Customers would now get a new version of Tesla’s lowest priced car, the Model 3 which would be priced at a slightly lower rate than the current model. Terming the new model a “lower cost, mid-range Tesla Model 3”, the… Read More ›
Sustainability
Following Detaining Of Its Employee, Some China Travel Curbs Placed By UBS
Following the detaining of an employee of the UBS Group in China, restrictions on staff travel to China have been imposed by two large global wealth managers. The incident underscores the challenges that are faced by foreign businesses of doing… Read More ›
Global Auto Companies Hit By Slowing China Sale
The performance of vehicle manufacturing companies throughout the world is being affected by the slowdown in the Chinese market of auto sales in the month of September. Data from multiple sources show that there was a 11.6 per cent drop… Read More ›
Saudi Arabia’s Economic Dreams Threatened By Business Backlash Over Khashoggi Issue
It was about a year ago that the Crown Prince of Saudi Arabia Mohammed bin Salman pledged before a host of prominent foreign investors with going ahead with his plans for the transformation of the kingdom’s economy ad drive the… Read More ›
US Federal Reserve Is ‘Out Of Control’, Says President Trump
US President Donald Trump gas continued salvo against the US central banker the Federal Reserve and called the institution “out of control” and “far too stringent”. While saying that he was not considering removing Fed chairman Jay Powell, but he… Read More ›
JV For Creating Interactive Storytelling Announced By Walmart And Eko
Walmart Inc is venturing into the business interactive video technology with a strategic partnership with Eko. Through this joint venture, Walmart intends to engage in the development of original, interactive content which would help Walmart to better connect with its… Read More ›
BMW To Increase Stake In Chinese JV Due To Relaxed FDI Norms In Auto Sector
BMW will be among the first foreign auto makers to take advantage of the relaxed ownership norms in China and the relaxation in investment restrictions – aimed to provide more control to foreign companies in the largest auto market of… Read More ›
Tesla’s Major Shareholder Invests In Chinese Rival, Shares Fall
There was another bit of bad news for US based electric car maker on Wednesday after reports revealed that its Chinese rival electric car maker Nio has received investments from Tesla’s one of the largest shareholders – Baillie Gifford. The… Read More ›
Softbank Can Take Up Majority Stake In Loss Making Startup WeWork: Reports
Japan’s SoftBank Group Corp is potentially placing a large bet – and potentially its biggest one, on a loss-making startup – the U.S. shared office space provider WeWork Cos, and talks for the same is ongoing, according to media reports… Read More ›
Toyota And Softbank Join Hands To Launch Autonomous Vehicle Project
In a continued trend among auto makers where they are forging partnerships with other firms for the development of autonomous vehicles, Japanese auto maker Toyota has teamed up with SoftBank to work together on a project called Money where the… Read More ›
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