Federal authorities have issued a statement saying, “Americans should be aware that foreign actors, and Russia in particular, continue to try to influence public sentiment and voter perceptions through actions intended to sow discord”. Hours before U.S. voters went to polls, Facebook Inc has blocked 115 user accounts following a tip off by U.S. authorities…
DealWatch’s report, citing anonymous sources, have named Nomura Holdings, SMBC Nikko Securities, JP Morgan, Goldman Sachs, Deutsche Bank, among the global coordinators for whats is likely to be Japan’s biggest ever IPO on November 12. According to a report from DealWatch, citing unnamed sources, SoftBank Group Corp’s mobile unit is expected to win an approval…
Tesla plans on localizing production in China, to beat trade war related worries, including import duties, for its vehicles. In a strategic development aimed at reducing the prices of Tesla’s vehicles, the luxury carmaker stated, it plans on producing nearly 3,000 Model 3s per week from its Shanghai plant during the initial phase of its…
The consortium, of more than 130 partners, is aimed at developing self-driving car technology for the Chinese market. The European Union’s biggest carmaker, Volkswagen AG, stated it would join China’s Apollo autonomous driving consortium so as to develop self-driving car technology in the world’s biggest car market. In 2017, Baidu created the Apollo consortium to…
According to the industry research firm Counterpoint, iPhone maker Apple is set to record its first yearly drop in of its iconic smartphones in the Indian market in the last four years. The research firm also predicted that this would be because of a fall in the sale of iPhones in the fourth quarter of…
According to the CEO of a location discovery platform Foursquare, Jeff Glueck, there are very few companies in the world who can take on the capabilities of the company. Foursquare is a firm that uses its huge data base for private users for offering personalized recommendations. “Other than Google and Facebook, we are the Switzerland,”…
The move, is likely to significantly boost competition against Amazon’s competitors such as Walmart Inc and Target Corp. On Monday, in an effort to surge past the competition from rivals, including Walmart inc, Amazon.com stated it would offer free shipping with no purchase minimum for this holiday shopping season. Amazon’s U.S.-only promotion, effective from November…
The ‘Summon’ feature, part of Tesla’s driver-assist Self-Pilot system, is currently limited to only the Model S cars. On Thursday, Tesla’s Inc’s Chief Executive Elon Musk stated, an upgrade to Tesla’s ‘Summon’ auto-parking feature will be ready within six weeks; following the upgrade select models will be able to drive around a parking lot, find…
Based on concerns of a recued competition in the steel manufacturing market in Europe, an in-depth investigation into the proposed formation of a joint venture between Tata Stee of India and Germany’s ThyssenKrupp, has been launched by the European Union earlier in the week. The venture that would be created by the merger of the…
While a major section of the global auto industry and some of the major tech companies are engaged in a race to develop technologies for autonomous vehicle, US auto maker Ford Motor Co and Chinese tech company Baidu Inc has also jointly entered the race. Both the company on Wednesday announced the launching of two…
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