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The world’s largest semiconductor chip manufacturer Intel invests $475 million into its Vietnam division. Which will help in adopting more advanced technology and move beyond its key central processing unit. Intel Vietnam, gets a 50% increase from previous investments, to manufacture core processors and 5G products, the company said the expansion was to help it […]
Jack Ma , the e-commerce ( Alibaba ) giant founder emerges after months out of the public eye that has triggered speculation about his whereabouts as his companies face regulatory probe. The billionaire, Jack Ma had made some comments in October that appeared critical to china’s financial regulator leading to the IPO of Ant Group […]
Haven, The Joint Venture created by Amazon, JP Morgan Chase and Berkshire Hathway to lower health care costs for their US employees will be dissolved exactly three years after its formation. On January 2018, Berkshire Hathaway’s Warren Buffet, Amazon’s Jeff Bezos and the investment banking giant JP Morgan Chase announced the plan to create a […]
The leading Digital currency Bitcoin saw its surge beginning this year with its price passing $30,000 for the first time with more investors and traders betting that it is on its way to become a mainstream payment method. The price of the Cryptocurrency traded as high as $31824 early Saturday, with almost all markets, it […]
The German aircraft manufacturer Volocopter is all set to launch its first flying electric taxi service in Singapore within the next three years. The taxis developed by volocopter are electrically powered that take-off, land vertically and is also emission-free; it can accommodate up to two passengers and fly directly to the destination. The company had […]
AT&T Inc and Sony Pictures Entertainment announced that AT&T has agreed to sell its anime streaming service Crunchyroll to Funimation Global Group for $1.175 billion. Funimation Global Group is a joint venture between Sony Pictures Entertainment Inc and Sony Music Entertainment Inc’s subsidiary, Aniplex Inc. Sony’s Funimation Global Group has one million paying subscribers will […]
Australian and Japanese company Transborders Energy has signed a MOUS with research, oil and gas industry to develop Australian offshore CO2 capture and storage hub project. It’s a joint partnership between the leaders in oil and gas sector and researchers to co-develop the project – the deepC Store project. In one of five priority technologies, […]
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia announced the expansion of its flagship localization program to boost domestic supply chains and to increase local content. It is a notable milestone in the company’s In-kingdom total value Add (iktva) program, through Industrial Investment Program (IIP) the company includes the expansion for […]
The European Commission has fined the pharmaceutical companies Teva and Cephalon a total of €60.5 million for a ‘pay for delay’ agreement, for several years. The fines imposed by the European Commission on Teva and Cephalon are €30 million and €30.5 million respectively. According to EC the antitrust rules were violated by the agreement and […]
Diplomatic tensions rise between Australia and China due to anti – dumping measures imposed by China on Australian wine, Australia said it was “extremely disappointed” with china’s decision to impose preliminary tariffs. David Littleproud, Australia’s Agriculture Minister said “Today’s decision is a seriously concerning development and one which Australia will be vigorously fighting against,” “The […]
IBM has teamed up with Infocomm Media Development Authority ( IMDA ) to hire and train 300 Singaporean professionals over the next four years; Applicants will receive training to improve digital skills . This program involves training for roles such as cloud architects, data scientists, Big data engineers, UX Designers, Full-Stack Digital Developers and Digital […]
Deutsche Bahn, The German Railway Company and Siemens Mobility have announced plans to test hydrogen – powered fuel cell trains. This technology is expected to reduce CO2 emissions and eliminate diesel units. It was mentioned by the companies in a joint statement that testing phase will commence in 2024. To develop hydrogen powered prototype vehicle, […]
