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U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

Hyundai IONIQ 9: The Battle For The Electric Three-Row SUV Market 11/21/2024

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Business & Finance

SoftBank Vision Fund to invest $1 bln in Chinese surveillance startup

SoftBank Vision Fund is going to pour almost one billion dollars in Chinese SenseTime Group Ltd., as the fund wants to get a share in the world's most expensive AI startup. This is reported by Bloomberg. The fund founded by the Japanese SoftBank Group Corp., and SenseTime haven't defined the deal’s...

Amazon Consider Investing In Indian Pharmacy MedPlus

Amazon is in talks to take forward its new venture into the pharmacy sector. Amazon.com is conducting its “early talks” for investing into MedPlus, an Indian Pharmacy, reported FactorDaily, a news website of India, on Tuesday, July 18, 2018. MedPlus Health Services has more than “1,500...

Chinese Tencent to expand presence in the US

Tencent is stepping up its efforts to expand the payment service WeChat Pay in the US, reports CNBC. He noted that more large players will come to the market this year. WeChat Pay allows users to display barcodes on the smartphone via the Tencent-owned WeChat messaging application. The app scans...

Walmart & Microsoft In A Strategic Partnership

Major Amazon rivals come together, to boost online presence with the help of cloud technology and data expertise. Walmart has informed that the retail giant is involved into a “strategic partnership with Microsoft Corp”. The partnership will explore “wider use of cloud and artificial intelligence...

VW Has ‘Not Done Enough’ To Improve On Emission Scandal

EU authorities pressurises VW to guarantee its cars performance post the Dieselgate scandal besides improving “consumer information”. Volkswagen received criticism from the “consumer authorities” of Europe, as the former failed to guarantee that the following steps to mend the “Dieselgate scandal”...

Booking Holdings Invests ‘$500 million’ In Didi

In an “aggressive” overseas expansion plans Didi and Booking Holdings enter into in an agreement enabling the users of the either services to avail the other’s services. The “Booking Holdings Inc”, a travel firm of the U.S. has invested “$500 million” on Didi Chuxing, the ridesharing app of China....

Autonomous Flying Aimed By Boeing, Creates New Internal Division

US based Aircraft making giant Boeing is now all set to get into the fast growing market of autonomous flight. The company has recently announced the creation of a separate internal division in the company that would look into the prospects of this market segment. The division has been...

IEA: Electricity is the future of the economy

Investments in power generation are on the increase, while investments in renewable energy sources in 2017 have decreased, and this alarming trend may continue, the International Energy Agency notes. Electricity generation have been attracting more investment than oil and gas production for the...

Net profit of Telenor increased 1.9 times in the first half of 2018

The net profit of the Norwegian telecom giant Telenor in the first half of 2018 increased 1.9 times year-on-year, reaching NOK 7.642 billion ($ 943 million), the company said in a statement. The diluted earnings per share of the holding increased to 5.15 kroner ($ 0.6) from 2.67 kroner ($ 0.3) for...

Impact Of Retaliatory Tariffs On Canadian Auto Makers Can Be Cushioned By Rebates

The blow from the retaliatory tariffs on U.S. steel on the powerful automotive industry of Canada is expected to be cushioned by the government’s customs provisions, believe trade lawyers and industry leaders awaiting the results of the impact. When Canadian companies are able to show that...