Economy

Intel’s Autonomous Driving Car Unit Mobileye Set to go Public Next Year

World leading chip manufacturer Intel Corp. (INTC) says that its autonomous driving car division Moblileye will be going public come next year. Sources directly involved with the matter says Mobileye will be having its United States initial public offering (IPO) mid-next year, the IPO is set to leave the company with a $50 billion market […]

Russia Sues Meta and Google for Annual Turnover Fines

Russia’s communications regulator, Roskomnadzor, has files ac court case against U.S based tech companies Alphabet Inc. (GOOGL) and Facebook Inc. (FB) which recently rebranded to Meta. According to the Moscow court which the case was filed, the two companies could possibly end up getting fined for their annual turnover in Russia. Back in October, the […]

Google to Ban Political Ads in Philippine Come Presidential Election Time

Leading search engine Google has said that it will be banning political advertisements from its platform in Philippine during the electioneering period next year when the country will be voting for a new President. Come May next year, Philippine will be going to the ballot to choose a new leader, it’s at this time that […]

Samsung to Supply Volkswagen With New Advanced Auto Chip

Leading tech giant and manufacture of chips and consumer electronics Samsung Electronics Co. (KRX: 005930) will be supplying German automotive manufacturer Volkswagen Group (ETR: VOW3) with new advanced auto chips to be used in cars. These chips will include one which will be mounted on infotainment system developed by electronics company LG Electronics Inc. (KRX: […]

Amazon to Launch Abu Dhabi Fulfillment Center by 2024

Leading United Sates based e-commerce company with investments in cloud computing, artificial intelligence and digital streaming Amazon Inc. (AMZN) will be launching a fulfillment center in Abu Dhabi within the next two years. This development was announced by the Abu Dhabi’s government media office which also revealed that the fulfillment center will be will be […]

China Irked by United States Inviting Taiwan to Democracy Summit

The government of China has been annoyed by the move from the government of United States inviting Taiwan to a Summit for Democracy slated for December 9 and December 10. President’s Biden administration published a list of invited countries this week. The list did not sit well with Chinese government because they count Taiwan as […]

New Buildings in the UK to Have Electric Vehicle Charging Points

It’s now mandatory that new buildings in the UK will be required to install electric vehicle charging points starting next year. This was announced by Prime Minister Boris Johnson who said these changes are as a result of a recent legislation. The Prime Minister said this new legislation will result to 145,000 extra EV charging […]

Ericsson Set to Acquire Vonage For $6.2 Billion

Manufacturer of mobile telecommunication and networking equipment Ericsson (STO: ERIC-B) announced having agreed to acquire United States based provider of business cloud communications Vonage for $6.2 billion. “The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an […]

Bayer’s Chief Executive Rules Out Splitting the Company

Werner Baumann, the chief executive officer of German based pharmaceutical and life sciences company manufacturing biotechnology products, agricultural chemicals and seeds Bayer AG (ETR: BAYN) says that the company is in no way considering splitting its three main business into separate publicly traded companies. “We are going to continue the course, which is developing our […]

Honda Requests Parts Suppliers to Cut Down Carbon Emissions

Japan based automobile manufacturer Honda Motor Co. (TYO: 7267) is asking suppliers of its main parts to annually reduce carbon emissions by 4%. The company which also produces power equipment made this plea on November 16 according to Nikkei. Honda further says that it aiming to begin implementing 2025 fiscal year targets which is set […]