Nissan has tested the autonomous version of the LEAF in Silicon Valley and in Tokyo. This marks its first test in a European city. Nissan took the first step towards the testing of its first self-driving car in Europe. Guided… Read More ›
Europe
German manufacturing jobs safe from PSA Group’s Opel takeover deal
Brexit has placed Opel’s Vauxhall sites at a distinct disadvantage. With the PSA group’s planned acquisition of GM’s European operations, jobs, and sites are facing potential cutbacks. As per German Sunday newspaper Bild am Sonntag, the PSA Group has pledged… Read More ›
Snap Inc’s forecasts $1 billion for Amazon’s cloud services
Snap already has a $2 billion contract for Google’s cloud services. The $1 billion it plans on spending on Amazon’s cloud services is in addition to its Google cloud service commitments. Eventually, Snap plans on investing in its own data… Read More ›
China comes of age on the world stage with its Silk Road program
With Donald Trump playing the home card, and with a disgruntled Britain opting out of the European Union, China seeks to capitalize on the billions it has sunk in on its much vaunted Silk Road program by presenting it as… Read More ›
UK based Reckitt Benkiser in advanced talks with Mead Johnson for a potential takeover
Analysts have said the potentially 16.7 billion will see the “health and hygiene” company move into “infant nutrition” which isn’t such a big leap considering the grey area between healthcare and food. The Reckitt Benckiser Group Plc, best known for… Read More ›
Theresa May clears first legislative hurdle with her Brexit plans intact
With a clear majority, this first step was expected to be smooth sailing. In the next, she will have to move more deftly so as to not expose her Brexit strategy before negotiations begin. In a significant first step that… Read More ›
Cap on roaming charges could significantly diminish across the European Union
EU’s digital chief is pushing lawmakers to collaborate and hammer down the caps on roaming charges across the EU. The European Union’s digital chief has made it amply clear that the failure to cross the last remaining hurdle of abolishing… Read More ›
Bitcoins have registered a growth of 125% in 2016
Traded heavily in China, the cryptocurrency is used to go around capital control norms placed by China’s ruling bosses. In a significant development, bitcoin has jumped above $1,000 for the first time in 3 years. It has outperformed all currencies… Read More ›
European Banks need to defend their interest more vigorously against U.S. rivals: Deutsche Bank chairman
While Deutsche Bank has ruled out a merger or a bailout, its chairman has called for a more vigorous defence for European banks and cautioned that global banking rules, should not be lopsided. German newspaper Frankfurter Allgemeine Sonntagszeitung has cited… Read More ›
Europe to boost defence spending
Facing threats from several fronts, military commanders from NATO and EU have decided to boost military spending. Top European military & NATO officials gathered in Berlin to discuss ways to deal with threats facing Europe and address concerns raised by… Read More ›
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