Sunday May 28, 2023

INEOS enters the US with the acquisition of Eagle Ford assets from Chesapeake Energy

UK-based INEOS which is one of the biggest chemical manufacturers in the world has agreed to purchase Eagle Ford assets from Chesapeake Energy for $1.4 billion. As a result, INEOS will now obtain less expensive natural gas and will be capable of producing oil and gas in the United States. Chesapeake Energy is planning to […]

Google launches its ChatGPT rival Bard to continue consolidating its hold on the sector

This week, Google announced that it would soon be releasing a chatbot by the name of Bard. The debut looks to be a response to ChatGPT, an AI-powered chatbot that has gained enormous popularity and was created by the startup OpenAI with financing from Microsoft. This shows that Google is not allowing Microsoft or other […]

Chinese Automobile Manufacturer Chery To Start Production In Russia

At a time when many western companies have quit Russia after Ukraine invasion, Chinese companies are planning to expand operations in Russia according to the latest reports. Chinese car maker Chery is in talks with Russian manufacturers about producing cars in Russian plants. Cherry also plans to increase sales from 80000 to 100000 this year […]

Sichuan Power Crisis Hits Production for Apple’s Supplier BOE

Signs of disruption in Apple’s manufacturing are being seen in China’s Apple supplier BOE technology group. BOE group announced it will make adjustments to its operations in Sichuan province in China due to power rationing there in the region. The company said it is in communication with executives and expects there will be no major […]

U.S. Invests Billions to Compete with China Over Microchips

Amid a global shortage of microchips, U.S. president Joe Biden on Tuesday signed into law a multi-billion dollar bill to boost domestic production of semiconductors and research. This law will hope to counter fears that the country is losing its technological edge to China. The Chips and Science Act. provides around $52 billion to promote […]

Ford Motors Sanand Plant bought by Tata Motors for $91.5 Million

U.S automobile major Ford motors is shutting down operations in India and has sold its manufacturing plant in Sanand, Gujarat to Tata Motors. The deal is agreed for $ 91.5 million between Ford motors and Tata motors subsidiary Tata passenger electric mobility. It covers land assets and all eligible employees as well. Indian car maker […]

French App Developers Sue Apple For Overcharging On App Store

Apple, the makers of iPhone are in fresh trouble in Europe once again. This time Apple has been sued by French app developers who have accused Apple of violating U.S. anti-trust laws by overcharging on usage of its app store. The plaintiff is a French content developing company, its subsidiaries and an association of French […]

Airbus Terminates Remaining A350 Jetliner Deal With Qatar Airways

Europe based airplane manufacturer Airbus has revoked its entire outstanding order from Qatar Airways for A350 jets. With this Airbus has severed all remaining new jetliner business with the gulf carrier. Analysts call it a dramatic new twist to a safety and contractual dispute. Qatar Airways sued Airbus over faulty design and later on half […]

Apple Seeks To Capture The Vehicle Software Market With New Version Of Carplay

Apple recently unveiled the latest version of its car software Apple CarPlay. This software allows the driver to connect his/her phone to the car so the driver can listen to map directions on the stereo and see the music and maps on the screen.  The new version will let the Apple’s operating system take over the […]

Despite of Multiple Production Delays Tesla Posts Solid Growth

Tesla announced this week that its second quarter revenue rose 42% over last year. Tesla also announced nearly 60% jump in adjusted earnings per share.  These numbers come despite production disruptions in China because of the COVID lockdown and high costs associated with new production plants in Texas and Germany. Tesla sales are really strong […]

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