Musk flaunts possibility of Tesla producing cars in India while requesting tariff relief
Jul 25, 2021 23:37 pm UTC| Economy Business
Tesla Inc. is quite likely to produce cars in India if it succeeds in selling its imported vehicles, helped by the reduction of import duties on electric cars from the 60 to 100 percent range to 40 percent. The...
China orders Tencent to relinquish exclusive music label rights due to antitrust law violation
Jul 25, 2021 23:32 pm UTC| Economy Law
Chinas State Administration for Market Regulation ordered tech giant Tencent to relinquish its exclusive music label rights and fined it $77,144 after finding that the firm had violated antitrust laws. Tencent controls...
Zomato shares soar by as much as 80% in first trading day
Jul 25, 2021 23:26 pm UTC| Economy Business
Shares in Zomato gained as much as 80 percent on its first trading day on Mumbais stock exchange, ending It at about 65 percent over its offer price to give it a market value of about $13 billion. Zomato, Indias first...
GM issued a new recall notice for its EV due to fire risk
Jul 25, 2021 10:42 am UTC| Business Economy
General Motors announced a new recall notice for its 2017-2019 Chevrolet Bolt electric vehicles. It was stated that the automaker is recalling almost 70,000 units of the said EV model due to the risk of fire. The...
American Airlines unveils plans to hire over 1,300 pilots next year
Jul 25, 2021 10:03 am UTC| Business Economy
American Airlines is reportedly hiring new pilots, and it is expecting to recruit at least 1,300 by the end of 2022. The hiring will already begin, and for starters, the plan is to recruit 350 new pilots before 2021...
Hankook to benefit most among S. Korean tiremakers from increased demand for used cars
Jul 24, 2021 23:27 pm UTC| Economy Business
Hankook Tire Technology is seen benefitting the most among South Korean tire makers in the increasing global demand for used cars due to its large proportion of replacement tire sales at 80 percent and expected price...
GM to feature expanded Super Cruise tech on 6 vehicles next year
Jul 24, 2021 23:22 pm UTC| Economy Business
General Motors will include its expanded, hands-free driver-assisted technology dubbed Super Cruise on six vehicles in the first quarter of next year. The Super Cruise can indicate when a lane change is safe and...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects