In a bid to expand, the sensor supplier for Apple’s phone is now eyeing the autonomous vehicle industry. AMS is a chipmaker from Austria which is mostly recognised as a sensor-supplier for iPhone X of Apple, whereby the company has plans of expanding into sensor manufacturer of “self-driving cars”...

The brand Opel and Vauxhall were a source of huge loss for General Motors and they were sold off by the US car manufacturer about a year ago. However, those very brands have turned out to be cash cows for their new French owners and are making hundreds of millions.   In the first six months...

Saudi Arabia – amongst the most critical clients of General Electric Co, is looking at other companies to rival GE to bid for a lucrative power plant work, claims a new report by news agency Reuters.   While it is reported that talks about investments in the sector is ongoing with two...

In June, European investors were withdrawing cash from mutual funds at the fastest pace in almost five years. The outflow was € 38.3 billion amid fears of a global trade war, the Financial Times reported. Equity, bond and money market funds based in Europe saw a net outflow of at least € 11 billion...

The United Kingdom government has been given urged to hold a public consultation in order to ascertain whether it can be feasible to put a ban on the import and sale of animal fur in the country after setting in Brexit. The call was given in an in an inquiry report that was published by the...

State Oil Company of Saudi Arabia Saudi Arabian Oil Co. (Saudi Aramco) intends to acquire a controlling stake in the petrochemical company SABIC, and possibly all 70% of shares owned by the sovereign fund of Saudi Arabia. This is reported by Reuters with reference to two sources familiar with the...

The board of directors at Fiat Chrysler Automobiles announced on Saturday that its ailing chief executive officer (CEO), Sergio Marchionne would be replaced for the position by high-ranking in-house executive Mike Manley.   It has been over a month that Marchionne, 66, has not appeared in...

According to a United Kingdom government report, the country’s telecom networks have been exposed to new security risks because of technical issues and issued with the equipment supply-chain of Chinese firm Huawei. Top of Form The debate over espionage around Huawei Technologies would be further...

Audi will be forced to limit production of cars from September this year due to the Dieselgate scandal, Bayerischer Rundfunk television and radio company reports with reference to the source. Earlier it was reported that investigations were being carried out in Germany in connection with the...