Despite facing criticism from “Out” campaigners, the governor of Britain’s central bank has justified stating the risks of such an outcome. Mark Carney, the governor of the Bank of England has denied that by stating the possible short-run costs of… Read More ›
Strategy
Why Mercedes and BMW Should be Scared about Tesla’s Mass-Market Car
Luxury car models of Audi, BMW, Mercedes-Benz, and Porsche are being threatened by Tesla Motors, whose Model 3 electric car enticed 325,000 would-be buyers to put down $1,000 deposits during the week of its debut in April. While making Germany… Read More ›
Hackers use SWIFT’s vulnerability to hack yet another bank
Hackers are relying on the vulnerabilities in SWIFT’s messaging systems to hide their digital footprints. A second bank has been compromised due to these vulnerabilities. In the wake of Bangladesh’s central bank being hacked due to hackers exploiting vulnerabilities in… Read More ›
Saudi oil giant Aramco set for its first ever IPO
In the wake of fluctuating oil prices, Saudi Arabia is trying to diversify and revitalize its economy. The world’s largest exporter of oil Saudi Arabia is in the process of overhauling its economy. The process of partially privatising Aramco, a… Read More ›
Nissan could have controlling stake over Mitsubishi Motors
Mitsubishi Motors has now disclosed that more models have been affected by its fuel-economy scandal than those which have been previously announced. After anonymous sources leaking out the news that Nissan Motor was considering taking up a controlling stake in… Read More ›
Hyperloop One receives $80 million in funding to develop next gen transportation system
Having demonstrated the propulsion system, Hyperloop One is expected to announce the date, sometime next year, of a competition which will determine the location in which the first hyperloop system will be built. A Los Angeles company called Hyperloop One… Read More ›
Apple invests $1 billion in Chinese ride-hailing service
Eyeing a possible future tie-up, Apple has invested $1 billion in Didi Chuxing, a ride-hailing service in China. In a move described by Apple CEO Tim Cook as one that would help the company better understand the Chinese market, Apple… Read More ›
Social Media Outcry Sparked by a Report Claiming Bias in Facebook ‘Trending’ Topics
In a report by the technology news site Gizmodo that was published on Monday that sparked widespread comment on social media, it is alleged that workers at Facebook have often omitted conservative political stories from the website’s “trending” list to… Read More ›
Approval of Charter, Time Warner Cable Merger Confirmed by FCC
Charter Communications Inc’s acquisitions of Time Warner Cable Inc and Bright House Networks were approved in a announcement by the U.S. Federal Communications Commission which confirmed the acquisition on Friday. Approval from regulators in California is the last approval that… Read More ›
Wolfgang Hatz leaves Porsche for greener pastures
Wolfgang Hatz has been Porsche’s top engineer in its R&D department. In the wake of the diesel emission scandal, Porsche’s top engineer has left the company for greener pastures, said Porsche, while clarifying that investigations so far have found no… Read More ›