This legal case, between Alphabet Inc’s Waymo and Uber, is likely to set a legal precedence. It is also likely to lead to further complications for its former CEO, Travis Kalanick. In a damning disclosure, one of Uber Technologies’ attorney… Read More ›
Strategy
SoftBank Group Corp offers to increase stake in Flipkart
While earlier Flipkart was valued at $11 billion, Softbank’s latest valuation pegs it $9 to 10 billion. Japan’s SoftBank Group Corp has offered to buy an undisclosed stake in Indian e-commerce giant Flipkart, and has valued the company in the… Read More ›
Amazon Seeks Second Headquarters Out Of Seattle While Microsoft Plans To Expand Its Existing One There
Millions of dollars are being planned to be expended by Microsoft for refurbishing its present campus in the Seattle area even as its neighbor in the region and another American IT giant -Amazon.com is looking out for a second headquarters… Read More ›
Rare Aggressive Tactic Used By The US To Launch Anti-Dumping Cases Against Chinese Aluminum Producers
For the first time in 20 years, anti-dumping duty and countervailing duty cases against China have been self-initiated by the U.S. Commerce department which has used its discretionary powers to do so. Imports worth $600 million of common alloy aluminum… Read More ›
Nestle deepens its investments in Cuba, lays foundation for $55 million coffee and biscuit factory
Being Nestle third joint venture, this new factory has the potential to double Nestle current turnover of $135 million in the near term. In a significant development, Nestle laid the foundation stone for a $55 million coffee and biscuits factory… Read More ›
General Motors enters elite sports car segment with the Corvette ZR1
With the ZR1 General Motors has high-end offerings from both ends of the car industry – high performance sports car at one end with self-driving cars at the other. The chief of General Motors Co’s global product development stated that… Read More ›
China-based Lynk & Co to piggybacking on Volvo to launch its brand of cars
The strategy to gain valuable experience from Volvo’s assembly line before launching its own production in its plant is likely to be a strategic decision taken by Lynk & Co and taps strategic resources – China’s financial clout, the strength… Read More ›
Humans Will Have Beer On Mars When They Reach There If Budweiser Has Its Way
‘When humans reach Mars, its beer will also be there’, Budweiser had boldly announced last spring. And in what would be the first step that the company is taking towards meeting that ambitious goal, barley seeds which is one of… Read More ›
Airbus, Rolls-Royce And Siemens Team Up For Development Of Tesla-Style Electric Passenger Planes
After hybrid-electric motor-powered trucks by Tesla has caught the fancy of the alternative auto seekers, now that feat is being attempted to be replicated in the air. Attempts of creating a passenger plane that would be powered by a hybrid-electric… Read More ›
UK Needs To Safeguard Its Gas Interests Related To Norway In Brexit Talks To Ensure Continuous Gas Supplies
Norway wants to be included in the Brexit process but says that the U.K. and the EU needs to decide how to include it in the process. The Norway wants that its access to the U.K market should not be… Read More ›