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Trump's tariffs put Volvo Cars’ production in imminent jeopardy

Published Date: 2018-07-21         Author: Pankaj Singh

Swedish carmaker Volvo has reportedly made it to the headlines for its investment plan worth $1.1 billion in the U.S. that could fall in potential danger in the midst of the tensions in global trade. According to reports, Håkan Samuelsson, the CEO of Volvo cars has immediate ordered for a &lsq... Read More

MealPal enters Singapore food-on-demand market with new meal services

Published Date: 2018-07-20         Author: Saipriya Iyer

MealPal, a U.S. food subscription start-up is apparently planning to offer S$1 hawker fare and restaurant meals starting from S$6.99 in order to establish its stance in Singapore food-on-demand industry. Incidentally, MealPal commenced this meal service on Monday, the 16th of July. Normally dinne... Read More

U.S. plans to offer a series of armed Guardian drones to India

Published Date: 2018-07-20         Author: Saipriya Iyer

The United States has reportedly depicted interest in selling the armed version of Guardian drones to the Indian sub-continent. If sources are to be believed, these drones were originally meant to be sold as unarmed units for surveillance purposes. For the record, this would be the first time tha... Read More

UOB inks deal with Razor, aims to provide e-wallet in Singapore

Published Date: 2018-07-19         Author: Pankaj Singh

The United Overseas Bank (UOB) has reportedly signed an agreement with a gaming company, with the intention of introducing a digital wallet in Singapore. As per sources, the deal comes merely within a few weeks post Razor’s launch of an e-wallet in Malaysia. UBO and Razer said in the m... Read More

parkCognition-Boeing deal to provide UAS traffic management solutions

Published Date: 2018-07-19         Author: Pankaj Singh

Airplane manufacturer Boeing has apparently teamed up with SparkCognition, an artificial intelligence technology company to develop UAS (unmanned aircraft system) traffic management (UTM) solutions. Using AI and blockchain technologies, Boeing and SparkCognition will track autonomous air vehicles in... Read More

IBM joins Stronghold in launching an FDIC-backed stable digital token

Published Date: 2018-07-18         Author: Pankaj Singh

Stronghold, a cryptocurrency startup, made an announcement on Tuesday introducing USD Anchor, a stablecoin which will run on Stellar’s blockchain platform and apply its consensus mechanism to validate transactions. USD Anchor will be backed one-for-one with U.S. dollars and held by Nevada-base... Read More

Booking Holdings pours in $500 million in China’s Didi Chuxing

Published Date: 2018-07-18         Author: Pankaj Singh

China’s largest ride-hailing company, Didi Chuxing has added some strategic capital to its business after Booking Holdings, a travel industry magnate, made a $500 million investment in the company. According to the deal, Booking Holdings which was previously known as Priceline will work closel... Read More

SLA launches Southeast Asia’s first geospatial industry center

Published Date: 2018-07-17         Author: Shikha Sinha

The Singapore Land Authority (SLA) has recently announced the launch of GeoWorks. Reportedly, this is the first Southeast Asian geospatial industry center in Singapore. For the uninitiated, geospatial technology, a technology that deals with location-based data is incorporated inside various food... Read More

Alibaba-Trendyol deal to augment Turkey e-commerce industry

Published Date: 2018-07-17         Author: Shikha Sinha

Alibaba, China’s online retail giant has reportedly conducted the largest internet transaction in the history of Turkey to date. Through this deal with Trendyol, a leading mobile commerce company in Turkey and the MENA region, Alibaba plans to expand its presence in Turkey, say sources. As ... Read More

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