After striving for two years, efforts for selling its light detection and ranging (lidar) sensors to other companies has been ended by Alphabet Inc's self-driving unit Waymo, the company announced this week.   This move by the company is in contrast to its previous strategy of selling off...

Despite assurances from the United States based auto giant General Motors of its intention of continuing to maintain a relationship with South Korean battery maker LG Chem, investors of the later company were not convinced, resulting in shares of the company falling to a nine month low on Friday....

After a settlement agreement arrived at with lessor Avolon on leases of Boeing Co's grounded 737 MAX jets, India's SpiceJet Ltd nbow expects to get back the airplanes into its fleet and put them into service by the end of September, the airlines said.   After being grounded globally for...

Qantas Airways Ltd is getting ready to start international travel with nations that have high vaccination rates in December this year, the premier Australian airlines said on Thursday, as the company reported a narrower annual loss of A$1.73 billion ($1.26 billion) which send its shares up.  ...

South Korea’s tech conglomerate Samsung Group plans to expand its business presence in biopharmaceuticals, artificial intelligence, semiconductors and robotics after the end of the Covid-19 pandemic and has earmarked an investment of 240 trillion won ($206 billion) for this purpose over a period of...

Electronics retailer Best Buy Co Inc expects continued demand for home computer equipment because of the continued trend of work from home even though there are concerns in the industry about a decline in demand because of perceptions that demand had peaked during the pandemic last year. This...

A Swedish manufacturer of steel is delivering the first “green steel” of the world, made without using coal, the manufacturer said.   According to the Swedish venture Hybrit, the “green steel” is being delivered to German truck-maker Volvo AB. It said that this delivery is being done on a...

Customers in the United Kingdom of PayPal Holdings Inc will be able to purchase, sale and hold bitcoin and other cryptocurrencies from this week, the company announced on Monday.   According to analysts, this move by the company, the first time that the company is offering its...

Following the announcement of recalling of an additional 73,000 Chevrolet Bolt cars over fire threats from the battery packs used in them that were made by South Korea’s LG Chem Ltd, which will be replaced with new sets on Friday in the United States, stock prices of the  South Korean battery...

Hackers had gained access to personal data of an additional 5.3 million customers of T-Mobile US Inc, the company said following results of an ongoing investigation into a data breach into the company.   The total number of current and prospective customers whose data has been compromised in...

General Motors Co is expanding recall of its Chevrolet Bolt electric vehicles because of reports of risks of fires from the high-voltage battery pack and as a result will take a hit of $1 billion, the company said on Friday.   According to analysts, this will deal a blow to the efforts to...