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Smart glasses: Optic 2000 celebrates 50 years of innovation

Smart glasses: Optic 2000 celebrates 50 years of innovation
The last edition of Las Vegas’ global innovation exhibition has been marked with French eyewear specialist Optic 2000’s 50th anniversary. After decades of focusing mainly on optics and design, the French firm is now addressing the next era of glasses: technology integration.

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed

Researchers Suggest Previous Studies On Smartphone Addiction May Be Flawed
Researchers are now suggesting the there are some serious flaws in a large majority of studies and surveys that have been conducted in recent times which examines the impact on the psychological...

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study

Myth Of Positive Health Impact Of Moderate Drinking Debunked In New Study
Earlier studies which had given rise to the notion that one or two drinks a day might protect against stroke have been negated in the results of a major genetic study which has also claimed a very...
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450 Employees It Will Sack Could Be Outsourced Work By British Airways: The Guardian

Sale Growth From Pandemic Shopping For Costco, But Stay-At-Home Orders Prevented Bigger Gains

Renault Acknowledges Ambitions Were Too Big, To Axe 15,000 Jobs To Reduce Costs

$500 Million Fundraising Success For Didi's Self-Driving Unit Led By SoftBank

EUs’ Regulatory Panel Recommends Approval Of J&J's Ebola Vaccine

Volkswagen To Invest 2 Billion Euros In Chinese Electric Vehicle Industry To Increase Presence

Racist Abuse Defaces UK Website Of Amazon, Company Removes Slur

Historic Mission Of SpaceX Takes American Astronauts To ISS

New Research Report Predicts Surge In Sale Of Electric Vehicle For 2021

IPO Of Coffee Maker JDE Peet Sold Out In H=Just 3 Days: Reports

Latest News

450 Employees It Will Sack Could Be Outsourced Work By British Airways: The Guardian

Racist Abuse Defaces UK Website Of Amazon, Company Removes Slur

Reader's Pick

Lufthansa To Restart Flights In Some Routes With A Target Of 1,800 Weekly Flights 05/15/2020

Covid-19 Drives Demand Growth For Autonomous Delivery Vehicle Technology 05/20/2020

Coronavirus Hit To Disney’s Business At $1.4 Billion, Shanghai Park To Reopen 05/06/2020

Uber To Cut 23% Jobs, To Focus On Its Core Business Only 05/20/2020

Coronavirus Drug Maker Gilead Was Recently Targeted By Iran Linked Hackers 05/10/2020

Latest Business News
450 Employees It Will Sack Could Be Outsourced Work By British Airways: The Guardian

450 Employees It Will Sack Could Be Outsourced Work By British Airways: The Guardian

Companies

British Airways wants to outsource a section of the work it does to at least 450 employees hat the company is going to make redundant. This was reported by The Guardian.   While describing the proposal of the company as “disturbing news”, the Labour party called on the government to scrutinise the plans.   According to the report, the parent company of the airline, International...
Racist Abuse Defaces UK Website Of Amazon, Company Removes Slur

Racist Abuse Defaces UK Website Of Amazon, Company Removes Slur

Companies

After racist abuse appeared on multiple listings on the UK website of Amazon, the e-commerce giant has blamed the incident on a "bad actor".   The abuse has now been removed. It had appeared on the screens of users when they researched the online market place of the company for Apple AirPods and similar products. While it is not clear how long the abuse had been on the site, there has been...
Historic Mission Of SpaceX Takes American Astronauts To ISS

Historic Mission Of SpaceX Takes American Astronauts To ISS

Companies

In a very significant move for the United States’ privately owned space companies,  Crew Dragon spacecraft of the SpaceX was launched from NASA's Kennedy Space Center in Florida on Saturday in collaboration with NASA which ferried two American astronauts for the International Space Station (ISS).   Historic Launch Complex 39A at the Kennedy Space Center was used for launching the Crew...
New Research Report Predicts Surge In Sale Of Electric Vehicle For 2021

New Research Report Predicts Surge In Sale Of Electric Vehicle For 2021

Markets

With governments around the world pushing for new programs to encourage consumers to buy battery powered vehicles, there is expected to be a surge in the sale of electric vehicles in 2010, claimed a new report by Cairn Energy Research Advisors, a research firm focused on the battery and EV industries.   There will be a 36 per cent growth in the sale of EVs in 2021 globally with more than 3...
EUs’ Regulatory Panel Recommends Approval Of J&J's Ebola Vaccine

EUs’ Regulatory Panel Recommends Approval Of J&J's Ebola Vaccine

Companies

A recommendation for the approval of the two-dose experimental vaccine for Ebola in the European Union from Johnson & Johnson was made by a panel of the European health regulator on Friday.   An application for approval for the vaccine was submitted with the European Medicines Agency (EMA by J& in November. The vaccine functions by targeting the an Ebola strain that causes the...
IPO Of Coffee Maker JDE Peet Sold Out In H=Just 3 Days: Reports

