Federal Communications Commission Chairman Ajit Pai has circulated a draft order asking the five-member panel to approve Ligado Networks’ request to deploy a low-power nationwide network to support next generation 5G wireless. Ligado Networks’ request has drawn fire from some U.S. government agencies as well as by some powerful lawmakers. Earlier this week, the chairman…
Authorities in northern Vietnam have ordered people the employees of Samsung Display to be quarantined following a worker testing positive for the coronavirus. According to a statement released on Monday, a 25-year-old worker of the EQC-SI unit of Samsung Display factory in Bac Ninh province tested positive on Sunday. Confirming the case, Samsung Electronics Co…
India’s steel-to-autos conglomerate Tata Group, is making a big effort towards clean vehicles; it plans on producing electric cars and batteries, build recycling plants and set up charging stations around the country, said senior executives said on Tuesday. They went on to add, more than half a dozen companies, including Tata Chemicals, Tata Motors, Tata…
In a statement Visa Inc said, it has agreed to acquire privately held fintech startup Plaid Inc for $5.3 billion. The deal will increase Visa’s footprint in the booming fintech space. The deal underscores how traditional financial companies are willing to pay top dollar to acquire businesses which have established strong positions in the cashless…
With Boeing Co releasing hundreds of internal messages surrounding the development of its simulators as well as its 737 MAX jet that it grounded in March 2019 following two fatal crashes, there has been a firestorm of outrage from U.S. lawmakers. In an exchange of instant messages between two Boeing employees in April 2017, one…
Although Foxconn’s chairman Terry Gou plans on retiring in order to run for elections, the company’s filing with Taiwan’s stock exchange shows his name in the proposed candidates for the company’s new board.
The testing, likely to happen in a Boeing simulator, will include a scenario similar to the one faced by pilots from Lion Air and Ethiopian Airlines which led to the crashes. In a development aimed at restoring the faith in Boeing jets following two fatal crashes, pilots from American Airlines are likely to test its…
Japan’s Nissan and France’s Renault have agreed to strategically retool the alliance so as to put themselves on a more equal footing. In an interview to Le Figaro, Renault’s chairman Jean-Dominique Senard drew attention to the fact that Renault and Nissan must streamline decision-making; he also mentioned that boosting the companies’ cross-shareholding is not currently…
With next generation electromobility options coming packed with sensors and electronics, input costs have rise significantly. Adding to that pressure is the EU’s push to meet tougher-than-expected greenhouse gas emissions targets which aims to bring it down by 37.5% by 2030. In an interview to German newspaper Welt am Sonntag, Volkswagen’s chairman Hans-Dieter Poetsch stated,…
Audi is taking a very systematic approach to the future of mobility. On Tuesday, Volkswagen’s Audi stated, it would sink in $15.9 billion (14 billion euros) through 2023 in autonomous driving, electric mobility and digitalization. For the next five years, Audi has projected its total expenditure to be around 40 billion euros, said the carmaker…
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