Morgan Stanley, an American investment banking firm has made a prediction stating that Elon Musk could become the world’s first-ever trillionaire, all thanks to his space exploration company SpaceX. The billionaire started SpaceX in 2002 with two major goals, to make space travel affordable for common citizens and to eventually construct a permanent human settlement […]

In a bid to reduce carbon footprint and increase production, Toyota has decided to invest USD 461 million into its first plant in the United States. The company said that it will add new technologies to the plant that is situated in central Kentucky. The facility is located in the town of Georgetown. It has […]

The race for electric vehicles is going to intensify. There are several companies that are burning the midnight oil to launch their first fully electric vehicle. The latest to join the list is Land Rover, the company which is popular for manufacturing four-wheel drive. The British company has announced that Ranger Rover is going to […]

Electric vehicles are considered to be the future of the auto industry and almost all the major automakers have shifted focus to EVs. Porsche is no different and has been offering electric vehicles to customers. Moreover, the German automobile manufacturer’s all-electric Taycan is being extremely popular among customers. More than even its iconic internal combustion-powered […]

World’s largest social network faced outages for almost six hours. Facebook, Instagram, and WhatsApp went offline for around six hours. The outage was not only worldwide but the longest ever as well. Such was the impact of the outage that Facebook chief executive officer Mark Zuckerberg’s wealth has fallen by over USD 6 billion. This […]

Due to COVID-19 and other setbacks, the Universal Studios Beijing resort didn’t open to the general public on its initially planned date. However, in the midst of deteriorating US-China ties, the much-awaited opening is now taking place on Monday, Sept 20, 2021. The new park will be the largest in the United States for Universal […]

Amazon’s founder and one of the richest men in the world, Jeff Bezos on Monday revealed ambitions for USD 1 billion in environmental investments centered around regions including the Congo Basin, the Andes, and tropical areas of the Pacific Ocean. As part of his Bezos Earth Fund, he donated USD 10 billion last year, and […]

On account of the tremendous expansion being experienced in the Indo-Pacific region, the world’s focus of financial importance has been migrating eastward for years, forcing market dynamics to change as well. With a burgeoning middle-class and increasing disposable incomes, India will be the world’s third-largest consumer economy by 2050, accounting for 5.9% of global imports, trailing […]

In a bid to repair its balance sheet, Rolls-Royce has agreed to sell its Spanish unit ITP Aero to a group led by Bain Capital. The deal has been finalized for USD 2 billion or 1.7 billion euros. The deal will help the company to get the much-needed cash. The British jet-engine maker would use […]

Ford Motor has signed a deal with startup Redwood Materials for recycling of electric vehicles batteries. Interestingly, Redwood Materials is run by JB Strauble – a former chief technology officer at Tesla. The two companies would form a circular supply chain for EV batteries in the United States. This is something that has been a […]

Electric vehicle startup Rivian has started building customer-ready all-electric pickup R1T. The California-based electric vehicle has beaten several industry giants to become the first automaker to do so. The pickup was at the pre-production level for months but now it has cleared the final hurdle by receiving certifications from three regulators. After this, Rivian can […]

Social media giant Facebook has launched its much-awaited smart glasses. The company has partnered with eyewear Ray-Ban to bring smart glasses. This is Facebook’s first smart glasses. The new smart glasses will be called Ray-Ban Stories. The glasses are available for USD 299. Ray-Ban Stories will be available for purchase online. The company is offering […]

Wells Fargo has been fined USD 250 million by a top US banking regulator. The Office of the Comptroller of the Currency (OCC) has also placed new restrictions on the business of the bank after it failed to make any improvement in the oversight of its mortgage business. It was also founder that there were […]

There are many people whose craving can only be satisfied by the sweet, candy-filled ice cream served by McDonald’s. But most of the time people have witnessed very irritating situations as they are often told that McFlurry machines are out of order. After years of broken ice cream machines across the country, it has drawn […]

Ireland has imposed a fine of USD 267 million or 225 million euros on WhatsApp for breaching privacy rules. The privacy watchdog of Ireland said that users of WhatsApp had not enough information about how the company uses their data. Data Protection Commission of Irelands said that WhatsApp did not tell citizens of the European […]

Chip shortage seems to be far from over and the auto industry is apparently the worst affected. Several car manufacturers are short of their task and have no option but to halt production. General Motors too is facing a shortage and has now announced some drastic measures. In the face of renewed chip shortage, the […]

Google’s return-to-work date has been pushed back, CEO Sundar Pichai announced in a blog post that staff will not have to go to work before January 10, 2022, at least.  According to Pichai, “after January 10, we will allow countries as well as locations to make decisions about when to conclude voluntary work-from-home depending on […]

When the Taliban seized control of Afghanistan, an Afghan female reporter claimed she was prevented from work at her Television channel and asked for support in a clip released on the internet. In a video posted to social media, Shabnam Dawran, a famous news presenter, declared that their lives are in peril while wearing a hijab and flashing her […]

Gwynne Shotwell, SpaceX’s COO and President, claims that over 500,000 preorders of Starlink’s satellite internet service have been placed over the last nine months. Following several months of incremental Starlink internet distribution to potential users in New Zealand, the network will finally be made available. This is the next milestone in SpaceX’s gradual yet consistent progress toward […]

Fast food companies have made several changes over the past year and a half in order to adjust to the new environment. Ever since the coronavirus pandemic struck, these food giants have been doing everything to draw the attention of customers again. The latest one to make changes is Wendy’s. The company has been extremely […]