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Daimler and Geely join forces to set up ride-hailing service in China
German automobile company Daimler is reportedly setting up a ride-hailing joint venture with Geely Group in China, a move that could help the Chinese firm build close relations with the Mercedes-Benz brand owner. Li Shufu, Chairman of Geely, had taken up a 9.69% stake in Daimler earlier in the year,... Read More
Travelport, IBM partnership to develop innovations for travel industry
Leading travel commerce platform Travelport has recently made an announcement saying it is expanding its existing partnership with IBM for developing innovations that would disrupt the travel industry. The company said it had completed a proof of concept for streamlining the validation, distribution... Read More
Uber plans to add electric car surcharge to all London rides
Ride-hailing giant Uber has reportedly announced that it intends to add a surcharge of 15p per mile on all the bookings via its app in London. As per trusted sources, the move is aimed at assisting the firm’s drivers to purchase electric vehicles. Reportedly, the fee is anticipated to be in... Read More
Innate Pharma and AstraZeneca extend oncology development partnership
Innate Pharma SA has reportedly announced a multi-term agreement with AstraZeneca and its global biologics research and development subsidiary, MedImmune. Innate looks to building on an existing collaboration to accelerate the oncology portfolio of each company and bring new medicines to patients fa... Read More
Imperial Oil resumes Norman Wells’ crude output after pipeline repairs
Canada’s second largest integrated oil firm Imperial Oil Limited has reportedly announced to have resumed oil production at Norman Wells in the Northwest Territories. As per trusted sources, the company restarted production almost two years after it was forced to halt shipments on a pipeline s... Read More
Roche steps up cost cuts via efficiency to stay ahead of opponents
Roche, the biggest manufacturer of cancer medications across the world, has reportedly started an efficiency drive in a bid to counterattack competition by employing cost cuts. According to sources familiar with the development, Roche is struggling with sales as its biotech product portfolio ages am... Read More
UK-Texas collaboration to offer new growth prospects in life sciences
The Texas Medical Center (TMC), which is home to the US’ leading cancer hospital and a total of 61 world leading innovators, will now offer a unique package to UK companies that will help boost innovations in life sciences and drive exports. Supposedly, the partnership will enable research col... Read More
Indian firms to be the foremost bidders for initial air force contract
Five Indian companies are reportedly bidding for a new air defense guns contract of the Air Force valued at more than INR 15,000 crore. Apparently, the companies have put their best foot forward as orders worth INR 40,000 crore are at stake for a similar requirement of the Army and Navy. ... Read More
Senvion signs 80MW contract with Heritage Sustainable Energy in U.S.
Leading manufacturer of onshore and offshore wind turbines, Senvion has recently signed an 80 MW agreement with the Michigan based renewable energy provider Heritage Sustainable Energy, for the supply and delivery of Garden II. The first 20 MW is apparently confirmed, followed by a conditional 60 MW... Read More
Shell to invest $200m on campus for expanding operations in the Hague
Netherlands based oil giant Shell is reportedly planning to announce a €200m investment in The Hague, to develop a new campus on the site of its current headquarters. Citing reliable sources, the oil company simultaneously wants to create jobs through its New Energies division, which will also ... Read More