Elon Musk reportedly met with Twitter’s board of directors over the weekend to discuss his $43 billion buyout offer. Following the announcement of the Tesla CEO’s bid, Twitter’s management declared a “poison pill” strategy to stave against a hostile takeover…. Read More ›
Japanese car maker Nissan has announced that it will no longer produce automobiles under the Datsun brand, which has a more than century-long heritage. It was one of the brands that helped Japanese automakers gain international recognition following WWII. The… Read More ›
On Monday, shares of Japanese automaker Nissan Motor Co Ltd slumped by 5%, marking their biggest fall in more than a month, following a report that Renault SA, its top shareholder, may consider lowering its stake in the company. Last week… Read More ›
On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
In a statement self-driving tech startup Pony.ai said, it has obtained a taxi license in China which will allow it to monetize some of its driverless vehicles in the country since it will be allowed to charge fares on them…. Read More ›
In a statement Japanese drug maker Shionogi & Co Ltd said, their experimental treatment for COVID-19 has shown rapid clearance of the virus that causes the disease. The pill, S-217622, “demonstrated rapid clearance of the infectious SARS-CoV-2 virus”, said Shionogi… Read More ›
On Monday, a senior official from the EU said, during European Commission President Ursula von der Leyen’s visit to India, she will seek to increase sales of European military equipment to India and relaunch talks of a free trade agreement…. Read More ›
On Monday, a report by German newspaper Die Welt cited the EU’s top diplomat Josep Borrell as saying, “there is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports”…. Read More ›
A group of 18 Republicans have sent Twitter board members a letter asking it to preserve all records and materials relating to Elon Musk’s offer to purchase Twitter. The development potentially marks the laying of groundwork for a possible investigation. “As… Read More ›
In a statement AT&T Inc said, it has named Jeff McElfresh, who earlier headed its largest business unit, as its Chief Operating Officer. The move is part of the U.S. carrier’s efforts to refocus on its connectivity business following the merger… Read More ›
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