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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...

Newer Huawei Phones Would Not Come With Preinstalled Facebook App: Reuters

Pre-installations of its app on Huawei smartphones would no longer be allowed by Facebook Inc. this is the latest blow to the Chinese etch giant and the second largest manufacturer of smartphones of the world in its efforts to keep its business afloat amidst the banning of the company by the United...

US Antitrust Probe Against Tech Companies Will Ask Tech Firm Leaders To Testify

The United States House Judiciary subcommittee conducting a probe into whether large tech companies have misused their massive market power would ask the leaders of such companies to testify before itself, said the leader of the subcommittee.   These comments were made a day after there were...

US Blacklisting Of Huawei To Benefit Taiwanese Chip Maker TSMC

Ignoring the blacklisting by the United States of the Chinese etch company Hiawei, the Taiwan Semiconductor Manufacturing Company (TSMC) will continue to supply chips to Huawei Technologies. TSMC is the largest contract chip maker of the world and analysts expect that this decision would help the...

Big Tech Firms In US To Face Probe By US Antitrust Authorities

The large tech companies of the world - including those based in the United States could soon face action against the US federal government over antitrust issues.   Announcement of a sweeping antitrust probe of unspecified technology companies was made on Monday by the US House Judiciary...
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