Renault said on Friday that all possibilities for separating its electric vehicle (EV) business were on the table, including a possible public listing in the second half of 2023. Renault’s finance head, Thierry Piéton, said any plans would be subject… Read More ›
Day: April 22, 2022
Snap Warns That Rising Inflation Could Stifle Revenue Growth, But Expects More Users
Snap Inc forecasted a bright future for user growth on its Snapchat app on Thursday, but warned that supply-chain interruptions and inflation could continue to harm ad demand. Snap’s stock dropped as much as 10 per cent after the announcement,… Read More ›
Taiwan developing missiles and attack drones: Defense Ministry
According to a report by a Taiwanese military-owned National Chung-Shan Institute of Science and Technology said, Taiwan is developing missiles that can attack enemy air bases and bring down cruise missiles and is developing drones that can target their firing… Read More ›
Honda developing 3 new dedicated platforms for EVs
According to a top executive at Honda Motor Co, the company plans on building millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one of them being jointly developed with U.S. partner General Motors Co. “Honda… Read More ›
Current physical damage in Ukraine stands at $60B: World Bank President
In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
Johnson offers India know-how to build fighter jets, license for faster defense deliveries
In his first visit to India, British Prime Minister Boris Johnson is set to offer New Delhi know-how to build its own fighter jets and a licence for faster deliveries of defence equipment as it tries to wean India away… Read More ›
US to supply Phoenix Ghost drones to Ukraine
In a statement the Pentagon said, it will provide one time use attack drones in its latest arms package to the embattled country. The US has ramped up arms shipments to Ukraine ahead of a fresh Russian offensive in eastern… Read More ›
Germany to provide further $40.12M in reconstruction to Ukraine
According to sources from Germany’s development ministry, Berlin will provide a further $40.12 million (37 million euros) to Ukraine for reconstruction after the war. While around 22.5 million euros would go towards reconstructing Ukraine’s power grid while an additional 14.4… Read More ›