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…

All insurance policies should provide clarity on cyber attacks: Lloyds Bank

A coordinated global cyber attack could cause economic damage anywhere between $85 billion and $193 billion. Britain’s retail and commercial banking giant Lloyds Bank Plc stated, all insurance and reinsurance policies should clearly state whether they will cover losses caused by a cyber attack; this would be in the best interest of customers and brokers.…

Industry veteran Karl-Thomas Neumann joins opensource self-driving vehicle software stratup Apex.AI’s board

Apex.AI aims to make the Robot Operating System (ROS) more robust and failproof so that it can be deployed in commercial self-driving vehicles. Palo Alto, California-based Apex.AI, a company which strives to make open-source self-driving software reliable enough to be commercially viable has hired Karl-Thomas Neumann, an industry veteran who has been the CEO of…