In a statement, Cruise, General Motors’ self-driving car unit said, it has unveiled an electric vehicle without any steering wheel or pedals for use in its planned autonomous ride-sharing service. Cruise did not disclose when the car will go into production. The vehicle, named “Cruise Origin”, was developed with Honda Motor Co Ltd following the…
Midst growing debate over the future of money, major central banks across the globe are looking at a possibility of issuing their own digital currencies, said the European Central Bank and the Bank of England. “The central banks of Britain, the euro zone, Japan, Sweden and Switzerland will share experiences in a new group headed…
In a statement, Facebook’s Libra Association said, Britain’s Vodafone Group PLC has left its global digital currency initiative. In recent months, Facebook’s digital currency has seen an exodus of its backers midst increased regulatory scrutiny, including financial companies such as Mastercard Inc and Paypal Holdings Inc. In June 2019, Facebook had announced a plan to…
The social media company Facebook is set to add 1000 more employees to its already more than 3000 strong workforce in the United Kingdom by the end of the current year, the company has said. An announcement to this effect is slated to be made soon by the social media giant’s chief operating officer, Sheryl…
Growing concerns of the countrywide spreading of the new coronavirus in China has resulted in a sharp increase in the stock price of Chinese drug makers. Rise of more than the 10 per cent daily limited was recorded by a number of Chinese pharmaceutical giants on the Shanghai and Shenzhen stock exchanges. This sudden change…
At the beginning of a legal hearing in Canada against Huawei executive Meng Wanzhou, her lawyers described the charges of breaching of Iran sanctions against her as being a “fiction”. Meng is facing a trial in Canada, where she was arrested at the behest of the US, over her extradition to the US. The United…
In a statement, Tesla Inc responded to the National Highway Traffic Safety Administration (NHTSA) statement saying there was no unintended acceleration in its vehicles. The development comes in the wake of the U.S. regulator saying it would review a petition and release a redacted version of a complaint which alleged that 500,000 “Tesla vehicles experience…
In a statement, French President Emmanuel Macron stated he has had a “great discussion” with U.S. President Donald Trump regarding the introduction of a digital tax planned by France; both countries have agreed to collaborate and avoid further rise in tariffs. According to aa French diplomatic source, Macron and Trump have agreed to hold off…
One can now use the Windows operating system from Microsoft confidently after the United States based software giant said that it had plugged the loophole that was identified in this widely used Windows operating system all across the world. The National Security Agency of the US was the first to alert the company about the…
The word “Fox” has been removed from the name 20th Century Fox film studio by executive at Disney which, according to analysis, has been done in an effort to distinguish the brand which was acquired by Disney last year, from its former owner Rupert Murdoch. According to reports published in the media in the United…
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