British luxurious multinational aviation titan Rolls Royce, and South Korean automotive manufacturer Hyundai, reached an unlikely partnership to create a fuel-cell electric propulsion hydrogen fuel engine system. This unforeseen partnership will merge Rolls Royce’s aviation proficiency with Hyundai’s hydrogen fuel technology to deliver a never-before-seen fuel-cell electric aircraft by 2025. The aerospace innovation will set […]
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On a busy downtown street, three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard, they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, while the safety driver looks on […]
China’s corruption watchdog said it was investigating the head of the country’s largest state-backed chip investment fund, just over two weeks after it announced a similar probe into a former executive linked to the fund. Ding Wenwu, the head of China Integrated Circuit Industry Investment Fund, also known as the “Big Fund”, is “suspected of […]
Alibaba Group Holding Ltd on Friday became the latest company to be added to the U.S. Securities and Exchange Commission’s list of Chinese companies that might be delisted. Alibaba’s shares were down 11 percent at $89.37 at the closing bell, ending the month 21.4 percent lower. The e-commerce giant’s shares were already feeling the pressure […]
One of a select few businesses, the Space Perspective balloon solution intends to reduce the price of space travel by eliminating the need for rocket fuel, making space tourism slightly more accessible. The Spaceship Neptune, a pressurized capsule that would carry tourists to the furthest reaches of space but not officially into space, has just […]
The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm elections. The final vote was 243 to 187, with […]
Spotify Technology SA’s Car Thing player is now a thing of the past. The world’s leading audio streaming service on Wednesday announced it would discontinue the device just five months after it became available to all users in the United States. In doing so, Spotify became the latest software technology company to stumble in an […]
Stiff competition from TikTok and Apple Inc’s privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc in the near term, Wall Street analysts said. At least 16 brokerages cut their price targets on Meta after the company reported its first-ever quarterly revenue drop on Wednesday, highlighting challenges faced by U.S. companies […]
In a single Internet minute, we send over 20 million texts, 200 million emails, and watch 28,000 movies. And this enormous amount of activity looks set to grow exponentially, by about 23 percent year-on-year. This means that in 2024 we will add as much data as the whole world was using in 2018. How are […]
Meta Platforms Inc issued a gloomy forecast after recording its first ever quarterly drop in revenue on Wednesday, with recession fears and competitive pressures weighing on its digital ads sales. Shares of the Menlo Park, California-based company were down about 4.6 percent in extended trading. The company said it expects third-quarter revenue to fall to […]