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 ›
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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 ›
India To Purchase Russian Missile Defense Systems Despite Chance Of US Sanctions
Despite warnings of sanctions from the United States, a weapons deal worth $5 billion was signed between India during the visit of Russian president Vladimir Putin to India mfor the annual bilateral meeting which was aimed at discussions cooperation opportunities… Read More ›
Richard Branson Hopes To Take Virgin Galactic To Space In Weeks
The billionaire chief and founder of Virgin Galactic, Richard Branson, the first craft of the company would fly into space within week and not in months as was being predicted. The firm is in a race with Jeff Bezo’s Blue… Read More ›
IMF Warns World ‘Would Be Poorer’ Due To Full Blown Trade War
The latest assessment of the global economy by the International Monetary Fund warned that the world would become a “poorer and more dangerous place” because of the trade war between the US and China. The forecast for global growth for… Read More ›
Tesla’s Musk Ready To Fight SEC Charges, But Also Ready To Settle: Reports
According to reports in the media quoting sources, a settlement with the SEC can be made by Tesla Inc’s Elon Musk in relation to the case filed by the US regulator charging Musk of committing fraud in reference to his… Read More ›
Blackberry’s Transformation Continues Perfectly
The turnaround of the onetime leader of the mobile phone industry – BlackBerry, is apparently going on well, as it attempts to now become a leader in cybersecurity software and connected cars. Software and services account for over 90% of… Read More ›
Australian Banking Industry Misconduct Driven By Greed: Royal Commission
An inquiry into Australian banking system has concluded that a culture of greed is driving incidents of abuse and misconduct in Australia’s banks and financial institutions. Widespread wrongdoing in the banking industry has been exposed by a royal commission this… Read More ›
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