HONG KONG: Hong Kong residents braced for a city-wide lockdown, emptying supermarkets and pharmacies today, even as leader Carrie Lam called for calm and appealed for the public not to worry over a compulsory mass Covid-19 testing plan. Mass testing for the city’s 7.4 million residents is set to take […]
Business
Nikola Corp said on Thursday it aimed to deliver 300 to 500 Tre BEV electric trucks this year, as it works on expanding its plant in Coolidge, Arizona. The company, which was working with the U.S. Securities and Exchange Commission (SEC) to pay a $125 million penalty to settle a […]
Online message board platform Reddit Inc said on Thursday it is launching a new Discover tab that will feature photos and videos from across the site to make its mobile app more visually appealing. The new feature comes after Reddit confidentially filed for an initial public offering in December. The […]
JAKARTA : Indonesia on Tuesday sold 9 trillion rupiah ($626.52 million) worth of Islamic bonds in an auction, below target, the finance ministry said, noting that the sale drew bids totalling 33.5 trillion rupiah. ($1 = 14,365.0000 rupiah)
UNICH: The United States and its allies will impose “significant and unprecedented” economic measures against Russia if it attacks Ukraine, US Vice President Kamala Harris said today. “National borders should not be changed by force,” she said at the Munich Security Conference. “I can say with absolute certainty if Russia […]
FRANKFURT: Germany’s Lufthansa group is suspending flights to and from the Ukrainian cities of Kyiv and Odessa, a spokesperson said on Saturday (Feb 19) amid growing fears of a possible Russian invasion. The company, which owns Germany’s flagship carrier as well as Eurowings, Swiss, Brussels and Austrian Airlines, will conduct […]
PARIS: Renault is looking at creating separate divisions for electric and combustion engine cars, an idea other automakers have resisted in case it weakens their ability to use profits from polluting vehicles to fund a cleaner future. The French automaker announced its “strategic studies” on Friday (Feb 18) as it […]
LONDON : Volta Trucks said on Friday that it had raised 230 million euros ($260 million) in Series C funding round, which will finance it through the launch of series production of its Volta Zero electric truck in late 2022. Stockholm-based Volta Trucks, which also operates in the UK, said […]
DETROIT: Nissan Motor Co said on Thursday (Feb 16) it will invest US$500 million to retool its US assembly plant near Canton, Mississippi, to build two new electric vehicles, part of the Japanese automaker’s US$18 billion program to expand its electric vehicle fleet through 2030. Nissan said it plans to […]
NEW YORK : A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say […]