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$500 Million Invested By Toyota In Uber’s Self Driving Program

Toyota is going to assist Uber in the development of and accelerate the deployment of self-driving vehicles through an investment of $500 million in the ride hailing company, the Japanese auto maker announced on Monday.   According to the working plan drawn up by the companies, Toyota Sienna...

Warren Buffett’s Firm To Invest $300m In Indian Payments Company Paytm

According to media report citing sources with knowledge of the matter, at least $300 million is to be invested in the parent company of India’s largest mobile payments group, Paytm, by Warren Buffett’s Berkshire Hathaway.   This investment planned to be made in One97 Communications would be...

Plant-Based Options The Bet For Starbucks As Consumers Shun Sugary Drinks

The largest beverage category by volume in the US in 2016 was bottled water which surpassed carbonated drinks.   This trend was epitomized last week when Pepsi announced its $3.2 billion acquisition of at-home seltzer maker SodaStream and the taking of a minority stake by Coca Cola...

Waymo Sets Up Shop In China To Test Its Self-Driving Car Tech

Waymo will start business in China.   According to a business registration filing, a company in Shanghai called Huimo Business Consulting has been registered by the driverless car division of Google's parent company, Alphabet.   The filing said that the major operations that...

California Cancer Ruling Results In Increase In Cases Against Monsanto

The new owners of American agro-chemicals company Monsanto Bayer might have to shell out billions as the former faces a large number of lawsuits.   There are some who believe that the glyphosate-based weedkillers manufactured by Monsanto are carcinogenic.   The company lost a $289m...

Saudi Arabia Minister Reiterates IPO Of Aramco’s Aramco's $2tn Flotation

Reports suggesting that Saudi Arabia had shelved its plan to sell some stocks of the state owned oil giant Aramco were denied by the country and reiterated that it would go forward with the public offering of $2tn stake sale to the public.   There was a report on Wednesday in Reuters that...

Critics Burn Nike For Selling 'Menacing' Balaclava

There has been severe criticism of Nike after the sport apparel maker sold a balaclava which has been alleged to is related to stereotypes of black youths who are related to gang violence according to critics.   At the center of the controversy is the Nike x MMW balaclava which is a full...

Japan's Daikin eyes Africa after establishing itself in Asia and India

Africa is the new frontier for the largest manufacturer of air conditioning equipment - Daikin Industries. The company has been successful in the Asia in its efforts for a decade since it took the risk of sharing the technological expertise it possessed with a Chinese company.   It was about...

Israeli Firm Sodastream To Be Bought By Pepsi For $3.2 Billion

In an effort to seek avenues of moving into low sugar beverages, Pepsi has decided to buy one of the better-known brands of sparkling water.   SodaStream which is an Israeli firm that offers do-it-yourself seltzer makers is to be bought over by the soft drink giant for $3.2 billion, Pepsi...

Tesla To Face SEC Probe Even As Goldman Indicates Its Advisory Role

Subpoenas have bene sent to Tesla Inc. by the U.S. Securities and Exchange Commission in relation to the plans of the company’s Chief Executive Elon Musk to privatize the company and in relation to the statement issued by Tusk where he had claimed that finding for the plan had been “secured,”...

$1.4bn Loss Reported By News Corp Worldwide But Notes Increase In Paid Subscriptions

An upbeat assessment for the digital news and real estate assets of Rupert Murdoch’s News Corp was used by the company to waive off the latest annual loss that the firm has incurred.   A net loss of $1.4 billion for fiscal year 2017/18 was reported by the worldwide publishing group which was...

Going-Private Proposal Tweet By Tesla’s Musk Taken To Court By Investors

Investors of Tesla Inc sued the company and its Chief Executive Elon Musk twice on Friday alleging that both the company and the CEO had wrongfully constructed a scheme to put pressure on short-sellers which included the tweet by Musk where he proposed taking the company private.   It was...
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