The pressure for making rapid technological advancement in the field of autonomous driving and self driving cars is pushing global auto companies to invest more time resources. This is evident in the decision of the German car manufacturer Volkswagen AG to create a new subsidiary called Volkswagen Autonomy (VWAT)completely dedicated to self driving tech. The…
The largest private coal miner in the United States, Murray Energy, has been forced to file for bankruptcy because of the slow but steady downfall and closure of the coal industry in the United States. This bankruptcy however was being expected for years now. Recently, it was unable to make lender payments and an agreement…
An increase in the sale of cancer drug Ibrance as well as a great launch for its new heart medicine Vyndaqel propelled the third quarter profits for Pfizer Inc which beats estimates of analysts after the company announced its earnings on Tuesday. The strong third quarter performance prompted the company, the largest drugmaker of the…
Despite its third quarter earnings being impacted by the 40-day strike against General Motors by the United Auto Workers, the United States auto maker managed to report a profit for the quarter because of the presence of a good amount of inventory with the company when the strike was announced and implemented in the middle…
Chinese President Xi Jinping has placed blockchain technology as a foundational layer for future development of platforms. On Monday, a Chinese central bank official stated, commercial banks will have to step up their application of blockchain technology in order to deepen their commitments towards digital finance. The comments were made by Li Wei, head of…
China is treating blockchain technology as a foundational building block for future science and technology innovations. Late on Saturday, in a development that marks China gearing up to launch its own digital currency, the country’s rubber stamp parliament passed a new law on cryptography, reported state media late on Saturday. In 2014, China’s central bank…
The move is likely to have ramifications with the sharing of intelligence with the United States. On Sunday, as per a report from the Sunday Times, British Prime Minister Boris Johnson is set to grant China’s Huawei technologies Co Ltd access to the UK’s future 5G telecoms network. According to senior government and security services…
Microsoft beat Amazon Web Services in securing the contract. Microsoft Corp has beaten Amazon.com Inc in winning a $10 billion cloud computing contract from the Pentagon, said the Defense Department in a statement. The contracting process, mired in allegations of conflict of interest even drew the attention of President Donald Trump, who has publicly taken…
A report by Indonesian investigators states that Xtra Aerospace had miscalibrated a sensor on Lion Air 737 which gave erroneous readings and led to the activation of an anti-stall system which pushed the plane’s nose downwards and led to the crash of the aircraft. The U.S. Federal Aviation Administration (FAA) has issued an order which…
Buenos Aires is also the location where AWS opened its office in 2018. According to a provincial bulletin dated Oct. 24, Argentina has allowed Amazon.com Inc’s Web Services division AWS to build an $800-million data facility in Buenos Aires. The data center will be built in a free trade area in Rosales near the port…
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