The first quarter saw a bigger-than-expected drop in its deliveries, dominated by fall in demand for its luxury Model S and X vehicles of Tesla which raised questions about the finances of the company. The investors also reacted resulting in a 11 per cent drop in its shares on Thursday. Following the company reporting drop…
In February, Germany’s cybersecurity agency had stated, the country had experienced a big increase in the number of security incidents hitting critical infrastructure, including power grids and water suppliers. German broadcasters BR and NDR had reported on these incidents. In a significant development, Germany’s largest drugmaker, Bayer stated it had mitigated a cyber attack on…
At IPO prices, Icahn’s 2.7% stake would be $550 million. The price paid by Soros is not clear. According to a report from the Wall Street, billionaire investor Carl Icahn sold his nearly 2.7% of his stake in Lyft Inc to George Soros ahead of its initial public offering. According to the report, Jonathan Christodoro,…
Elite U.S. university MIT has snapped ties with embattled Huawei Technologies and ZTE Corp over investigations by U.S. authorities that the Chinese firms violated U.S. sanctions. It is also ramping up its screening process. In a strategic and significant development, the Massachusetts Institute of Technology (MIT) stated it has snapped its collaborations with Huawei Technologies…
The U.S. airplane maker tested the upgraded MCAS anti-stall software on a test flight of the 737 MAX jet. On board the aircraft was its CEO Dennis Muilenburg. In a significant development, Boeing Co stated, Dennis Muilenburg, its chief executive, had joined a test flight on a 737 MAX 7 jetliner for a demonstration of…
The supply order for OLED screen for the Apple Watch marks Japan Display’s forray into the OLED market. In a development that comes as a breakthrough for cash-strapped Japan Display Inc, the company is set to commence the supply of organic light-emitting diode (OLED) screens for the Apple Watch later this year, said two sources.…
The price of cryptocurrencies surged yesterday, with Bitcoin rising as much as 20% in Asian trading. It marked its biggest 1 day rise since April 2018. The price of bitcoin briefly hovered around $5,000 on Tuesday – its highest level since late November 2018. The price of other cryptocurrencies also surged. On the Luxembourg-based Bitstamp…
Tesla has agreed to pay $31,000 in fine and has agreed to buy emergency response equipment worth $55,000 for its Fremont, California factory. As per a statement from the EPA, Tesla Inc will pay a $31,000 fine and will purchase $55,000 in emergency response equipment for a California city under a settlement reached with it…
The two Boeing jets were fitted with the latest version of Trent 1000 TEN engines from Rolls-Royce Holdings PLC. Singapore Airlines Ltd has grounded 2 Boeing Co 787-10 jets sporting Trent 1000 TEN engines from Rolls-Royce Holdings PLC following a checking of its fleet wich resulted in the finding that blades had deteriorated prematurely. In…
Data from the EU’s Transport & Environment group has shown that the oily airline to be included in the list for the top 10 polluting sources in Europe is Ryanair. This is also the first time that a company that does not use coal as a source of power has been included in this list…
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