Tesla S has got a new update of beta version software 7.1 named 'Summon', featuring to work with a distance of 39 feet without having a driver inside. In line with the existing Federal law, the autopilot is only allowed in private lands. However, the only reported shortcoming regarding inability to park autonomously is believed to eradicate with further developments in the near future.
Investors
T Mobile CEO’s Apology Appears To Be Tactical Bullying
John Legere has been witnessing a social media riot centering his F bomb blasting during a question- answer session in Twitter on Monday. One of T Mobile’s ‘Binge On’ has reportedly withdrawn itself from the platform. The embattled CEO has been compelled to seek apology but tries to make it conditional. T Mobile is accused of violating net neutrality through throttling by EFF and net neutrality advocates.
Toyota Mirai: First Auto To Adopt Kymeta’s Flat Antenna Technology
Toyota Mirai has been represented with a flat antenna at this week’s North American International Auto Show in Detroit on Tuesday. The flat antenna technology is capable of widening the coverage area and shares the same communication standard across national borders. The Mirai trial still appears in the early testing stages and Toyota commits to install data communication modules in a wider range of vehicles.
Millennials prefer rented accommodation in London
Rents in London were up over eight percent, while overall national average was 4.8 percent in 2015. Majority of millennials prefer rented accommodation rather than buying a house or flat. Millennials are not bothered about maintenance works and other mortgage tension these days. The Generation Rent also considers buying a property is very expensive.
2016 may be tough for UK manufacturers as confidence eases
The weakening business confidence coupled with global economic challenges is impacting the UK manufacturing sector in more negative way. Despite odds forecast for 2016, majority of manufacturing firms in the UK are going ahead with their investment plan for technology and innovation. About 44 percent of UK companies participated in a survey expressed their concerns about challenging 2016 year.
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State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.
Oracle billionaire Larry Ellison's Ohana Airline Holdings LLC will sell a controlling interest of Island Air to venture capital investment company PacifiCap.
Saudi Aramco may tap capital market very shortly. The Kingdom of Saudi Arabia (KSA) is considering a major restructuring plan for the world's biggest oil producing company in the wake of lower oil prices. The Saudi government may also sell some of the stake in Aramco.
SpringOwl Asset Management managing director Eric Jackson recommends Yahoo to replace CEO Marissa Mayer and cut 9,000 of its workforce.
Amazon has reportedly reiterates its presence in the microchip arena through unveiling acquired concern, Annapurna Lab’s Alpine. Through currently retailing a very meager market share compared to Intel’s strong dominance over chip arena, Alpine appears as a potential threat to the latter. But the unveiling event has been dominated by reduced rating points over in price index.
The overnight gains on the Wall Street have boosted the market sentiment on Asian bourses ahead of the US Federal Reserve's meeting. The trading on Wednesday registered positive momentum in equities across the Asian markets.
Despite the International Monetary Fund recent inclusion of the yuan or Renminbi in their basket, rich Chinese men are selling their money for other currencies, because they know that China's economy continues to slow down.
Adventure brand and Esprit owner and co-founder of the North Face outdoor company, Douglas Tompkins, died in a kayaking accident in Chile. He spent a large percentage of his wealth on environmental conservation.
