Formula 1 racing is a highly competitive sport, with competing teams spending hundreds of millions in attempts to gain even the slightest edge on the track.
Tag: technology
USD 19.5 billion Foxconn-Vedanta deal falls through; Indian IT Minister says ‘no impact on India’s goals’
Indian mining baron Anil Agarwal’s Vedanta Ltd and Taiwan’s Foxconn have parted ways in a USD 19.5 billion semiconductor joint venture over not finding a technology partner to make chips to be used in electronic devices such as mobile phones, refrigerators and cars.
Sabre acquires e-commerce provider Techsembly to expand hospitality retailing solutions
Sabre Corporation (NASDAQ: SABR), a travel industry software and technology provider, today announced the acquisition of hospitality e-commerce provider Techsembly. Terms of the transaction were not disclosed.
Musk vs Zuckerberg: Will Meta’s Threads successfully take on Twitter?
Meta’s new short messaging platform Threads is aiming to take on Twitter. It saw 10 million sign ups within just seven hours of launch today.
US government clears first ever flying car prototype for testing
Fact is blending with fiction when it comes to automobile technology as the first formal steps to legalise flying cars have been taken.
Amazon, Google announce plans for USD 15 billion and USD 10 billion investments in India
Global E-commerce giant Amazon and internet search engine Google announced plans to invest USD 15 billion and USD 10 billion more respectively in India, their CEOs stated after meeting Indian Prime Minister Narendra Modi during his recent US visit.
Google to give a GIFT to India, with global fintech centre in Gujarat, says Sundar Pichai
The Indian-origin CEO said that it was exciting to see the progress that the country had made, particularly around the vision of ‘Digital India’ and the related economic opportunities.
US market regulator charges Amazon with duping customers into subscribing to Prime
The United States’ Federal Trade Commission (FTC) announced a lawsuit against Jeff Bezos’ Amazon for allegedly enrolling customers in its Prime subscription service “without their consent while knowingly making it difficult for consumers to cancel their subscriptions to Prime”.
Singapore hit by layoffs again as ride hailing and delivery app Grab cuts 1,000 jobs
All the layoffs would not be in Singapore, as Grab has a presence across Southeast Asia, including neighbouring Malaysia. Grab bought Uber operations in SE Asia in March 2018, but then cut 360 jobs in 2020.
Modi to meet Elon Musk, other prominent experts, during US trip
PM Modi US visit: Narendra Modi will interact with Tesla and Twitter owner Elon Musk as well as over two dozen thought leaders from various walks of life, including entrepreneurs, astrophysicists and Nobel laureate economists in New York.
