On Monday, in a statement, Amazon.com Inc, the world’s biggest online retailer said, it will open two new logistics centers in Italy later this year and plans on sinking more than $278 million (230 million euros) towards them. With the… Read More ›
Entrepreneurship
Tesla starts deliveries of Shanghai-made Model Y SUVs in China
On Monday, in a statement Tesla Inc said, it has commenced delivery of its Shanghai-made Model Y sports utility vehicles (SUV) to Chinese customers. In November 2020, Tesla had obtained permission from the Chinese government to start selling Model Y… Read More ›
Singapore’s ride hailing giant Grab exploring potential US IPO
According to three sources familiar with the matter at hand, food delivery and ride hailing giant Grab is exploring a potential listing in the United States. The development comes midst robust investor appetite for IPOs. Grab aims to raise at… Read More ›
Facebook’s WhatsApp Delays Update Of Business Features After Privacy Backlash
Following a huge amount of concerns from millions of its users who feared that the messaging platform was loosening its user data privacy policies, the Facebook Inc. owned messaging app WhatsApp has decided to delay its planned and announced update… Read More ›
General Motors to invest $785.42 million in Canada plant to build electric vans
In a statement U.S. carmaker General Motors Co stated, it has reached a tentative deal with labor union Unifor following which it aims to invest around $785.42 million (C$1 billion) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture… Read More ›
Trump Administration unveil rules to protect U.S. telecom supply chain
In a significant development, the Trump Administration has labeled China, Iran, Russia, Cuba and North Korea as foreign adversaries as part of a new set of rules aimed at protecting the U.S. telecoms supply chain. The rules, which implement an… Read More ›
Efficacy Of Its Covid-19 Vaccine Defended By China’s Sinovac After Poor Brazil Data Emerges
Researchers in Brazil announced results of late-stage clinical trial data of the Covis-19 vaccine developed by China’s Sinovac Biotech which showed that the vaccine candidate’s efficacy was much lower than the initial claims by the Chinese firm. However the safety… Read More ›
Washington bans import of cotton and tomato products from China’s Xinjiang region over forced labor by Uighur Muslims
The Trump Administration has announced a ban on all cotton and tomato products from western China’s Xinjiang region over alleged forced labor issues from detained Uighur Muslims. In a statement, the U.S. Customs and Border Protection said, the order applies… Read More ›
Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
Citigroup Inc combines wealth management under Citi global wealth
In a statement, Citigroup Inc said, it has created a single wealth management business called Citi global wealth to deliver its products and services to clients, including ultra-high net worth individuals. The newly formed unit, formed by combining wealth management… Read More ›
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