The plug-in hybrid cars that were in vogue not long ago as the vehicles for the climate-conscious could be phased out by auto companies due to more stringent environment rules by the European Union.   This one time “transition” technology – the plug-in hybrid vehicles (PHEVs), which contain...

Saudi oil and gas company Saudi Aramco has agreed to sell 49% in its new subsidiary Aramco Oil Pipelines Company to a consortium led by US-based EIG Global Energy Partners in a deal worth $12.4 billion, the company said in a statement. "Aramco has signed an agreement with a consortium led by EIG...

The US corporation Microsoft is in talks to buy Nuance Communications, an artificial intelligence and voice recognition technology company, Bloomberg reported citing sources. According to the agency, the deal is valued at $16bn. As clarified by interlocutors of Bloomberg, the agreement may be...

The denim maker Levi Strauss & Co beat estimates for quarterly results driven by a boost to its online sale during the Covid-19 pandemic on Thursday while also arising its half year revenue growth forecast as it said it was banking on the rollout of Covid-19 vaccines around the world which it...

With a second wave of the Covid-19 pandemic hitting countries like India in a major way, there are reports of a shortage of vaccines. In order to address this issue, HSBC and the Asian Development Bank (ADB) have got together to give a combined financing of $300 million for helping the...

The global shortage of components has forced Apple Inc to postpone manufacturing of some MacBooks and iPads, said a report published by Nikkei Asia.   This is a clear signal that the unprecedented global supply crunch has not spared even Apple which has massive procurement power.  ...

An offer of $20 billion proposed to the Japan’s Toshiba Corp for taking it private is being contemplated by the company, said reports quoting information from sources familiar with the matter. The firm to make the offer is the private equity firm CVC Capital Partners.   There is activist...

A joint venture for developing autonomous delivery trucks was announced on Tuesday by between Silicon Valley self-driving startup Gatik and the auto company Isuzu North America Corp in another example of a tie up between a tech based logistics firm and an auto company to build self driving...

The current acute global shortage of semiconductor chips is showing signs of the beginning of easing for mid-end consumer products, according to a senior executive at Taiwan's Acer Inc, the fifth largest PC vendor of the world by shipments. The company said on Tuesday that the current situation of...