NEWS
NEWS
, Best EV Cars 2020 | How environmentally friendly are these cars?
Check out the list of the favorite everyday EVs of 2020.
, Apple CEO Tim Cook Enters the Billionaire’s Club
Tech stocks that have fared better than most in Corona times due to many reasons, including government fiscal policies, have pushed Tim Cook in the realm of Jeff Bezos, Zuckerberg and Musk.
, Amazon to open fulfillment centers in empty big-brand stores at malls
Amazon is turning ailing Sears and J.C. Penney stores to build new fulfilment centers. It will build 60 fulfilment centers spread across 15 states.
, ITER, World’s Largest Nuclear Fusion Project
The $25 billion nuclear fusion research and engineering megaproject is designed to emit plasma of 500 megawatts (thermal) for about twenty minutes.
, Pioneer in PCs bids Goodbye: Toshiba Exits Laptop business
Toshiba takes a sharp exit out of laptop business as it transfers its outstanding shares to Sharp Corporation.
, Cadillac Showcases LYRIQ, the first from its EV portfolio
Cadillac has introduced LYRIQ, the first car from its portfolio of battery-electric luxury vehicles. The LYRIQ is based on GM’s next-generation, modular electric vehicle …
, Uber earns magnum profits in delivery business; losses in ride sharing
Uber revenue fell by 29% as the ride-sharing company’s gross mobility bookings reduced to 73% year-on-year due to the pandemic.
, Bausch health hives off Bausch + Lomb, news pushes stock prices up
Canada-headquartered Bausch Health Companies Inc plans to hive off its eye-care unit, Bausch + Lomb, into a separate publicly listed company. It acquired the …
, Biogen, Denali to partner for development of Parkinson’s disease Med
The partnership is bound to attract a lot of attention as Parkinson’s, a debilitating degenerative neuro disease has no known cure. A medicinal program will push both companies in positive territory revenue-wise.
, Capital One fined $80 million for breach that exposed 100 million accounts
Capital One Financial Corp. has been penalized $80 million by the U.S. Treasury Department for a data breach of its accounts that occurred a year ago. It has been accused of carelessness in its security network that enabled a hack to access personal information of 106 million credit card holders of the bank.
, Private Equity Firm Blackstone Acquires Ancestry for $4.7 Billion
Fading interest and a tight market have forced Ancestry to seek greener pastures to keep their genomics tree growing.
, Jeff Bezos offloads $3.1 billion worth of Amazon shares
Bezos has a pattern of selling Amazon stock in millions. He made similarly massive sales of Amazon shares earlier this year in February, in 2019 and 2017. Bezos plans to liquidate at least $1 billion of Amazon stock a year to fund his space-exploration company, Blue Origin.
, Ford CEO Jim Retires Mid-Pandemic, COO Jim Farley takes over
Ford announced that its CEO Jim Hackett will step down and will be replaced by Jim Farley the COO. Analysts say the move was inevitable seeing Ford’s performance in recent years.
, Virgin Galactic Announces Mach 3 Space Craft Design, MoU with Rolls Royce
Virgin Galactic aims to fly at supersonic speed and plans space tourism on its futuristic designed aircraft.
, Kodak involved in SEC investigations of insider trading and breach of policy
The US Securities and Exchange Commission (SEC) is looking into Eastman Kodak Co.’s handling of information regarding a massive federal drug loan of $765 …
, A look at major industrial disasters across the world
We do not know if it was a string of poor decisions that led to the deadly Beirut explosion on August 4, 2020. Nonetheless, it’s a clear lesson that when it comes to compliance, there’s much that needs to be done to undo the damage that often claims human lives as collateral.
, BP PLC announces dividend cut, shift to low carbon in second quarter results
BP PLC announced its new strategy for net-zero and a shift to low carbon and customers alongside resilient operating performance during its second-quarter results announcement.
, Prefabricated Skyscrapers by ADDP Pave the Way for Future Construction
ADDP, a Singapore-based firm has come up with prefabricated skyscrapers, which will be aesthetic, built offsite and provide an efficient and environment-friendly way to construct.
, Six Out Of Ten Businesses Cut Investments in Sustainable Practices
COVID-19 has forced many companies to change their priorities and focus on ‘business as usual’ and guarantee their survival,
, Bugatti’s first EV in decades is a $35,000 car
Buggatti, which hasn’t produced an electric car since 1931, is ready to get back on the playing field with the 2020 Baby II, an all-electric Bugatti Toy Car.
, Cybertruck can be heated to spectrum of colors
Tesla’s Cybertruck might be able to get new body color options seeing as creative fans are increasingly imagining up new versions of it.
