Saturday January 29-th, 2022

Hyundai Ioniq 5 teased ahead of debut in February Hyundai Ioniq 5 teased ahead of debut in February

The 5 will ride on Hyundai and Kia's new Electric-Global Modular Platform (E-GMP), and all we know so far in terms of specs is that it'll manage 100km of range from a five-minute charge. "Beginning with IONIQ 5, our dedicated BEV lineup brand will re...

Apple Supplier Foxconn Joins Partnership to Build Cars for Third Parties Apple Supplier Foxconn Joins Partnership to Build Cars for Third Parties

Each party will hold an equal 50% stake in new joint venture. Geely Automobile plans to issue shares on mainland China's STAR board this year. Zhejiang Geely Holding Group and Foxconn Technology Group have agreed to establish an auto joint ve...

Apple Car production to begin by 2024 in the United States Apple Car production to begin by 2024 in the United States

Korea with an annual output capacity of 1.6 million unit, alongside the world's largest corporate taxpayer, Apple Inc., had been working out a tie-up to roll out a self-driving e-vehicle by 2027, sending Hyundai Motor Co.'s shares' prices almost ...

Man has two guesses to unlock bitcoin worth $240m Man has two guesses to unlock bitcoin worth $240m

A Bitcoin owner has revealed he only has two guesses left to unlock more than $220m in cryptocurrency after eight failed attempts to access his fortune. He stored the Bitcoin on an Ironkey digital wallet and wrote the password on a piece of paper whi...

Google Suspends President Trump’s YouTube Channel over ‘Potential for Violence’ Google Suspends President Trump’s YouTube Channel over ‘Potential for Violence’

Prior to its suspension, the president's YouTube account had racked up 2.77 million subscribers. YouTube said in a tweet that it suspended Trump's channel after new content was uploaded that violated its policies. Capitol last week, leading...

Cheesy or commendable? Coon unveils new name Cheesy or commendable? Coon unveils new name

Saputo Dairy Australia announced the new name Wednesday, saying replacement products would hit supermarket shelves in July. 'At Saputo, one of our basic principles as an organisation is to treat people with respect and without discrimination and we...

Petrol, diesel prices hiked again Petrol, diesel prices hiked again

In India , petrol rates per litre were hiked by 25 paise on Wednesday to Rs 84.45 in New Delhi , Rs 91.07 in Mumbai, Rs 85.92 in Kolkata and Rs 87.18 in Chennai. Alongside, state-owned fuel retailers cut prices by another Re 1 a litre, which th...

Hyundai Kona N confirmed for Australia Hyundai Kona N confirmed for Australia

No manual transmission is mentioned for the Kona N but it's worth noting the Veloster N was introduced with a six-speed manual and remains available with such a gearbox. If Hyundai manages to pair this N powertrain with all-wheel-drive, launche...

Walmart Announces Creation of New Fintech Startup Walmart Announces Creation of New Fintech Startup

Walmart has struck up a partnership with Ribbit Capital - the venture capital firm behind fintech all-stars Robinhood , Affirm , and Credit Karma - to roll out some new, as-yet-unspecified fintech products. president and CEO John Furner said...

Oil prices extend gains after United States inventory drop Oil prices extend gains after United States inventory drop

Brent crude climbed 94 cents, or 1.8%, to $55.35 a barrel by 1:25 p.m. EST (1825), its highest since late February, and West Texas Intermediate crude futures ( WTI ) gained 76 cents, or 1.5%, to $51.59, also its highest since late February.

United States dollar under some modest pressure United States dollar under some modest pressure

Platinum rose 0.3% to $1,079.21, while palladium eased 0.2% to $2,388.78. The pan-European STOXX 600 index lost 0.67%. Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher ...

Tesla Commences India Operations, Registers As Company In Bengaluru Tesla Commences India Operations, Registers As Company In Bengaluru

According to the details available on the Registrar of Companies website, Tesla India Motors and Energy Private Limited has been incorporated and the registered address is in Lavelle Road, Bengaluru. Electric Vehicle Manufacturer Tesla will soon star...

