A group of automakers consisting of Toyota, General Motors, and Volkswagen are opposing the recently passed U.S. Senate bill of USD 430 billion, seeing it as a major roadblock in the country’s electric vehicle adoption goals for 2030. According to John Bozzella, Chief Executive of the Allia

South Korean auto giant, Hyundai Motor Corp, is reportedly looking to either increase its existing stake in 42dot, a lidar-free autonomous mobility platform, or completely acquiring the firm, indicating the group’s growing interest in the self-driving space. A 42dot spokesperson stated that

Infosys, a global leader in next-generation digital services and consulting, has recently announced the inauguration of Sydney Living Lab, a co-creation space for digital innovation, in view of accelerating innovation in NSW (New South Wales) and as a part of a network of 20+ established worldwide.

Giza-based startup Cartona, an e-commerce platform digitalizing the FMCG trade market, has reportedly secured $12 million in its Series A funding round. The round was led by VC firm Silicon Badia and joined by Sunny Side Ventures, Arab Bank Accelerator, and the impact investment fund SANAD Fund f

Kmart, an Australian chain of department stores owned by the Kmart Group division of Wesfarmers, and Bunnings, an Australian household hardware chain, has recently halted the use facial recognition technology in their store following an inquiry from Australia's privacy regulator OAIC (Office of

South Korean auto giant Hyundai Motor Group will reportedly receive benefits worth ₩2.4 trillion ($1.8 billion) in terms of incentives and tax exemptions from the state of Georgia, USA, for developing its first dedicated EV manufacturing factory in the state. The subsidy package, which includ

Meta Platforms Inc, Facebook’s parent company, has reportedly been hit by a trademark lawsuit from MetaX LLC, a leading tech firm that develops immersive VR experiences, for allegedly misappropriating its name for rebranding itself to highlight its pivot towards the metaverse last year. The

Loot boxes in video games will reportedly not be banned in the UK, in spite of a government consultation finding proof of a consistent relation of the feature with problem gambling. For the uninitiated, loot boxes allow players to unlock in-game rewards, like outfits, weapons, or even special cha

Berlin-based digital insurance firm, wefox, has reportedly closed a $400 million Series D funding round, comprising of both debt and equity. Through this, the firm has elevated its post-money valuation to more than $ 4.5 billion, which is the largest for an insurtech firm. The round was led by Em