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Contract Snags & Iran Tensions Hits $53 Billion Iraq Deal Of Exxon: Reuters

A host of issues surrounding contracts and concerns over security because of the increasing tensions between the United States and Iran has created uncertainty about the execution of a $53 billion project to increase oil output at the southern fields of Iraq by the US energy giant ExxonMobil even...

British Airline Group IAG Issues Letter Of Intent To Purchase 200 Being 737 Max Crafts

The owner of the British Airways – IAG, has agreed to place order for 200 of Beoing’s 737 Max jet in a letter of intent to the airplane marker which comes as a boost for the company which has all of its 737 Max jets grounded for months now all over the world..   The 737 Max jets would soon...

Facebook Unveils Details Of Its Cryptocurrency Libra Blockchain Launch

Facebook has finally announced the details of its much awaited crypto currency called Libra which can be used by Facebook users to purchase things or transfer money to people and play almost no fees for such services.   Users can buy or cash out Libra coins online or at a local exchange...

Impact Of US Ban On Hauwei More Than Expected, Revenue Loss Of $30Billion: CEO

The ban by the United States government on China's Huawei Technologies Co Ltd has hit the company more than expected, said the company’s founder and CEO Ren Zhengfei. This has also forced the company to reduce its revenues expectations for the current year.   On multiple earlier occasions,...

VW Hopes To Raise 1.9 Bln Euros By Floating 10% Of Its Truck Unit

The German auto giant Volkswagen plans to put up for sale 10 per cent shares of its truck unit Traton at the stock exchange and hopes to generate up to 1.9 billion euros ($2.1 billion). Earlier the company had announced its intention of listing of up to a quarter of the business unit.   The...

Bayer’s Attempt To Redeem Image, To Invest $5.6 Billion In Weedkiller R&D

The claims litigations against it in the US over charges that its glyphosate pesticide causes cancer have dented the reputation of Germany’s Bayer and the company is now trying to mend some of that dented image by announcing an investment of 5 billion euros ($5.6 billion) towards research in...

Apple Still Considering Acquiring Intel’s 5G Business For Building Its Own Modems: Reports

Apple has not given up on acquiring the Germany-based modem business of chip maker Intel and is still examining the possibilities, according to reports published recently in the media citing sources with knowledge of the matter.   Reports indicated that selling off pieces of its modem...

US’s Verizon Asked To Pay Over $1 Billion For 230 Patents By Huawei: Reports

Chinese tech firm and the largest telecom equipment maker of the world Huawei Technologies Co Ltd has asked a payment of more than $1 billion as licensing fees for using more than 230 of its patents form the United States mobile service provider Verizon Communications Inc according to reports...

Test Trials Of Uber Air Flying Taxi To Be Conducted In Melbourne

Uber has chosen Melbourne to test its flying taxi service called Uber Air as a pilot project. The company plans to conduct the test flights next year while the company wants to commence commercial operations for the same from 2023.   The company portrays Uber Air to be an "urban aviation...

Amazon Is Shutting Down Its Restaurants Delivery Service

According top reports, the service for delivery of its products to restaurants, known as Amazon Restaurants, would be closed down by the largest e-commerce platform of the world in the United States market by the end of the current month.   Online news website GeekWire in its report on this...

Walmart Will Deliver Food To Customer’s Fridge In The US

The largest retailer of the world Walmart would now deliver food directly into the fridges of customers under its new program that is being called InHome Delivery. Under this new service, the a representative of the retailer would place food products purchased directly in the fridge of its...

Toyota Speeds Up Electrified Vehicle Schedule As Demand Heats Up

Japanese auto giant and the largest auto company in the world in terms of output Toyota Motor Corp would be partnering with Chinese battery makers as it aims to create a product portfolio that would have at least half of its stable full of electric cars by 2025.   The company said that the...
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