According to a source familiar with the matter at hand, Tesla Inc has reached a settlement with the U.S. state of Michigan to allow it to directly deliver its electric vehicles to customers in the state. Tesla will be allowed… Read More ›
Strategy
Whether An Employee Can Plan Rival Startup While On Job To Be Tested In Apple’s Lawsuit
A court case involving a former Apple Inc executive is trying to establish whether it is justified for an employee to plan a competing venture or a startup even while he or she is on the payroll of a company…. Read More ›
New Survey Shows Erosion In Trust On Capitalism Due To Increasing Wealth Inequality
A survey conducted by public relations firm Edelman just prior to the gathering of the politicians and business tycoons of the world in the Swiss ski resort of Davos has revealed that there is a loss of confidence in capitalism… Read More ›
SARS-Like Coronavirus Outbreak Puts Chinese Travel Industry In A Spot
In the wake of a nationwide fears in China related to a new virus, cancellation fees for trips to the central Chinese city of Wuhan are being waivered by China’s biggest online travel agency, said reports. The 2020 Lunar New… Read More ›
Britain’s TalkTalk sells fiber optic network to CityFibre for $260 million
On Tuesday, British broadband supplier TalkTalk stated, it has agreed to sell its fiber network to CityFibre for $260 million (200 million pounds). TalkTalk said it had agreed to a wholesale agreement with Goldman Sachs-backed CityFibre for its residential and… Read More ›
Uber sells Uber Eats India to Zomato in exchange for 9.99% stake in Zomato
Uber has sold its online food ordering business in India to Ant Financial-backed Zomato in exchange for a 9.99% stake in Zomato. The deal essentially limits its exposure to the Indian market where it has struggled to grow. The all-stock… Read More ›
Chinese strategy of wearing down opponent with prolonged negotiations not working, EU won’t meet China halfway in investment talks: EU Trade Chief
During a press conference held by business lobby group BusinessEurope, EU trade chief Phil Hogan made it amply clear that the European Union wants China to protect foreign investment and increase access to its investment market in 2020. The EU… Read More ›
US To Review Complaints Of Sudden Acceleration Of About 500,000 Tesla Cars
Following reports of sudden unintended acceleration in Tesla cars, authorities in the United States has decided to investigate and recall about 500,000 vehicles of the US based electric car maker. This was announced by the National Highway Traffic Safety Administration… Read More ›
New Software Issue In Boeing 737 Max Could Delay Return, Boeing Claims To Addresses The Issue
The return to commercial flight of the grounded 737 Max planes of Boeing could be delayed further because of a new software issue that was identified while undertaking a technical review of the proposed update to the 7373 Max planes… Read More ›
Chips And Electric Car Batteries Should Be Made In Europe, Says Angela Merkel
Member countries of the European Union need to enhance their technological abilities and aggressively push for development in the areas such as manufacturing of catteries for electric cars and in cloud computing – believes the German Chancellor Angela Merkel. in… Read More ›
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