Jaguar Land Rover foresees 36% loss in volumes due to chip shortage

Due to the ongoing semiconductor scarcity, Jaguar Land Rover expects to complete the first half of the year with a 36% drop in volumes, however, the second half is likely to see better chip supply and improved vehicle production. In the co....

Lotus announces its last petrol sportscar as it shifts focus towards EV

British sports car company Lotus recently introduced its last petrol car, affirming its goal of becoming all-electric by the end of the decade and a bigger automaker. Lotus and its Chinese owner Geely aim to transform the small company tha....

General Motors revamps China design studio for EV, smart cars push

General Motors recently announced the expansion of its design studio in China to focus mainly on developing electric and connected cars and will drop designing petrol vehicles further. The move is in line with the largest U.S. automaker....

3 more Chinese tech firms under CAC investigation for data violations

After the latest crackdown on Didi, the Cyberspace Administration of China (CAC) has reportedly opened cybersecurity probes into three additional Chinese technology companies. These include the online recruitment app Boss Zhipin backed by ....

Wall Street banks amass USD 650 million in fees during U.S. IPO surge

Wall Street banks have reportedly witnessed the busiest week in 17 years with several companies such as Krispy Kreme Inc. and China-based Didi Chuxing Technology Co. managing to raise hefty sums during their initial public offering recently....

Facebook is experimenting with Instagram to take TikTok head-on

Instagram might go beyond being a photo-sharing app as it explores more entertainment options. Full-screen videos might be seen in Instagram feeds soon. Facebook’s Instagram director recently announced that social networks are pr....

Zoom to add multi-language translation feature with Kites acquisition

Zoom recently announced that it intends to acquire a German startup Kites, that has created a real-time machine translation (MT) platform. Zoom's technical team will be joined by the startup’s team of 12 research scientists as the....

Microsoft xCloud gaming service now available on PC and iOS devices

Tech giant, Microsoft Corp. has finally made its xCloud service available on PCs as well as on iOS devices such as iPhones, Macs, iPads, and macOS computers. For those unaware, Microsoft’s xCloud gaming service had started rolling ou....

Axiata, Parallel Wireless partner to empower digital telcos across Asia

Parallel Wireless Inc., the U.S. headquartered Open RAN company, which delivers the world’s only All G, cloud-native Open RAN solutions, has been reportedly chosen by Axiata Group Berhad as a strategic partner for its telecommunicatio....

Hodlnaut partners with Fireblocks to reinforce digital assets security

Singapore-based crypto borrowing and lending platform Hodlnaut recently revealed its partnership with Fireblocks, a leading enterprise-grade platform that provides safe and secure storage, provisioning, and moving of digital assets. The com....