s going to be an ecological paradise … open…
Bloomberg News has reported citing sources familiar with the matter at hand as saying, SoftBank owned Arm Holdings Ltd is drawing takeover interest from Nvidia Corp. Neither SoftBank nor Nvidia immediately responded to requests for comment. Arm declined comment. According to a report from the Wall Street Journal, SoftBank, which acquired Arm Holdings Ltd in…
On Wednesday, in a significant development, the Environmental Protection Agency (EPA) is likely to announce the first proposed U.S. emissions standards for commercial aircraft. The development comes in the wake of the U.N. International Civil Aviation Organization (ICAO) in 2016 agreeing on a global airplane emissions standards aimed at all airplane makers including Airbus SE…
In a significant development that underscores systemic issues that the Trump Administration is addressing with regard to it relations with China, the U.S. Justice Department has indicted two Chinese nationals over their role in the decade-long cyber espionage campaign that Beijing has been running while targeting commercial and defense companies. In the current charge, U.S.…
According to an official from China’s solar industry association, the country has produced 59 gigawatts (GW) worth of solar panels during the first half of the year, with production going up by 15.7% from a year ago. The Wuhan coronavirus appears to not have affected the sector in China. In an online briefing, Wang Bohua,…
In a statement, self-driving startup Aurora said, it is expanding the testing and development of its autonomous vehicles to Dallas-Fort Worth Area in Texas. Aurora is already testing its vehicles in the San Francisco Bay Area and Pittsburgh. It will test its fleet of Pacificas and Class 8 trucks in Texas. In June 2019, Aurora…
Spirit bottles that are completely based on paper and are 100 per cent plastic free, made from sustainably sourced wood, have been created for the first time in the world, claimed Diageo, the maker of Johnnie Walker, Smirnoff and Guinness, has claimed. The company said that the first use of this paper based bottle would…
Pressure by the United States over the future of the Chinese firm owned app TikTok in the US could jeopardize the plan of the Chinese firm to shift its international headquarters in the United Kingdom. Talks with the UK government to create a new international based HQ in London have been held by the Chinese…
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