The $5.26 billion acquisition of Brazilian company Embraer by the US aircraft maker Boeing was approved by the shareholders of the former company at the company’s headquarters in an extraordinary general shareholders’ meeting. More than 96 per cent of the valid votes at the special meeting approved the acquisition which represented about 67 per cent…
Owner and founder of US electric car maker Tesla, Elon Muskm is again embroiled in a controversy with the Securities and Exchange Commission (SEC) of the United States. A US judge has been asked by the SEC to hold Elon Musk in contempt for violating a settlement agreement which resulted in a drop in the…
As a part of its restructuring plan and to further focus completely on its core business some of the peripheral businesses are being sold off by the once sprawling conglomerate General Electric. The company announced the selling off its biopharma business to Danaher Corp. for $21.4 billion. Last year, revenue of $3 billion was generated…
Car maker Peugeot has announced that its portfolio would soon have a full-electric version of its new-generation 208 hatchback and some of its smaller cars would be made more upscale by the addition of newer technology and materials that one can usually find in the more costly high end cars made by the company such…
Intel sees 5G as not just about faster internet speeds for smartphones. It sees this as an opportunity to play a significant role in the 4th industrial revolution. On Monday, Intel Corp, the world’s second biggest chip maker by revenue, announced new partnerships and chips. Although Intel got into the wireless data business with the…
Unlike smartphones which recognize faces, LG’s offering can scan the vein structure of a user’s hands in 3D. In a first, South Korea’s LG Electronics has unveiled a 5G smartphone featuring a dual screen, underscoring new design efforts by the company to revive flagging sales. Both screens work independent to each other on the LG…
Augmented Reality technology has the potential to improve the efficiency of businesses ranging from users at a factory floor to doctors and those at a farm. In its second push at Augmented Reality, Microsoft unveiled the latest edition of its HoloLens augmented reality headset with promises that it provides a more immersive augmented reality experience…
According to the outgoing CEO of the largest U.S. auto dealer chain, the actions of Tesla CEO Elon Musk are “almost unethical”. AutoNation CEO Mike Jackson said in a television interview that the recent comment by Musk where he expressed optimism that Tesla would be able to acquire or possess all the features necessary for…
While Apple’s market share in China have shrunk significantly, those of domestic smartphone makers including most notably Huawei, have expanded. Chinese consumers view those using iPhones as traitors. While Apple’s iPhones may be cost effective, unless it targets the core issue of nationalism, it would be surprising if it were to make any significant headway.…
Israel’s first unmanned moon lander’s Beresheet was launched from Cape Canaveral Air Force Station at about 8:45 p.m. EST (0145 GMT Friday). In a significant development for Elon Musk’s SpaceX, the firm’s Falcon 9 rocket launched off successfully on Thursday night from Florida carrying Israel’s first lunar lander. The development is likely to make Israel…
