According to a government document, Tesla Inc will be setting up an electric-car manufacturing unit in the southern state of Karnataka. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” said a state government official… Read More ›
In a significant development that marks an attempt to go back to pre-coronavirus pandemic times, officials from Israel said they plan to reopen restaurants around March 9 and restart tourism with Cyprus as part of a gradual return to normality… Read More ›
According to a report published on Saturday by Bloomberg News, the Chinese etch company and owner of the short video sharing app TikTok, ByteDance, is reportedly considering options for a sale out of it’s the operations of the video sharing… Read More ›
The largest entertainment company of the world Walt Disney Co returned to profits in its latest completed quarter driven by a growth in its Disney+ subscribers as well as lowering of losses at its theme parks which were hit hard… Read More ›
In a pleasant surprise, Walt Disney Co has reported a quarterly profit after “The Mandalorian” and “Soul” lifted growing streaming business, outweighing pandemic concerns over its hobbled theme park operations. Investors overlooked its 53% decline in park revenues in the… Read More ›
In a statement, the French Finance Ministry stated, French companies from the automobile and electronics sectors will collaborate and work together in the near-term in order to improve and fix supply chain glitches that have hit the automotive industry. Carmakers… Read More ›
According to a senior official from the Biden Administration, the United States is looking to add “new targeted restrictions” on exports of certain sensitive technologies to China in cooperation with allies. The official spoke ahead of Biden’s first call with… Read More ›
MGM Resorts has posted a bigger-than-expected loss thanks to the coronavirus-induced COVID-19 pandemic which brought global travel to a standstill; it has however signaled that with increased inoculation of the COVID-19 vaccine, it is likely that demand will pick up… Read More ›
In a statement the U.S. Trade Representative’s office said, it is looking forward to working with European allies to resolve a dispute over aircraft subsidies. “We know there is great interest in resolving the Boeing-Airbus dispute on both sides of… Read More ›
The United States based electric car maker Tesla now risks upsetting Beijing’s powerful regulators after its founder and CEO Elon Musk spent the last two years to win over China – the largest car market of the world. According to… Read More ›
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