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Northvolt Makes First Battery Cell in its Sweden Gigafactory

Sweden based battery developer and manufacturer Northvolt AB announced having produced its first battery cell from its new gigafactory in northern Sweden on Dec 29. The assembling of this first battery cell makes Northvolt the first company from Europe to design and produce a battery in the region. The produced battery cell is a prismatic […]

Twitter Fined $40,920 by Russia for Failing to Delete Banned Content

Widely used social media platform Twitter Inc. (TWRT) has been slapped with a fine of $40,920 by a Moscow court for failing to delete content from its platform which the government of Russia terms illegal. Since the year began, Russia has been cracking the whip on foreign technology company operating in the country. Since Russia […]

Musk Paying More Taxes Than Any Other American in History This Year

American billionaire Elon Musk will be paying more taxes than any other American in history this year. The founder and chief executive officer of leading electric car maker Tesla Inc. (TSLA) made this revelation following an altercation on Twitter with Democratic U.S. Senator Elizabeth Warren. Back last week, after Time Magazine announced Musk as the […]

Intel Injecting $7 Billion Investment to Set Up a New Factory in Malaysia

United States based technology company and world leading chip manufacturer Intel Corp. (INTC) will be investing a whopping $7.1 billion to set up a new plant in Malaysia. The new plant will be used for chip-packaging and testing and it will be creating employment opportunities for over 5,000 people. This announcement was made by the […]

Norvatis Announces a $15 Billion Share Buyback Program

Global healthcare company providing solutions to meet the changing needs of patients across the world Norvatis AG (SWX: NOVN) has announced a share buyback program which will be executed by 2023. The company made this announcement on December 16 further adding that the program is aimed at increasing its confidence in its top-line growth and […]

Apple Declares Wearing of Masks Mandatory in its U.S Stores Amid Rising COVID-19 Cases

IPhone manufacturer and developer of computer software and online services Apple Inc. (AAPL) has declared wearing of masks mandatory in its United States stores following rising cases of ne COVID-19 infections in the country. “We regularly monitor conditions and we will adjust our health measures in stores to support the wellbeing of customers and employees,” […]

Toyota to Spend $35 Billion on Battery Electric Vehicles by 2030

Leading Japan based car manufacturer Toyota Motor Corp. (TYO: 7203) says that it will be spending $35 billion to build a line-up of 30 battery electric vehicles (BEV) by the year 2030. The company will be undertaking this initiative as part of it wider program geared towards producing zero emissions vehicles. “That would be part […]

Times Magazine Names Elon Musk 2021 ‘Person of the Year’

The Times Magazine has named billionaire, founder and chief executive officer of Tesla Inc. (TSLA) Elon Musk, 2021 Person of the Year. The year will always remain dear to the company since it’s a year when Tesla became the most valuable car manufacturer in the world. The market valuation of the company rose past the […]

South Korea to Use Facial Recognition to Track COVID-19 Cases

South Korea is set to start using artificial-intelligence powered facial recognition system and thousands of CCTV cameras to track the movements of people infected with the coronavirus in the country. This system uses an artificial intelligence algorithms and facial recognition to analyze footages from captured by over 10,820 CCTV cameras and track the movements of […]

Elon Musk Contemplating Resigning From His Jobs

Billionaire and chief executive officer of Tesla Inc. (TSLA), Elon Musk, is contemplating leaving his jobs and switching over to an influencer. Musk made this revelation through twitter where he’s normally very active and uses the platform to make major announcements. “Thinking of quitting my jobs & becoming an influencer full-time wdyt,” tweeted Musk. It’s […]