The chief executive of Jidu Auto, which is a joint venture between China’s tech giant Baidu and Chinese automaker Geely for making electric vehicles, has set plans for investing 50 billion yuan ($7.7 billion) for the production of smart cars within the next five years, said a report by the news...

On 21 April, US President Joseph Biden instructed the US Internal Revenue Service to develop a mechanism to provide tax credits to US companies that incentivise their employees to be vaccinated against COVID-19. He urged employers to give everyone who is vaccinated a paid time off. "We need to...

A huge 187 per cent jump in its net profits for the first quarter of the current year was reported by the South Korean auto giant Hyundai Motor Co which was in line with the expectations of the market, the company said on Thursday. Hyundai attributed the performance to a strong demand for the...

A court case over trademark that was filed by the French luxury house Chanel against the Chinese technology firm Huawei resulted in the court ruling against the luxury brand in which a top European court ruled on Wednesday that the logos of the two companies had no similarities between them,...

Zoom has launched a $100 million venture capital fund to invest in startups that leverage the video service's capabilities in their businesses. Zoom wants to build an ecosystem of applications and platforms for developers around its technology. Each selected company will receive between $250,000...

The Bank of England announced a joint working group with the Treasury to examine the feasibility of issuing a UK central bank digital currency (CBDC). The Bank of England notes that CBDC "will be a new form of digital money issued by the Bank of England for use by households and businesses. It will...

The growing popularity of the new cryptocurrency ChiaCoin could lead to a shortage of hard drives around the world, analysts forecast. Users in China have started to buy hard drives and SDD-drives in droves, with discs measuring 4 terabytes to 18 terabytes being the most popular, according to the...

The recent changes in rules in Japan for improving transparency of corporates and protect the interest of minority shareholders will be tested by the possible bid for Japanese conglomerate Toshiba Corp as well as the corporate governance at a company that has been hit by scandals in recent...

Australia’s competition regulator has said that the United States based search engine giant Alphabet Inc's Google had misled a section of consumers about the collection of their personal location data through their Android devices as found by the country’s federal court.   It is seeking...