Business News

Didi Chuxing to launch driverless taxis in Shanghai as it struggles to meet growing demand

Robo-taxis can help Didi Chuxing in the near term as the ride-hailing service can presently meet only 65% of the demand of its huge customer base.

Nov 20, 2019

By R. Ghosh

Zungoli village in Italy €1 house forsale

Italian village sells homes for €1 to attract buyers; how to buy your dream house?

A village in Italy named Zungoli is offering houses at a dirt-cheap price for €1, in a bid to revitalize their dwindling communities

Nov 19, 2019

By Vinod DSouza

Airbnb inks $500 million sponsorship deal with IOC for 10 years, weighing IPO ahead

The nine-year deal that covers five editions including next year's games in Tokyo, places Airbnb among the 12 top sponsors for Olympics.

Nov 19, 2019

By R. Ghosh

us-not-among-nations-grounding-boeing-737-max-8-jets-after-fatal-ethiopian-airlines-crash

Another blow for Boeing as Ethiopian Airlines ditches Boeing 737 Max; plans to add Airbus A350 to fleet

Ethiopian Airlines has more than 20 pending deliveries of Boeing 737 Max, which haven't moved since the grounding of the aircraft.

Nov 19, 2019

By R. Ghosh

Ford launches Mustang Mach-E: Here's all you want to know about all-electric SUV

Mustang Mach-E is Ford's first all-electric SUV, which costs $44,000 and will be available at the dealership by beginning of fall 2020

Nov 19, 2019

By R. Ghosh

Hard disks are pictured inside a server room at a company in Bangkok

Alibaba paves the way for use of Blockchain technology In mainstream E-commerce

China's plans to adopt blockchain technology are no more just talk! The country's biggest e-commerce company Alibaba used the technology to record its biggest sales day ever.

Nov 19, 2019

By Noel Benjamin Nishant

Coty buys major stake worth $600 million in Kylie Cosmetics; aims to tap reality star's social media followers

The all-cash deal will make the cosmetic giant responsible for the overall portfolio management, while Kylie Jenner will be overseeing the brand's creative efforts and communications

Nov 19, 2019

By R. Ghosh

China's Alibaba secures $3 billion loan to finance acquisition spree

Alibaba Singles' Day sales logs 5.44 lakh orders per second

The company also used RDMA network among others for easily processing a large amount of order and traffic during peak sale hours

Nov 18, 2019

By IANS

Robocalls hit an all-time high; anti-robocall bill likely to be passed by Senate

More than 5.7 billion robocalls were made in October, taking yearly figures to more than 49 billion.

Nov 18, 2019

By R. Ghosh

Saudi Aramco flotation values oil giant at $1.7tn

It is short of the $2 trillion valuation that Crown Prince Mohammed bin Salman was reportedly keen to achieve

Nov 17, 2019

By IANS

Samsung invests record $13.1 bn in R&D in first nine months

The ratio of R&D spending to sales reached 9 per cent as of September, up from 7.7 per cent at the end of last year

Nov 17, 2019

By IANS

Samsung

Holiday season likely to help toy sales rebound; retailers gear up

Toy sales grew 3% to $3.69 billion the third quarter, much to the relief of ailing toymakers. The rebound is more likely given that the all-important holiday season has always seen a surge in toy sales.

Nov 17, 2019

By R. Ghosh

UAW strike costs General Motors $3 billion; Fiat might be the next victim

A large proportion of Fiat's employees comprise non-full-time workers, which makes it more prone to face a strike in the coming days.

Nov 17, 2019

By R. Ghosh

Crisis deepens as Boeing leaves it to regulators to decide on time of 737 Max's return to service

Boeing's announcement comes following reports that the U.S. Federal Aviation Administration head Steve Dickson has asked his team to "take whatever time required" to review Boeing's 737 Max.

Nov 17, 2019

By R. Ghosh

Elon Musk ramps up hiring in China; adds 33% more jobs as Tesla US jobs decline

A couple of days after launching its Made-in-China version of Model 3 sedan, Tesla announced its fourth Gigafactory in Berlin

Nov 17, 2019

By R. Ghosh

Elon musk

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