Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…
Despite its vociferous campaigning last year for levying a 3% tax on the digital earnings of global tech firms, the SPD backed down after concluding that such a move would not be productive. On Wednesday, Germany’s Bild newspaper stated, the country’s finance ministry has, given up its plan of levying more taxes on internet giants,…
Consumers are increasingly taking to gaming in their smartphones rather than stick to traditional devices such as consoles and computers. Subscription models and cloud gaming could be the new engines for growth for gaming companies. With the annual Gamescom trade fair opening its doors in the German city of Cologne, the online entertainment and the…
The deal is yet to be finalized since it has yet to get clearance from Linxens’s union, and regulatory approval from France and Germany. According to 5 sources with direct knowledge of the matter at hand, Tsinghua Unigroup Ltd, China top state-controlled chip manufacturer has signed a deal with Linxens, a French smart chip components…
The collaboration is aimed at building next-gen purpose-built electric-vehicles for Didi’s services. On Tuesday, China’s Didi Chuxing, a ride-sharing company, disclosed it has signed an agreement with German automotive supplier Continental AG to co-develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services. “Based on DiDi’s practical experience on mobility as well as…
Despite global trade tensions heightened consumer demand, in the form of e-commerce, is lifting the profit margins of air freight carriers. In a move that defies rising global trade tensions, e-commerce has become a driving force for air freight business thus significantly boosting the profit margins of many major airlines. According to the International Air…
The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…
Germany’s Infineon Technologies AG and China’s SAIC Motor Corp are to collaborate on making power modules for this booming electric vehicle market. On Friday, German chipmaker Infineon Technologies AG and China’s SAIC Motor Corp, a carmaker, agreed to set up a joint venture, SAIC Infineon Automotive Power Modules, to make power modules for the Chinese…
The timing for deploying 5G technology is set to top the agenda at the Mobile World Congress, set to take place in Barcelona next week. The telecom industry is counting on the new technology to trigger growth in equipment sales and mobile services.
While cash has always been King, card payments have dethroned it now signalling the creeping end of privacy rights and freedom. In a historic development, an analysis from Bundesbank study shows that the majority of Germans prefer card payments instead of cash. The supremacy of cash in Germany which ensured privacy and freedom of its…
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