Germany’s premier and world largest auto maker Volkswagen AG is set to make an investment of 2.1 billion euros in two Chinese electric vehicle players as the company attempt to boost up its presence in the electric car market of China – the largest in the world.   This move by Volkswagen...

A fundraising round of over $500 million has just been successfully completed by China's ride hailing company Didi Chuxing. This round was led by SoftBank Group's Vision Fund 2 and is aimed for funding the autonomous driving subsidiary of Didi, the Chinese firm said on Friday.    This...

With the aim of manufacturing up to 1 billion doses of its Covid-19 vaccine candidate next year, the United States based Novavax Inc is set to purchasing a manufacturing plant from privately held Serum Institute of India which is the largest maker of vaccines by volume in the world.   Czech...

Allegations that the tech giant Alphabet Inc’s Google is abusing its market position are being looked into by India’s antitrust body. It has been alleged that Google has been unfairly promoting its mobile payments app in the country, claimed a report by Reuters citing sources with knowledge of the...

In a settlement with the Competition Bureau of Canada, the United States based social media giant Facebook Inc. will pay $9.5 million. But eh tech giant will not admit to any wrongdoing to the charges and allegations of breach of privacy claims the company made in connection to the Cambridge...

The last time that Renault SA, Nissan Motor Co and Mitsubishi Motors Corp had announced their combined strategy plan, for their Alliance in September 2017, the auto makers had set their targets at becoming the global leader in the industry by 2022.   This time however when the companies...

33 more Chinese companies and entities will be added by the United States to the so called blacklist of the Department of Commerce over allegations that those firms and institutions were engaged in aiding the Chinese government to spy on the Uighur population of China or were involved in any way to...

The French auto giant Renault could disappear if it didn’t get help soon, warned a French minister on Friday. On the very same day, a Japanese news report claimed that Japanese car making giant Nissan was planning to cut about 20,000 jobs – many of which will be in Europe. This was a twin blow for...

Google will no longer building customized artificial intelligence (AI) tools specifically for the oil and gas sector companies that can help them to produce fossil fuels all over the world, the tech giant has pledged.   This announcement was made by the company after a report was published...

A plunge in its demand for its cars even before the novel coronavirus pandemic hot the world economy is forcing Japanese legendary auto maker Nissan Motor Co to consider reducing about 20,000 from its global workforce according to a report published by Kyodo news on Friday, these efforts would be...

Following orders from courts in the United States to pay up billions of dollars in lost legal battles over charges that the talcum-based baby powder contains ingredients that cause cancer, Johnson & Johnson said that it will stop selling the baby powder in the US and Canada.   This was...