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Tesla Nearing Level Five Autonomous Driving Technology

Leading electrical vehicle manufacturer Tesla Inc. (TSLA) is very close to achieving level five autonomous driving technology. The company’s founder and CEO Elon Musk made the sentiments giving reference to the ability of their cars being able to navigate roads without any assistance from a driver. “I’m extremely confident that level 5 or essentially complete […]

Chip Demand Propels Samsung to Beat Analysts’ Estimates in Q2 Results

Giant tech company Samsung Electronics Co Ltd (005930) has reported its results for the second quarter of the year recording a 23% increase in operating profit in the quarter ending June 30. The company attributes this good performance to an increased demand of solid chips caused by global staying and working at home directives due […]

Berkshire to Acquire Dominion Energy’s Gas Assets for $4 Billion

Berkshire Hathaway Inc. (BRK) made it public that it will be purchasing the natural gas transmission and storage network of Dominion Energy Inc. (D) in a deal worth $4 billion. Dominion says it resulted to selling the gas assets so as to concentrate on utilities operations. On the other side, Berkshire says this deal will […]

Dominican Republic’s Opposition Wins Presidential Elections

Dominican Republic went into elections in recently concluded weekend to elect a new leader for the Caribbean nation. Presidential candidate and opposition leader under Modern Revolutionary Party (PRM) Luis Abinader, was declared the winner in the elections on July 5. This victory and announcement brought to an end the 16 years the ruling party has […]

Bozoma Saint Named New Netflix Chief Marketing Officer

Leading production and media services company Netflix Inc. (NFLX) has named Bozoma Saint John as its new chief marketing officer. Bezoma will take over the office in August. This move will for sure makes the company look better as it has added a high profile black executive to senior management a time when global protests […]

Singapore Exchange to Acquire 80% Stake in BidFX for $128 Million

Singapore based investment holding company Singapore Exchange Limited (SGX) has announced that it will be cashing out a whopping $128 million to acquire 80% stake in forex trading platform BidFX. Singapore exchange says this acquisition deal is among other several it will be undertaking as it seeks to make entry into the foreign exchange futures […]

Once Again Walt Disney Postpones Release of Mulan

Walt Disney Co. (DIS) announced having postponed live action release of widely watched classic animation ‘Mulan’. Disney pushed the release to August 21 further saying it will be a blow to theater operators who were looking forward for live release of the blockbuster animation. Initially, Mulan was set to premiere in March but due to […]

Amazon to Acquire Self Driving Car Startup Zoox

Online retailer Amazon Inc. (AMZN) will officially acquire self-driving car startup Zoox Inc. Internal sources revealed the e-commerce giant had reached an agreement to purchase the Foster City based self-driving company for over $1 billion. The Information was the first to publish the revelation, citing no specific amount for the deal but it is expected […]

Amazon Expanding Operations in Australia

Leading online retailer Amazon Inc. (AMZN) has announced its upcoming plans of expanding its operational activities in Australia. The company will be building a warehouse in Sydney, additionally it will be looking for a strategic location around Melbourne suitable for establishing a giant facility. In a different stock exchange filing, Australia based Brickworks Ltd (BKW) […]

Hyundai and LG Chem Might Build an EV Battery Plant in Indonesia

South Korea based auto manufacturer Hyundai Motor Group (KRX: 005380) and largest South Korean chemical company LG Chem might be building an electric vehicle battery manufacturing plant in Indonesia anytime soon. Insider sources involved with the matter revealed the two companies are almost reaching an agreement on the upcoming joint venture. More precise details about […]