The deal has the potential to increase its foothold in the region, home to 600 million people, and enable it to catch up with its regional rival Grab, which has its own e-wallet service. In a joint statement, Uber Technologies and Vietnamese financial technology firm MoMo stated that they have signed a strategic deal which…
Amongst its decision includes th allocation of an electric SUV in its German plant. In a significant development, Volkswagen’s Audi has agreed to rule out forced redundancies in Germany by five years until the end of 2025; its joint statement also states, it will build two fully-electric SUV models at its main plant in Ingolstadt.…
Ahead of its announcement, the industrial plan has already won support from Merck & Co and Qiagen. In the wake of massive economic upheavals from Britain’s historic decision to leave the EU, on Monday, Prime Minister Theresa May pitched a new strategy to leaders of the country’s industry aimed at bringing about greater state intervention…
The value of bitcoins has jumped by 100% in 2017. On Monday, Bitcoin’s vertical ascent showed no signs of slackening with the digital currency soaring to yet another record high, just short of the $10,000 mark. The cryptocurrency has gained more than a fifth of its value in the past three days. Since the beginning…
The new funding round, led by Alphabet’s CapitalG, saw its valuation boost by $500 million to $11.5 billion. As per U.S. share authorization documents filed in Delware, Lyft Inc is raising an additional $500 million in funding led by Alphabet Inc’s CapitalG. The new funding round is an extension of the $1 billion round that…
French Prime Minister made it amply clear that France will not tolerate any takeover which is deemed as hostile for its national industries. On Monday, French Prime Minister Edouard Philippe made it clear that the French government will put its weight behind national companies and will not allow any takeover that are deemed as hostile.…
While Elon Musk has traditionally managed to win over investors with his visions, winning over analysts promises to be a lot harder. Here’s why. In an interesting tun of events, Tesla Inc upstaged the debut of its own electric heavy duty truck by showcasing a brand new $200,000 red roaster sports car which Elon Musk,…
The report by Brookings Institution is an eye opener. Brookings Institution, a Washington think tank, has conducted a study which concludes that digital tools are increasingly playing a pivotal role in transforming every workplace across industries in the U.S. According to the study, the usage of digital tools has increased dramatically in 517 of 545…
The new rules aim to balance the requirements of having a basket of vulnerabilities to conduct cyber attacks against enemy systems with that of protecting domestic industry and consumers from cyber attacks from foreign intelligence agencies, criminals and hackers. As per a national security official, speaking on the condition of anonymity, on Wednesday the Trump…
The firm has grown at a phenomenal pace of 40% compounded annual growth since 2011 and is expected to quicken its pace. The head of Travelers Cos Inc stated the company will stick to its growth plans on the cyber insurance, which protects businesses against liabilities revolving around hacking and cyber attacks. We feel like…
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