Industrial production contracts 1.9 per cent in November Industrial production contracts 1.9 per cent in November

Core inflation - which excludes food and fuel costs - was estimated at around 5.70 per cent for the month. Inflation in food basket plunged sharply during the month under review, ending at 3.41 per cent, showed government data released on Tuesday....

Prince Charles urges business to put planet and people first Prince Charles urges business to put planet and people first

Charles hopes to raise £7.3 billion to invest in the natural world, and harness the "irreplaceable power of nature", the prince will say in his virtual address to the One Planet Summit on Monday. Indian solar energy firm ReNew Power is among an initi...

Abiteboul leaves Renault and will not lead Alpine in 2021 Abiteboul leaves Renault and will not lead Alpine in 2021

The Renault F1 team will be rebranded as Alpine F1 this year, with the firm also backing an LMP1 operation in the FIA World Endurance Championship. In his time as team principal, Abiteboul led Renault to year-on-year improvements between 2016 and...

Ford to close Brazil manufacturing operations, take $4.1 billion in charges Ford to close Brazil manufacturing operations, take $4.1 billion in charges

Brazil's Economy Ministry lamented Ford's decision to end production in the country and said it reinforced the need for reforms to improve the business climate. Ford officials said the plant closures are part of the company's strategy to achieve 8% g...

Sheldon Adelson, major donor in USA and Israeli politics, dies at 87 Sheldon Adelson, major donor in USA and Israeli politics, dies at 87

He also was a prominent supporter of Israel. He purchased the Sands Hotel and Casino in the 1980s, opening The Venetian on the same lot in 1999 after gaining the inspiration for the property whilst on honeymoon. Adelson founded and served as Ch...

RBI report: Loan losses at banks could double by Sept 2021 RBI report: Loan losses at banks could double by Sept 2021

According to the RBI, in the first half under the baseline scenario, the GDP is expected to grow 14.2%, the combined fiscal deficit will slip to 10.4%, inflation will be around 4.9% and the weighted average lending rate of banks would be 9.6%.

Deutsche Bank to pay $100 million to avoid bribery charge Deutsche Bank to pay $100 million to avoid bribery charge

A bank spokesman said, "We take responsibility for these past actions", which occurred from 2008 to 2017, following thorough internal probes and full cooperation with authorities. Most of Friday's payout related to the corruption allegations. The b...

Asia stocks hold near highs, yields up on USA stimulus plans Asia stocks hold near highs, yields up on USA stimulus plans

Weighing on the minds of investors are worries that equities are running too hot and valuations are stretched at a time when major parts of the world are grappling with the worst of the Covid-19 pandemic. USA initial jobless claims data are due Thurs...

General Motors ushers in EV era, unveils new logo General Motors ushers in EV era, unveils new logo

GM is hoping the "Everybody In" campaign prepares buyers for a new era of vehicle propulsion. In this instance, we mean that literally in the form of a brand new, brighter logo replacing the original GM button which existed almost unchanged for ove...

Apple, Hyundai set to agree electric car tie-up, says Korea IT News Apple, Hyundai set to agree electric car tie-up, says Korea IT News

According to the Korea IT News , Hyundai and Apple are set to agree on an autonomous EV partnership by March of this year, with production scheduled for 2024 in the United States. According to news agency Reuters , before Hyundai amended their ...

NIO announces 150 kWh solid-state batteries for 2022 NIO announces 150 kWh solid-state batteries for 2022

Awkward lumps over the windscreen and rear window are there to house some of the car's 33 environmental sensors, which include "11 8-megapixel high-resolution cameras, one ultralong-range high-resolution LiDAR, five millimeter-wave radars, 12 ultraso...

FCA warns consumers about crypto investing amid bitcoin wild ride FCA warns consumers about crypto investing amid bitcoin wild ride

Cryptoassets are not covered by investment regulation or protection. These remarkable gains in a relatively short period have led to the creation of numerous firms and projects that promise investors of similarly high returns. Laith Khalaf, a finan...

Burger King goes retro with new logo Burger King goes retro with new logo

Burger King released a total branding redesign, including a new logo . In addition to a new logo , Burger King will receive completely new packaging , merchandising, menus, uniforms for the employees, restaurant design and marketing tools.

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