Tag: said
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China’s shoppers are spending again
By Keith BradsherBEIJING: Right before executives and car enthusiasts could gather in Geneva for the big auto show there in early March, the organizers called it off. As the coronavirus spread, other shows followed suit: Detroit, Los Angeles, New York, Paris and São Paulo.So after a long lull, the first major auto show since the…
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‘Truly revolutionary’: Elon Musk hails Tesla battery breakthrough
Billionaire offers glimpse of EV firm’s attempts to develop more economical, more efficient battery cells at Tesla’s AGM Elon Musk claims Tesla engineers have achieved a”major breakthrough” in battery technologies, which he forecasts could dramatically cut manufacturing costs, boost the selection of vehicles and hasten the shift towards renewable energy. Among a raft of announcement…
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Wall St ends lower on fears of slowing economy
Wall Street’s major indexes fell sharply on Wednesday after data showing a cooling system of U.S. business activity along with the stalemate in Congress over more fiscal stimulus increased concerns about the economy while the coronavirus pandemic remains untouched. The Nasdaq and S&P 500 dropped more than 2 percent, and all 11 of the major…
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Toyota says it won’t expand further in India, blames ‘we don’t want you’ taxes
By Anurag KotokyToyota Motor Corp. won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic.The government keeps taxes on cars and motorbikes so high that companies find it…
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SpaceX veterans pass milestone in plane race
By Dana HullSilicon Valley has been hard at work on the vexing challenge of autonomous cars. Now veterans of SpaceX and Tesla Inc. are announcing what they’ve been up to: a new startup working on self-flying planes for cargo.Reliable Robotics isn’t trying to invent a new kind of aircraft. The idea is to bring autonomous…
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From Amazon to Tesla, SoftBank bets $3.9 bln
By Pavel AlpeyevSoftBank Group Corp. has invested about $3.9 billion into 25 of the world’s largest technology companies including Amazon.com Inc., Tesla Inc., Netflix Inc. and Alphabet Inc.The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe Inc. and $189 million of Netflix,…
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Florida Teenager, Alleged ‘Mastermind’ Of Massive Mid-July Twitter Hack, Arrested And Charged
Even a 17-year-old resident of Tampa Bay, Florida, was arrested and charged Friday for the enormous Twitter hack in mid-July that caused some billionaires, politicians and celebrities to tweet instructions to donate bitcoin, also motivated Twitter to lock users that were supported from the account in reaction since they attempted to tackle the issue. The…
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People fear they’ve got too much cash in their bank accounts
From Donald MooreThe savers are becoming restless.Running out of guaranteed ways to become meaningful yields, some of us are increasingly being tempted to raid their interest-earning cash savings to load up on resources such as bitcoin, gold and stocks. The comfortable, if small, yields of high-yield savings account are appearing less palatable as volatile assets…
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World’s most valuable carmaker: How Tesla defined a new era for the auto industry
FRANKFURT/BEIJING/DETROIT: Tesla Inc’s rapid rise to become the world carmaker could indicate the start of a new age for the international car industry, characterized by a Silicon Valley strategy. Tesla’s ascent took several investors . But executives at Daimler AG, the parent firm of Mercedes-Benz, needed a close-up view beginning in 2009 of Tesla and…
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Vodafone targets 100 per cent renewables-powered mobile network in 2021
Mobile phone giant suggests target to slash emissions from companies which use services and its network Vodafone has announced plans to shift its whole European cellular network to run on 100 percent renewable electricity by no later than July 2021, along with a new target to assist its business clients slash their climate effect during…