On Tuesday, in a statement Honda Motor Co Ltd said, it plans on spend $64 billion on R&D over a span of 10 years. The development marks the Japanese giant laying out its ambitious target to roll out 30 electric vehicle… Read More ›
development
Mercedes-Benz opens second R&D centre in Shanghai
On Friday, Germany’s Mercedes-Benz Group AG said, it has opened a research and development (R&D) centre in Shanghai which will focus on mobility technology. The opening of the new centre will be its second R&D facility in China. The centre will… Read More ›
Pentagon awards Lockheed Martin, Northrop Grumman, Raytheon to develop missile defense system against hypersonic weapons
In a statement the Pentagon said, it has chosen Lockheed Martin, Northrop Grumman and Raytheon to develop a missile defense system that can protect the United States against hypersonic weapons. The three defense giants have been awarded separate contract agreements totaling to… Read More ›
British foreign minister Liz Truss to pursue trade deal with Gulf countries in her visit to Saudi Arabia and Qatar
British foreign minister Liz Truss will be travelling to Qatar and Saudi Arabia this week to pursue a potential trade deal with Gulf countries as well as to deepen diplomatic ties. During her visit, Truss will meet her Saudi counterpart… Read More ›
Turkey mulls boosting defense ties with Russia
On Thursday, in a statement Turkish President Tayyip Erdogan said, Ankara is considering stepping up joint defence industry collaborations with Russia in areas including engines for fighter jets and submarines. The development comes in the wake of a meeting with… Read More ›
UK should flip business tax on its head: Confederation of British Industry
In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›
GlaxoSmithKline expands England R&D facility, plans on raising $552.76M
On Friday, British pharma giant GlaxoSmithKline said, it plans to set up a new life sciences campus within its R&D site in Stevenage, England, by raising up to $552.76 million (400 million pounds) by selling some land at the facility. In… Read More ›
UK plans on capitalizing scientific breakthroughs for public good
In a statement the office of British Prime Minister Boris Johnson said, he would lead a new initiative to capitalize on scientific and technological breakthroughs made in the country with the purpose of directing research into areas that will benefit… Read More ›
Bristol-Myers Squibb Co and Eisai Co to jointly develop, market experimental cancer drug
In a statement, Bristol-Myers Squibb Co and Eisai Co said, they had entered into an agreement to jointly develop and market an experimental cancer drug worth up to $3.10 billion. Bristol-Myers would pay $650 million, including for research and development… Read More ›
Biden Administration backs oil drilling project in Alaska
The Joe Biden Administration has defended a proposal by ConocoPhillips for developing oil fields in Alaska, backing the drilling project which was approved under the Trump Administration. “A Wednesday filing by the U.S. Department of Justice continues to defend a… Read More ›
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