Xi’an To Follow Shenzhen’s Success
China’s independence in technology in its development plan reveals its objective: to expand in areas of frontier technologies. After gaining success in technologies with domestic Huawei and Tencent Holdings, Shenzhen has been a role model for cities like Xi’an. Xi’an, a major growing city in 2020, has taken firm steps to develop breakthroughs in semiconductor […]Read More
Xiaomi Shares Rise over 10% As U.S. Judge Lifts Restrictions
Xiaomi’s shares saw a jump on March 25 as a U.S. judge transiently removed restrictions imposed by the former president Donald Trump. The U.S. district judge Rudolph Contreras lifted the embargo issued by the Trump administration. He said the Chinese company would be hammered if aids are left out. There’s no evidence to prove Xiaomi […]Read More
Virgin Airline Raises Money
Slashed by the pandemic, Virgin Atlantic Airways plans to raise £160 million, according to a spokesman from Richard Branson’s airline. The airway keeps boosting its financial status, she said, adding the most recent financing (£160 million) is a good support in 2021 as recovery is still slow-paced. Sale-leaseback of two Boeing 787s in the month […]Read More
Grab in Talks with SPACs
Grab ride-hailing company is negotiating with a U.S. special purpose acquisition company (SPAC) to go public. The merger deal is valued between $35 billion and $40 billion, the biggest transaction ever. Grab Holdings Inc has discussed with Altimeter Capital Management, which supports two SPACs. In this regard, a new report stated that Grab is negotiating […]Read More
India Launches Green Hydrogen Production
India’s green hydrogen initiative has been agreed upon by Fusion Fuel Green and BGR Energy Systems. They will establish related facilities in Tamil Nadu, a south Indian state, this year. The aim is to expand green hydrogen plan in the country. Fusion Fuel Green, with offices in Portugal and Ireland, will provide Tamil Nadu’s plant […]Read More
Target To Launch Favorite Day Snacks
Target Corporation is about to start up a new brand soon. Named Favorite Day, the food and beverage line is going to offer a variety of snack items, over 700 food and beverage supplies. They range from ice creams to breads, cakes, beverages and much more. The American retail company tries to attract customers who […]Read More
Japanese Female Workforce Beats U.S. and Europe
Japan’s female workforce has risen, exceeding Europe and the U.S. in percentage, according to Kathy Matsui , the former vice chair and chief Japan strategist for global investment bank Goldman Sachs. “Womenomics”, a term created by her, was welcomed by Shinzo Abe, the popular former Prime Minister, who took measures to allow women to take […]Read More
Malaysia’s AirAsia Group To Launch Drone Delivery
While the low-cost airline looks into expanding in time of the pandemic, the Malaysia’s AirAsia Group Bhd aims to introduce its air taxi and first delivery drone service. Its other plan is to start the ride-hailing industry in April to facilitate travels. Tony Fernandes, the group’s CEO, said the air taxi with a pilot carries […]Read More