NEWS
NEWS
, Quibi shuts shop in 6 months, cites bad timing as the cause
Quibi, the short-form mobile video app, could not last the long mile as tough competition, bad planning and the pandemic pushed it out of the market.
, GM’s Iconic off-roader GMC Hummer EV breaks the internet on debut
General Motor’s GMC Hummer EV was sold out in the US in just 10 minutes of its reveal online, despite a steep price of $112,595.
, US DoJ brings lawsuit against Google for malpractices in business
A lawsuit against Google for its anticompetitive practices says that it has resulted in Google securing nearly 90 percent of all general-search-engine queries in the United States, and almost 95 percent of queries on mobile devices.
, Intel Sells Nand chip unit to Sk Hynix for $9 billion
The Santa Clara, California-based company now lags behind some industry players in manufacturing technology and needs to refocus on its priority or risk losing its lead position in chip making.
, Wind and Solar Energy cheaper than fossil fuel as electricity source
Wind and solar power are the cheapest form of new electricity in most of the world today.
, Logitech declares 75% jump in sales in Q2 results
Logitech announced better than expected Q2 results riding on increased sales of peripherals due to people refitting for work from home in the new pandemic driven reality.
, SpaceX continues to bolster its internet satellite Starlink with additional launches
Internet connections are going astral with SpaceX putting a slew of Starlink satellites in the near-earth orbit to bolster speed and connections.
, Tesla updates Model Y range capacity
Tesla has sent a range update for its Model Y cars which will hike up performance to 325 miles. The car’s HVAC has been upgraded.
, BP To Make Global Job Cuts Mandatory : BP Layoffs 2020
Only a quarter of BP’s planned 10,000 job cuts is going to be voluntary. According to an internal memo, BP plans to make 7,500 mandatory redundancies this year.
, Sony launches 3D display device ‘Spatial Reality Display’
Sony’s latest 3D display device ‘Spatial Reality Display’ allows you to review your creations in 3D without having to use cumbersome 3D glasses or …
, Rising Sea levels Investment Risks for Municipal Bonds, says Moody Report
Rising sea levels are a credit risk for investors in coastal states’ infrastructure and municipal bonds.
, Musk Announces new price for Model S to undercut rival Lucid’s Air cost
Elon Musk of Tesla tweeted a price cut for its Model S in response to the rival new startup Lucid’s announcement of its Air model price.
, Low-income countries in debt stranglehold, says report
Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.
, Wells Fargo terminates 100 employees for siphoning relief aid from SBA
Evidence has regularly come out of how the stimulus package floated by the government under the CARES Act has been wildly misused by large corporate houses and even senators for pandemic relief.
, Solar cheapest electricity power now, says IEA
Solar and wind energy will lead the surge in renewables in the coming decades, says world body on alternative sources.
, Mitsui to end investments in coal-run power stations
Mitsui of Japan has said it will end investments in fossil fuel power stations to meet its goals of zero emission by 2050. Japanese financial firms are leading investor in coal projects worldwide.
, Alphabet’s X Lab Develops Robotic buggy that collects Deep Data of individual plants
The Mineral team of X Labs from Alphabet has developed a robotic buggy that can help agriculturists embrace the complexities of growing food.
, Singapore Airlines Opens Pop-up Restaurant in 380As
Desperate times call for desperate measures and Singapore Airlines is doing that. Its pop-up restaurant seats sold out in just half an hour.
, Failure to agree on global digital tax reforms could cost $100 billion, OECD warns
The Organization for Economic Cooperation and Development (OECD) has proposed to rewrite international tax rules which could shed more than 1% of output and trigger a trade war. The proposed global tax overhaul would make digital companies pay their fair share of tax in countries where they do business, rather than where they register subsidiaries. This could boost national income tax revenues by a total of $50 to $100 billion a year, the OECD estimates.
, 2021 Audi R8 RDW Review: Performance, Availability and More
The Audi R8 has simplicity in designs and styling with one of the most potent engines inside.
, France ups the ante by increasing penalty tax on carbon emissions by cars
France introduces a new carbon emission tax plan that will make buyers of gas-guzzlers like Porsche and Ferrari to reconsider their purchasing decision.
