Foxconn, an Apple lead assembler and depends on Apple for 50 per cent of its revenue, is venturing into electric cars with Fiat, Chrysler Automobiles. Hon Hai, Precision Industry, as the world’s largest contract manufacturer is in talks to set up a business the Italian-American carmaker both holding 50 per cent stake, to make cars…
Hugo Conings a 54-year-old Belgian man has been arrested at Lima Airport in Peru trying to smuggle 20 birds out of the country stuffed in small cardboard boxes in his suitcase. According to officers he was planning to fly to Madrid, Spain and sell the birds which were all protected species. All birds survived…
Korean manufacturers, Hyundai and Kia have invested €100m into electric-vehicle start-up Arrival with a €3bn price tag in one of the largest investments in Britain’s motor industry since the Brexit vote to leave the EU in 2016. “This will lead to significant collaboration this is far more than just an investment” Avinash Rugoobur, Arrival’s chief…
Jeff Bezos pledged to invest $1bn in India, just after New Delhi anti-trust watchdog ordered an investigation into Amazon and Walmart-owned Flipkart which dominates India’s eCommerce market for $16bn in 2018.in connection with alleged violations of competition law. Mr. Bezos announced the investment to digitise small and medium businesses across India and also targeted $10bnin…
Flybe, the largest operator of UK domestic routes, with almost two in five flights, has been saved from the brink of collapse after the government reached agreement on a rescue deal for Europe’s largest regional airline. Andrea Leadsom, business secretary, confirmed a deal with the troubled airline’s owners after days of talks. The deal includes…
Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…
Six people have been killed and 16 injured after an enormous sinkhole swallowed a bus and several pedestrians in Central China outside a hospital in Xining, the capital of Qinghai province on Monday evening.
Taal volcano, one of the smallest volcanoes situated on an island in the middle of a lake in the Philippines has begun spewing lava and emitting huge plumes of ash, located 45 miles south of the capital Manila, triggering the evacuation of over 8, 000 people from the area. 75 earthquakes have occurred in the…
Reliance, an Indian company with adequate resources is venturing into the £50bn online shopping sector with its new platform JioMart with the help of millions of small retailers, like the way it reshaped India’s telecoms sector by offering ultra-cheap mobile data. To attract shoppers JioMart will offer free delivery and returns and discounts of up…
This is the story of the world’s most controversial product tobacco’s fortunes and how science triumphed over addiction. The US has been active in picking economic winners and losers with price supports for farmers, regulatory interventions and outright state funding for innovation through the Defense Research Projects Agency. From Jamestown to the Marlboro Man,…