After the U.K. watchdog said consumers weren’t properly protected, Britain’s privacy watchdog said on Monday that Facebook has agreed to suspend using data from UK users of its WhatsApp messaging app for advertisements or product-improvement purposes. If the social media… Read More ›
Day: November 8, 2016
Amid Currency Crunch, $662 Million of Solar Deal Inked by Egypt
After a currency crisis in the country this year slowed the industry and in a sign that developers are slowly moving forward with clean-energy projects, Egypt has agreed to buy about 400 megawatts of solar capacity. According to Mohamed Salah… Read More ›
Tesla to acquire Grohmann Engineering for undisclosed sum
The purchase will boost its automated manufacturing systems. Tesla Motors has disclosed in a blogpost that it is all set to acquire German based Grohmann Engineering, for an undisclosed amount. The acquisition will help it improve its automated manufacturing process…. Read More ›
Ford to create its 2nd largest technological setup in Chennai, South India
The centre, set to be operational in early 2019, will include labs and test facilities as well as teams working on financial data analytics. Ford Motors Co has disclosed it will be investing $195 million (13 billion rupees) in business… Read More ›
Britain preparing legislation to trigger Article 50
Since divorcing the EU is likely to significantly dent its business potential, Theresa May has started a whirlwind tour to offset this loss, explore further business opportunities and kickstart the stalling British economy. Sky News has reported that Theresa May’s… Read More ›
French Tax Authorities gains access to UBS’s files
French Tax authorities can now mine tax data from these files. The Swiss Federal Tax Administration (FTA) has let it be known, it will not appeal against a court’s decision which allows UBS to inspect its files and collect information… Read More ›
UAE’s Dubai Aerospace finances Iran’s purchase of 17 jets from Airbus
With its economy being isolated for so long, business deals with Iran has immense potential. According to sources familiar with this move, Iran has broken the logjam in its efforts to buy aircrafts from Airbus. It has reached a deal… Read More ›