Nobel laureate Jose Ramos-Horta has been inaugurated as East Timor’s new president on Friday. He has pledged to dedicate his time in office to strengthen national unity and forge closer ties with China. Thousands have travelled to Dili, the capital… Read More ›
The US Department of Energy along with General Motors and Rio Tinto are investing heavily in newer technologies that could potentially revolutionize the way lithium is produced for electric vehicle batteries. As of now, these technologies are yet to prove… Read More ›
In a statement Intel Corp said it has launched a new chip specifically designed for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. Intel’s new chip is slated to ship… Read More ›
Payments company Square Inc, led by former Twitter CEO Jack Dorsey has changed its name to Block Inc, underscoring that it looks to expand beyond its payment business into new technologies including blockchain. While the name “Square” had become synonymous… Read More ›
In a statement the CEO of Yahsat, the newly listed satellite company that is partly owned by Mubadala, Abu Dhabi’s state investor, plans to launch a new satellite in two years, aimed at introducing advanced data services to its clients… Read More ›
In a significant development, 8 of the world’s top insurance and reinsurance companies, including Europe’s top three insurers by premiums, Allianz, AXA and Generali, have launched a partnership to help speed up the transition towards a net zero emissions economy…. Read More ›
In a significant development, a group of U.S. Senators urged Commerce Secretary Gina Raimondo to direct her department to move faster and identify American technologies, including emerging ones, that could be misused by China, if it is exported to that… Read More ›
In a statement Lockheed Martin Corp said, it has agreed to acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash. The deal marks Lockheed’s biggest acquisition since its CEO Jim Taiclet became… Read More ›
In a significant development, the energy ministers of the United States, Israel and the United Arab Emirates said, they will develop a joint strategy for greater coordination in the energy sector; the trio will also jointly collaborate to mitigate energy… Read More ›
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
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