Sterling Anderson former head of Tesla’s Autopilot system, and Chris Urmson, ex-head of Google’s self-driving program, have launched a startup in Silicon Valley by the name of Aurora Innovation. Tesla has sued the former head of its Autopilot system, which… Read More ›
Strategy
As E-Books Falter, Ink and Paper is the Bet for German Media Giant
‘No’ is the answer to the question of whether paper books – those things printed in ink on paper, been killed by the advent of e-readers such as the Amazon Kindle. And if Thomas Rabe is to be believed, the… Read More ›
$30 million to be Invested in Blockchain Provider BitFury Group by HK Fintech Company Credit China Fintech
With the aim of focus on promoting the blockchain technology in China, Hong Kong-listed fintech company Credit China Fintech Holdings and Blockchain infrastructure provider BitFury Group set up a joint venture. The annoucementof te benture was made on Thursday. $30… Read More ›
UK’s car industry reels under Brexit heat
A clean break with EU’s single market will leave the UK’s car industry high and dry. It is no wonder that car manufacturing companies in the country have lobbied hard against Brexit. Brexit has not only put London’s financial credentials… Read More ›
Harvard Management Co to outsource most endowment management
Harvard Management Co oversees the United States’ largest endowment. The Wall Street Journal has reported citing sources familiar with the matter at hand that Harvard University’s investment arm is likely to outsource the management of its $35.7 billion endowment and… Read More ›
Exxon names Susan Avery to its board of directors
An environmentalist, Susan Avera is the former head of the Woods Hole Oceanographic Institution who is also a former professor at the University of Colorado, Boulder. In a significant development that potentially bodes well for the environment, the world’s largest… Read More ›
As Lawmakers Challenge Her Power, U.K.’s May Faces Brexit Revolt
U.K. Prime Minister Theresa May’s talks over leaving the European Union is getting complicated as she is battling a rebellion from her own lawmakers. Demanding that May publishes an official government document detailing her negotiating goals, at least six Conservative… Read More ›
Cisco acquires appmaker AppDynamics for $3.7 billion
Although analysts have stated that the acquisition “appears to be high”, most view the development in positive light since it could boost Cisco’s revenues. With Cisco Systems Inc looking to expand beyond its core networking business, the computing giant announced… Read More ›
EU tells China to walk the talk
Although Chinese President Xi Jinping has called for “inclusive globalization” China itself has enforced strong capital controls and has placed measures that impede global investment in its economy. With Chinese President Xi Jinping talking about protectionism at the World Economic… Read More ›
GE could potentially prop up Nigeria’s oil assets
The development has manifold potential for Nigeria – not only will it substantially slash its oil import bill but it could also strengthen its creaking power grid. In a strategic move aimed at recouping sunken cost in Nigeria’s oil refineries,… Read More ›