Before starting production, Chevrolet auctions first C8 Corvette Stingray for USD 3 million at Barrett-Jackson

Before starting production, Chevrolet auctions first C8 Corvette Stingray for USD 3 million at Barrett-Jackson

Just before starting the production of the 2020 C8 Corvette Stingray, Chevrolet has auctioned the very first production model at the Barrett-Jackson Scottsdale sale. Auctioning the first production model of a new performance car for charity has become a practice. And this is probably why the 2020 C8 Corvette Stingray was auctioned for USD 3 […]

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Toyota Invests USD 394 Million On Santa Cruz Flying Taxi Startup Joby Aviation

Toyota Invests USD 394 Million On Santa Cruz Flying Taxi Startup Joby Aviation

Toyota Motor Corporation is known for its love for flying cars and this is why it gave USD 386,792 to Cartivator way back in 2017. The Japanese multinational automotive company has now invested USD 394 million in Joby Aviation. Joby Aviation is developing all-electric vehicle take-off and landing (VTOL) aircraft. This will be used in […]

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Scooter Sharing Company Lime Exits 12 Markets, Lays Off 14 Percent Staff In Search Of Profit

Scooter Sharing Company Lime Exits 12 Markets, Lays Off 14 Percent Staff In Search Of Profit

Lime, a scooter-sharing company, has decided to exit 12 markets in the United States and overseas. The company is also laying off around 100 or 14 percent of its full-time workers. It has not made any announcement regarding how many part-time workers will be affected by the move. The markets that the e-scooter company is […]

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Macy's Closing Around 30 Stores In A Bid To Boost Its Profitability

Macy’s Closing Around 30 Stores In A Bid To Boost Its Profitability

Macy’s has decided to close around 30 stores in a bid to boost its profitability. The luxury department store chain said that it would shift focus on most profitable stores. The new wave of closures comes close on the heels of the holiday sales that were as bad as some have feared. Among the stores […]

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Starbucks Adds Almond Milk Honey Flat White, Coconut Milk Latte Drinks To Its Permanent Menu

Starbucks Adds Almond Milk Honey Flat White, Coconut Milk Latte Drinks To Its Permanent Menu

Starbucks has kick-started 2020 by adding two non-dairy drinks in its permanent menu. The two drinks are plant-based milk alternative and they will be available at stores across the United States and Canada. Customers at these locations can order the Coconut milk Latte and the Almond milk Honey Flat White. The coffee giant has also […]

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China Rules Out Flu-Like Virus SARS In The Mysterious Pneumonia Outbreak In The Region

China Rules Out Flu-Like Virus SARS In The Mysterious Pneumonia Outbreak In The Region

Health officials of China have made it clear that viral pneumonia pandemic is not the result of the SARS virus, which has affected 59 people. SARS had killed more than a hundred people a decade ago. The mysterious epidemic has been rising since last week in Wuhan, which has led to many speculations about the […]

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Amazon Blames US President Donald Trump For Losing USD 10 Billion JEDI Project

Amazon has alleged that US President Donald Trump abused his position and applied ‘improper pressure’ on Pentagon because of which it lost a USD 10 billion contract. The company added that Trump wanted to screw CEO Jeff Bezos and that is why the project was granted to Microsoft. The e-commerce giant argued in a lawsuit […]

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High-Tech Job Opportunities Are Being Concentrated In Fewer Metro Cities In The US

A new report from The Brookings Institution has found out that the majority of technology jobs and affluence are happening only in a handful of metro cities in the US. As per the reports, 90 percent of all growth in innovation sector jobs has been clustered in five cities such as San Francisco Bay Area, […]

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China Asks Government Offices To Ban All Foreign Hardware And Software

China has reportedly ordered to ban all foreign technology in its government offices and agencies. Beijing is planning to replace all foreign hardware and operating systems over the next three years. The plan has been dubbed ‘3-5-2’ as the replacement process will happen at a pace of 30 percent, 50 percent, and 20 percent in […]

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Ericsson To Pay USD 1 Billion In Fines To Settle Corruption Charges

Swedish network equipment giant Ericsson will fork over USD 1billion to US regulators to settle corruption charges. Ericsson agreed to pay the hefty amount after pleading guilty to violating the Foreign Corrupt Practices Act. It is in trouble for bribing officials in several countries like Kuwait, China and others over a period of 17 years. […]

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