Aerospace startup Boom Supersonic aims to start supersonic trans-Atlantic commercial air travel by 2029

In a statement, Aerospace startup Boom Supersonic said, it hopes to resurrect supersonic commercial air travel across the Atlantic, which was last seen when British Airways and Air France flew the SST Concorde in the 1970s. Boom Supersonic is aiming to fly 65 passengers from New York to London in little more than three-and-one-half hours,…

Digital shift helped WPP plot path to recovery from pandemic-woes

WPP, the world’s biggest advertising company said, it would immediately relaunch its buyback scheme. The development comes in the wake of its efforts to help clients shift online to get through the worst of the pandemic. The company took a major hit in early 2020 because of the coronavirus-induced COVID-19 pandemic which triggered its clients…

Shipping industry making strides towards green hydrogen to meet UN carbon emission goals

In a significant development, for the very first time, developers across the globe are testing the usage of hydrogen to power ships. The development comes as the maritime industry races to find technologies to slash carbon emissions; there is also a growing confidence that LNG can be used safely commercially. The United Nations has set…

Elon Musk to spin off SpaceX IPO once revenue growth becomes steady, predictable

Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…

U.S. Commerce Department further restricts Huawei’s access to U.S. chip design hardware and software

In a significant development, the Trump Administration announced that it will further tighten the screws on Huawei Technologies Co, and crack down on its access to commercially available semiconductors. The development underscores the U.S. Commerce Department’s intent to expand restrictions that were announced in May 2020 which were aimed at preventing the Chinese company from…

Hyundai Group and Kia Motors invest $110M in London-based electric van startup Arrival Ltd

On Thursday, in a joint statement, South Korea’s Hyundai Group and its sister firm Kia Motors Corp stated, they are backing a UK electric vehicle startup that plans on selling battery-powered delivery vans in 2021. They plan on investing $110 million (100 million euros) in Uk-based Arrival Ltd. Founded in 2015, London-based Arrival has developed…

Huawei helped North Korea in building its wireless network: Washington Post

The report adds to the growing number of supporting documents to U.S. claims that China’s Huawei has violated in multiple instances US export control rules. According to a report from the Washington Post citing sources and internal documents, China’s Huawei Technologies Co Ltd has secretly helped North Korea to build and maintain its commercial wireless…