On Thursday, Tesla Inc stated it will commence the delivery of a second batch of China-made Model 3 sedans to customers from January 7. Unlike the first batch of customers, who were Tesla employees, the second batch of customers aren’t Tesla employees, said Tesla’s representative.
European carmaker Volkswagen electric vehicle strategy is playing itself out, with the carmaker’s electric offensive picking up speed, as planned. In September 2019, VW unveiled its new all-electric ID.3 and in November production commenced at its Zwickau electric vehicle plant. With this major milestone under its belt, the Volkswagen brand is set to play a…
On Thursday, gaming firm Razer Inc stated, it is leading a consortium of companies that has applied for online banking license in Singapore. Razer’s fintech business will have a 60% stake in the consortium which includes FWD, an insurance firm, and Sheng Siong Holdings, a private vehicle of the Lim brothers behind a Singaporean supermarket…
According to five sources familiar with Indonesia’s move, Jakarta plans on imposing fixed fees on select e-wallet transactions. The move could potential choke key revenue streams and raise costs for payment startups. Providers of e-wallet services in Indonesia, Southeast Asia’s largest economy, currently customize fees for vendors: while they charge a premium from big retailers…
In a statement, Microsoft Corp disclosed, a hacking group called “Thallium” has taken control of web domains to steal nuclear related data. In a blog post, Microsoft stated, Thallium, believed to be operating from North Korea, targeted government employees, university staff members, think tanks, and individuals working on nuclear proliferation issues, among others. Most of…
Vodafone Hutchison has teamed up with Nokia to construct the high-speed 5G mobile network in Australia. The mobile service provider will be supplied with the telecommunication equipment for the new network by Nokia with the plans or phasing out the use of equipment from the banned Chinese telecom giant Huawei from a number of parts…
The ride-hailing company Grab has decided to get in to the business of digital banking and it has announced that it will be applying for a digital full bank license in Singapore in partnership with the country’s major telecommunication services providers, Singtel. According to a joint statement of the companies, the new consortium that would…
This holiday season has been another record-setter for Amazon, said that largest e-commerce company of the world. The year has also been a good one for the overall retail sector in the United States which indicated that the economic growth of the US economy still is still set to continue for some more time. The…
The announcement of a leadership shuffle at the arts and crafts retailer Michaels saw its shares rise by more than 32 per cent. The company has announced the appointment of Walmart executive Ashley Buchanan as a replacement for its new CEO Mark Cosby. The company said that while Cosby will stay on through April 1…
The German auto giant and the largest car maker of the world Volkswagen is set to achieve production of its millionth battery electric vehicle two years before the time that the company had set for itself, according to the forecasts of the company. Analysts said that this was a clear evidence of the positive result…
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