IPO Of Coffee Maker JDE Peet Sold Out In H=Just 3 Days: Reports

Companies

The initial public offering of the second largest maker of packaged coffee JDE Peet was reportedly all lapped up within just three days. Analysts said that this tremendous enthusiasm among investors was because of a dearth of opportunities of IPOs because of the economic impact of the novel coronavirus pandemic. This pushed investors to rush to lap up any opportunity they got.    So...
Renault Acknowledges Ambitions Were Too Big, To Axe 15,000 Jobs To Reduce Costs

Renault Acknowledges Ambitions Were Too Big, To Axe 15,000 Jobs To Reduce Costs

Companies

In a major strategy rehash, the French auto giant Renault announced a total planned job cut of about 15,000 in addition to reduction in production and restructuring of its French plants, as the company acknowledged that it had previously set global ambitions that were unrealistic. Analysts see this strategy change as an effort by the auto maker to banish the spectre of Carlos Ghosn.  ...
Volkswagen To Invest 2 Billion Euros In Chinese Electric Vehicle Industry To Increase Presence

Volkswagen To Invest 2 Billion Euros In Chinese Electric Vehicle Industry To Increase Presence

Companies

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 also coincides with push by many of its global rivals such as General Motors, Toyota and Tesla Inc to...
Sale Growth From Pandemic Shopping For Costco, But Stay-At-Home Orders Prevented Bigger Gains

Sale Growth From Pandemic Shopping For Costco, But Stay-At-Home Orders Prevented Bigger Gains

Companies

There was a surge in the business of Costco in the early weeks of the pandemic with consumers rushing to stick up essentials in bulk in anticipation of lockdowns.   However there was a drop in sales of the retailer in the month of April because of the stay-at-home orders and social distancing norms imposed to prevent the spread of the novel coronavirus pandemic, said the retailer. ...
$500 Million Fundraising Success For Didi's Self-Driving Unit Led By SoftBank

$500 Million Fundraising Success For Didi's Self-Driving Unit Led By SoftBank

Companies

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 was first occasions that external funding was accessed by the autonomous driving business of the ride...
Google’s Payments App Faced Antitrust Case In India: Reuters

Google’s Payments App Faced Antitrust Case In India: Reuters

Companies

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 matter.    According to the report, the complaint with the Competition Commission of...
Novavax To Acquire Indian Vaccine Plant To Produce 1 Billion COVID-19 Vaccine Doses

Novavax To Acquire Indian Vaccine Plant To Produce 1 Billion COVID-19 Vaccine Doses

Companies

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 Republic-based Praha Vaccines, a unit of India’s Cyrus Poonawalla Group, which is also the owner of...

World

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka
Japanese Prime Minister Shinzo Abe declared a declared a state of emergency in Tokyo and its surrounding regions over the growing threat of the coronavirus pandemic and warned that capacity...

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns
According to researchers, a second wave of infection of the coronavirus could be delayed in China by extending the closures of school and work at the ground zero of the pandemic. Researchers also...

Japan's Abe Hints At Postponement Of Coronavirus

Japan's Abe Hints At Postponement Of Coronavirus
It there is a possibility that the Summer Olympic Games in Tokyo could get delayed or get postponed because of the coronavirus pandemic ravaging the world, said the Japanese Prime Minister Shinzo Abe...

Italy Surpasses China In Number Of Coronavirus Deaths

Italy Surpasses China In Number Of Coronavirus Deaths
The number of people who have now died in Italy because of the novel coronavirus outbreak has crossed that of mainland China even as the richest countries of the world announced assistance packages...

The New Coronavirus Outbreak Declared As A Pandemic By The WHO

The New Coronavirus Outbreak Declared As A Pandemic By The WHO
After declaring the fast spreading and deadly coronavirus as a global epidemic last month, the World Health Organization (WHO) has now declared the virus outbreak that causes the disease Covid19 as a...

People

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk
Even though he had initially been skeptical of the coronavirus pandemic, Tesla chief executive office Elon Musk has since helped the authorities in California to acquire much needed medical supplies...

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name
Teenage Swedish climate activist Greta Thunberg is looking to trademark her own name as well as that of her movement as she says that the names are being misused by ‘impostors’ and marketers. This...

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN
Reports of the alleged use of a WhatsApp account belonging to Saudi Crown Prince Mohammed bin Salman for delivering a malware to the mobile phone of Amazon CEO Jeff Bezos has made experts at the...

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones
No more annual targets for Facebook Inc Chief Executive Officer Mark Zuckerberg. The co-founder of the largest social media company of the world said on Thursday that he would no longer focus on the...

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss
An arrest warrant on charges of alleged perjury was issued against the wife of Carlos Ghosn by Japanese prosecutors on Tuesday in an effort of the prosecutors to bring back Ghosn into Japan and make...

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