Deutsche Bahn & Siemens Mobility developing green hydrogen powered train engines

In a significant development, Deutsche Bahn and Siemens Mobility have started developing hydrogen-powered fuel cell trains as well as filling station; trials for the same will commence in 2024. In time these will replace diesel powered train engines on Germany’s local rail networks. A prototype, which will be built by Siemens, will be based on…

Airline industry will require state support if Wuhan coronavirus lasts for long time: Lufthansa

In a statement, German airline Group Lufthansa said, if the Wuhan coronavirus which has gone pandemic lasts for a long time, it would be very difficult for the airline industry to survive without state help. Lufthansa, which has slashed flight capacity, suspended its dividend and has introduced short-time working, said it was impossible to forecast…

Singapore’s Grab launches innovation arm for tech startups

Grab Ventures will be the vehicle through which Singapore-based Grab will expand beyond ride hailing services into areas including financials, food services and logistics. On Tuesday, Singapore-based Grab, launched launched its innovation arm, Grab Ventures in order to support and develop technology start-ups in sectors including food services, transport, financial services, logistics. The development assumes…