REUTERS: Tesla Inc Chief Executive Elon Musk said in a podcast released on Friday that demand for the company’s electric vehicles remained strong throughout the coronavirus pandemic, with consumers preferring to shop online. Musk, talking to Automotive News’ Daily Drive podcast, said having a traditional dealer network – something he […]
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REUTERS: MotoGP races in Argentina, Thailand and Malaysia this year have been cancelled due to the COVID-19 pandemic but one more race will be added to the calendar and will be held in Europe in November, MotoGP announced on Friday. A number of races have been axed this season due […]
Huawei’s top manager in Germany has appealed to the government not to shut it out of building 5G mobile networks, Der Spiegel said on Friday, after Britain decided to purge the Chinese firm’s equipment from its network on security grounds. BERLIN: Huawei’s top manager in Germany has appealed to the […]
Ford Motor Co said on Friday it had won approval to defer some quarterly payments due on its U.S. Energy Department retooling loan but added it will repay the loan on time by June 2022. REUTERS: Ford Motor Co said on Friday it had won approval to defer some quarterly […]
LONDON: U.S. travel management firm CWT paid US$4.5 million this week to hackers who stole reams of sensitive corporate files and said they had knocked 30,000 computers offline, according to a record of the ransom negotiations seen by Reuters. The attackers used a strain of ransomware called Ragnar Locker, which […]
WASHINGTON: U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. The Commerce Department said on Friday that consumer spending, […]
France’s Alstom SA clinched EU antitrust approval on Friday to acquire Canadian rival Bombardier Inc’s rail business in a deal that will elevate it to the world’s second-largest rail maker after China’s CRRC Corp . BRUSSELS: France’s Alstom SA clinched EU antitrust approval on Friday to acquire Canadian rival Bombardier […]
The European Commission said on Friday it had signed a contract for SAP and Deutsche Telekom to build a software platform that would enable coronavirus contact tracing apps to exchange information. BERLIN: The European Commission said on Friday it had signed a contract for SAP and Deutsche Telekom to build […]
LONDON: British Prime Minister Boris Johnson said that a recent uptick in infections was a “warning light” which means he has to hit the brakes on the easing of lockdown as he postponed the re-opening of close-contact services for at least two weeks. “I’ve said throughout the pandemic that there […]
Finnish telecom network equipment maker Nokia reported an unexpected rise in its second-quarter underlying profit on Friday, amid the COVID-19 pandemic as its new chief executive Pekka Lundmark takes over on Saturday. HELSINKI/STOCKHOLM: Finnish telecom network equipment maker Nokia reported an unexpected rise in second-quarter underlying profit on Friday as […]