In a significant development, Honda Motor stated, it will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season and will instead focus on zero-emission technology. The development was made by Honda Motor’s CEO Takahiro Hachigo during an online news conference. “This is not…
In a statement Swiss drugmaker Roche stated, it has an emergency approval for an antibody test to check whether people have ever been infected with the coronavirus, from the U.S. Food and Drug Administration (FDA). The company is aiming to ramp up production by more than 100% for testing kits from the current 50 million…
On Wednesday, Japanese news daily the Nikkei reported that Tesla and Panasonic are ending their partnership to produce solar cells following the Japanese electronics company ramping up efforts to divest unprofitable businesses. The development comes in the wake of Tesla diversifying away from Panasonic as its sole battery supplier for electronic vehicles after it brought…
Wal-Mart is in the process of fixing the issues due to which it had to cut its ties with the logistics firm. In a significant development that marks a setback against Wal-Mart’s efforts to fight Amazon.com in the groceries segment, logistics firm Deliv and Walmart Inc have discontinued their same-day grocery delivery partnership. In 2018,…
Till the end of 2018, QME is waiving all trading fees on its platform. In a statement, the Hongkong Exchange (HKEX) Group disclosed, Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by it has begun operations since Friday. As part of its drive to attract business, QME which so far is only trading…
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