Europe and US are providing a hard time to the drinks companies. So much so, that they are struggling to maintain beer sales in these two regions. The reason – consumers look to pour themselves a healthier option and abstain… Read More ›
Month: September 2016
Challenging Risk of Death, Musk Seeks Mars Explorers with $200,000,
Despite being heavy on both technology — the how of getting there — and on the dangers that await those first explorers just a decade from now, entrepreneur Elon Musk, who laid out a vision of travel to Mars, has… Read More ›
Uber eyes long-haul trucking with its strategic acquisition of Otto
Uber’s stated goal of transforming the long-haul trucking industry by replacing brokers could face stiff resistance from existing players as well as fresh startups. Uber’s acquisition of Otto, a self-driving truck startup, has opened the doors for it to tap… Read More ›
German car manufacturers surge ahead to create 5G standards for IoT dependent next gen vehicles
In an strategically important development that will define the 5G standard, Germany’s top car manufacturers have joined hands with major telecom network equipment manufacturers to create and set the upcoming 5G standard which will be extensively used in tomorrow’s self-driven… Read More ›
Cisco unveils $4 billion expansion plan into Mexico
This fresh investment is likely to boost Cisco’s margins as input costs are lower in Mexico. The Mexican government has disclosed that U.S. networking giant, Cisco Systems, plans on investing $4 billion in Mexico over the period of 2 years… Read More ›
Public Sector Bonuses and Ministers’ Pay are Cut by Saudi Arabia
In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Post Brexit Vote, New Europe Unit Mulled by Wells Fargo
Before taking steps to ease the impact on its business, Wells Fargo & Co. won’t wait for the U.K. to formally trigger an exit from the European Union. Frank Pizzo, president for Europe, the Middle East and Africa, said in… Read More ›
Tesla settles with Hoerbiger over Tesla Model X’s falcon doors
There is more to the lawsuit that meets the eye: in May this year, during the first quarter results conference, Musk claimed to not know of Hoerbiger when asked by Reuters. As per available court records, Tesla Motors Co. and… Read More ›
Cogenra Solar & Khosla Ventures sue SolarCity for intellectual property theft
This is yet another hurdle in Tesla Motor’s path on its stated plans of acquiring SolarCity. Embattled SolarCity is facing a new battle: it has now been accused by Cogenra Solar Inc., owned by SunPower Corporation and Khosla Ventures of… Read More ›
Renault & Nissan partner with Microsoft for tomorrow’s self-driving cars
Microsoft brings its Azure driven cloud computing prowess to the table of this alliance. Renault SA’s alliance with Japan’s Nissan Motor Co has got a new partner in Microsoft Corp. Its expertise in cloud-based services will help the car manufacturers… Read More ›
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