Money

General Motors Set to Launch Personal Autonomous Car by 2025

United States based automobile manufacturer General Motors Co. (GM) is aiming at launching a personal self-driving vehicle by mid-decade. This was revealed by the company’s chief executive officer, Mary Barra, at the Annual Consumer Electronics Show held in Las Vegas. The personal autonomous vehicle is being developed in partnership with fellow automotive manufacturer Cruise in […]

Intel Launches a Special Graphics Chip for PC Gaming

American technology company and world leading chip manufacturer Intel Corp. (INTC) has launched graphics chips aimed at supporting PC gaming. Over the years, computer gaming segment has been experiencing significant growth, fellow chip manufacturer Nvidia Corp. (NVDA) has been dominating this segment. These new chips by Intel are called Arc graphic chips and they are […]

German Finance Minister Pledges Tax Relief of $34.1 Billion From 2023

The German Finance minister, Christian Lindner, says the newly formed German government will be offering tax reliefs to individuals and companies worth 30 billion euros ($34.1 billion) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more than 30 billion euros,” said the Finance Minister. Lindner makes it clear […]

BMW to Create 6,000 Job Opportunities This Year

German based manufacturer of luxury vehicles and motorcycles BMW AG (ETR: BMW) is looking forward to create over 6,000 job opportunities this year as it prepares to address the growing demand for its electric vehicles. This was announced by the company’s chairman of board management, Oliver Zipse. “BMW is on a very good path through […]

DiDi Bans its Employees From Selling Their Stakes in the Company

China based ride hailing company DiDi Global Inc. (NYSE: DIDI) has banned its current and former employees from selling shares of the company indefinitely. The Financial Times was the first to publish the development on its platform on December 28. According to the Financial Times, the 180 day lock-up period after the company’s initial public […]

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 […]

Chinese Regulators Suspends Cyber Security Deal Between Alibaba and Alibaba Cloud

Chinese regulators have suspended a cyber-security deal between leading Chinese e-commerce company Alibaba Group Holding Ltd (HKG: 9988) and its subsidiary Alibaba Cloud Computing. Going with the media reports, the regulators are accusing Alibaba of failing to promptly report and address cyber-security vulnerabilities. According to a recent notice by China’s Ministry of Industry and Information […]

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,” […]

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 […]

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 […]