Edmunds’ test team recently published the results of its real-world range testing for electric vehicles. Notably, every Tesla the team tested in 2020 came up short of matching the EPA’s range estimate. Almost all other EVs Edmunds tested met or exceeded those estimates. That result, as you can likely guess, ruffled some feathers at Tesla […]
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New York state Sen. Michael Gianaris was ecstatic when Amazon named Long Island City in 2018 as a front-runner for its new headquarters, a project that would bring 25,000 jobs and $2.5 billion in construction spending to his district in Queens. But his support faded quickly when he learned that state and city leaders had […]
It took a few minutes for Vignesh Sundaresan and Anand Venkateswaran to realize that they’d parted with $69.3 million for a digital artwork stored in a JPEG file, coincidentally securing their place in art history. “We weren’t sure we won,” said Venkateswaran, describing the nerve-racking final moments of the online auction for a collage of […]
Amsterdam-based telco VEON Ltd announced earlier this week its acquisition of a 15 percent minority stake in Pakistan Communications Limited (PMCL), which is the operating company of the country’s leading operator Jazz, from Dhabi Group for a sum of $273 million. The deal follows the Dhabi Group’s exercise of its put option announced on 28 […]
The developer of the conservative social network Parler is alleging he was defamed and improperly ousted by a prominent Republican Party benefactor, two men who replaced him at the company and a political commentator known for his support for former President Donald Trump. John Matze said in a lawsuit he was fired for trying to […]
China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies’ U.S. licenses. It said they are security risks controlled by the communist Beijing government. The […]
At first, many schools announced it would last only a couple weeks. A year later, the unplanned experiment with distance learning continues for thousands of students who have yet to set foot back in classrooms. Comfortable homes and private tutors have made it easier for those with access. Expectations are higher at some schools than […]
Japanese e-commerce giant Rakuten sold on Monday 13 percent of its shares, worth $2.2 billion, to several new investors, as the company attempts to strengthen its balance sheet, while rolling out a more aggressive mobile strategy. The new investors into Rakuten are Japan Post – the country’s largest insurer and bank by deposit, as well […]
The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to happen, they’ll need to sell the idea to people like Steve Bock. When Bock recently replaced his family’s 2013 Honda Pilot SUV, he considered — and then dismissed — the […]
A U.S. federal judge rolled back on a Department of Defense ban on investments in Chinese budget smartphone maker Xiaomi, citing insufficient evidence that the company posed a national security threat. On Friday, U.S. District Judge Rudolph Contreras said that the court had found the Department of Defense (DoD) had “not made the case that […]