On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…
During an interview with German magazine Wirtschaftswoche, Ryanair’s chief executive Michael O’Leary disclosed, the Irish budget airliner is prepared for further delays in the delivery of Boeing 737 MAX. He also mentioned that, compensation will be discussed only after the aircraft have been delivered. Boeing’s 737 MAX has been grounded since March 2019 following two…
On Thursday, German automotive supplier Robert Bosch stated, it has developed a sensor that allows cars to “see” the road in three-dimensions. The development could potentially lower the cost of technology and speed up the development of self-driving vehicles. In a statement, privately-held Bosch said, its internally-developed lidar sensor, which it will showcase at the…
On Thursday, Tesla Inc stated it will commence the delivery of a second batch of China-made Model 3 sedans to customers from January 7. Unlike the first batch of customers, who were Tesla employees, the second batch of customers aren’t Tesla employees, said Tesla’s representative.
European carmaker Volkswagen electric vehicle strategy is playing itself out, with the carmaker’s electric offensive picking up speed, as planned. In September 2019, VW unveiled its new all-electric ID.3 and in November production commenced at its Zwickau electric vehicle plant. With this major milestone under its belt, the Volkswagen brand is set to play a…
On Thursday, gaming firm Razer Inc stated, it is leading a consortium of companies that has applied for online banking license in Singapore. Razer’s fintech business will have a 60% stake in the consortium which includes FWD, an insurance firm, and Sheng Siong Holdings, a private vehicle of the Lim brothers behind a Singaporean supermarket…
According to five sources familiar with Indonesia’s move, Jakarta plans on imposing fixed fees on select e-wallet transactions. The move could potential choke key revenue streams and raise costs for payment startups. Providers of e-wallet services in Indonesia, Southeast Asia’s largest economy, currently customize fees for vendors: while they charge a premium from big retailers…
In a statement, Microsoft Corp disclosed, a hacking group called “Thallium” has taken control of web domains to steal nuclear related data. In a blog post, Microsoft stated, Thallium, believed to be operating from North Korea, targeted government employees, university staff members, think tanks, and individuals working on nuclear proliferation issues, among others. Most of…
On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…
On Friday in a statement, the Commercial Aircraft Corp of China Ltd (COMAC) stated, the sixth prototype of its home-built C919 narrowbody passenger plane has completed its first test flight. The prototype of the C919 is the last test plane COMAC had planned for the program; it was scheduled to fly before the end of…
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