Tesla’s first European “gigafactory” in Germany has received the conditional approval of local authorities to start production in a matter of weeks, several months after chief executive Elon Musk had hoped to open the site near Berlin. The plant, which the company claims will eventually manufacture 500,000 vehicles a year, was originally supposed to start…
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Sony and Honda want to make electric cars. Lex suggests the moniker “Driveman”, echoing Sony’s successful audio product. The Japanese industrial groups’ plan for a joint venture to produce battery electric vehicles comes at the right time. Honda will manufacture the EVs while Sony develops the mobile data technology within the cars. A new company…
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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Ukraine has stepped up demands for the world’s biggest technology groups to take more meaningful action to stop Russia’s disinformation campaign, accusing them of “profiting off Putin’s lies”. The Russian invasion of Ukraine was “made possible” by state-controlled media, whose “made-up stories about a genocide against Russians” was used to justify the war, wrote Mykhailo…
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Microsoft is to cut off sales of all of its products in Russia as Ukraine stepped up demands for the world’s biggest technology groups to take more meaningful action to “stop enabling Russian propaganda and disinformation”. The software company, acting two days after Apple stopped sales in Russia, said it was doing so after being…
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Sony and Honda said they would form a joint venture to produce electric vehicles in a deal bringing together two of Japan’s most storied industrial names to take on Tesla, emerging Chinese players and traditional carmakers. Targeting the high valuations Tesla and other EV makers achieved before the recent sell-off in technology stocks, chief executives…
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Europe’s largest activist investor is calling for sweeping reforms in Ericsson’s corporate governance in an attempt to restore confidence at the embattled telecoms equipment maker after its shares lost a third of their value over possible payments to the Isis terror group in Iraq. Cevian Capital, which has the second largest equity stake in Ericsson,…
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Exposure to Russia. Lenders who have played fast and loose. At the end of the day Western Europe decided to ignore the relentless build up of military hardware and personnel on Ukraine’s borders as a bluff by President Putin. I must admit that I did not really understand why he did it but perhaps Sunday’s…
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You can enable subtitles (captions) in the video player If you had to guess, what would you say was the best selling British computer of all time? Not a lot of companies make computers in the UK anymore, so maybe you’d go back a few years. Maybe this Amstrad, it sold more than 2mn units…
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Russia’s invasion of Ukraine threatens to pile further pressure on chip manufacturing as a squeeze on the supply of rare gases critical to the production process adds to pandemic-related disruptions. Ukraine supplies about 50 per cent of the world’s neon gas, analysts have said, a byproduct of Russia’s steel industry that is purified in the…
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