In a significant development, the Federal Aviation Administration (FAA) stated, it had approved the design for the Boeing 737-8200, which is part of the Boeing 737 MAX series, a step that is necessary before Boeing that can commence the delivery of the jet to Ryanair. The 737-8200 incorporates all of the design improvements that were…
On Monday, in a statement Deliveroo said, it plans to sell around new shares worth $1.39 billion (1 billion pounds) in its upcoming initial public offering (IPO), in what is expected to be the biggest London listing in more than seven years. The British food delivery company, which has the backing of Amazon.com Inc, said…
In a significant development, General Motors Co said, all of its new cars, including light pickup trucks, and SUVs will have zero tailpipe emissions by 2035. The development marks a significant shift away from diesel and gasoline powered engines by the biggest U.S. automaker. GM has also said, it plans on becoming carbon neutral by…
A class-action lawsuit has been filed accusing Amazon.com Inc of inflating ebook prices in collusion with some publishers. The class action lawsuit alleges that the e-commerce giant along with the five largest U.S. publishers, collectively called the ‘Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a…
Indonesia’s largest e-commerce platform, Tokopedia said, it is investigating an attempted cyber attack and claims that details of millions of its users had been leaked online. “We found that there had been an attempt to steal data from Tokopedia users,” said Tokopedia’s spokesman. “However, Tokopedia ensures that crucial information such as passwords remains successfully protected…
Clearly U.S. sanctions against the company are having their intended effect. On Tuesday, Huawei Technologies Co Ltd stated its goal of becoming the world’s biggest smartphone maker by the end of 2019’s fourth quarter will take some more time to achieve. “We would have become the largest in the fourth quarter (of this year) but…
Jaguar Land Rover cars will have built-in smart wallets through which drivers can earn IOTA coins. On Monday, Britain’s biggest auto manufacturer, Jaguar Land Rover stated, it is testing a software that allows drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data. Jaguar Land Rover is developing a “smart…
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…
The joint venture, BAIC-Xiaoju New Energy Auto Technology Co. Ltd, will see the two collaborate on new energy vehicles as well as artificial intelligence projects. On Monday, as per a statement released by China’s Didi Chuxing, it had set up a joint venture with BAIC’s Beijing Electric Vehicle Co., in order to work on new…
ACWA Power’s plan has multiple sweet points given that it is aligned with Riyadh’s goal to diversify its economy and wean its economy away from just oil exports. In a development that places the development of power and water plants at the heart of Saudi Arabia’s bid to develop its renewable power industry, Riyadh-based ACWA…
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