Self-driving car manufacturers submitted their first disengagement reports to California’s Department of Motor Vehicles.
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Global solar energy firms bid for projects in Australia
Several firms from Canada, China and Europe among 77 renewable energy firms have submitted bids for solar projects in Australia. The Australian Renewable Energy Agency (ARENA) has shortlisted 22 projects, which will have capacity of 766 megawatts at combined project cost of $1.68 billion. The solar energy projects developers will also receive a grant of $30 million for each project from the Australian government.
Tata Steel bonds at record low as S&P downgrades
Standard & Poor's (S&P) has downgraded credit rating of Tata Steel's bonds. S&P cited reasons such as the poor operating performance and high leverage at Tata Steel for downgrading. Indian steel industry is suffering from glut in production and surging imports.
Hyundai recalls Elantra over control system
Hyundai Corp is expected to recall Elantra model vehicles from February 2016 onwards. It's noticed that the malfunctioning of electronic stability control system will suddenly result in reduction of engine power. The South Korean automobile major may recall over 150,000 Elantra vehicles to fix the stability control system in the vehicles.
Britain Interest Rate Hike Will Be Shocking but Seems Inevitable
Bank of England has been keeping its interest rates at the lowest point at 0.5% since March 2009. However, some signals of the interest rate upsurge will be a shock to some people in Britain.
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The operator of Turkey’s busiest airport, TAV Havalimanlari Holding AS, is in talks to invest in businesses in the Philippines and Belgrade.
Aston Martin confirms a brand new 5.2-litre, twin-turbocharged V12 engine through a video posted online.
California Lottery Association announced Wednesday that the winning ticket for the $1.5 billion Powerball lottery is in Chino Hills in San Bernardino County.
The FDA advisory panel has approved the use of an implant to help treat patients who are addicted to opiods. The implant will administer the drug slowly over a period of six months, but those opposed to the decision say that there are still problems with the implant that should be addressed before becoming approved for public use.
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
GoPro Inc., Sun Mateo, California based company is going to cut 7% people out of its 1500 employees following poor sales revenue in Q4. Some technical issues have been blamed for sluggish sales during the fourth quarter from the action camera maker’s behalf. But the company axes over the employees to restructure expenses. However, analysts presume, the fall in sales revenue may not be up to that magnitude.
Like other tech giants, Shape Security Inc., ‘Botnets’ security service provider has been eyeing to enter into Chinese ecommerce market since long. Inclusion of Beijing based investor, Northern Light and raising sufficient funds for spreading elsewhere- appear as two contributing factors. These factors have led Shape to penetrate the world’s largest ecommerce zone.
The United Nation released a report on Tuesday revealing that the migration rate has surge by 41 percent in 15 years. The report also shows that the United States is leading the ranking with the most migrants living in the country.
Amazon has recently updated its Echo Smart speaker. The added features include playing Jeopardy through voice commands. This trigger word makes the artificially intelligent in built smart speaker to respond and get engaged with question- answer phrases. The updated Echo smart speaker will be charged through docked stations instead of traditional plugging in system round the clock.
