Jet.com heats up competition with Amazon, membership fees zero

Oct 08, 2015 09:26 am UTC| Technology Business

Jet.com, an online retailer founded by Marc Lore, announced on Wednesday that it was dropping its annual membership fees of $50 for its customers. Launched only in late July, the start-up is considered by many as a...

Volkswagen Crisis Vis-à-vis German Growth

Oct 07, 2015 11:29 am UTC| Insights & Views Business

Manufacturing sector accounts for around 23% of German GDP (well above the Eurozone average of around 16%) and among this, 15% is car production. Volkswagen is the biggest of Germanys car makers and one of the countrys...

Facebook to launch satellite in 2016 to connect millions

Oct 06, 2015 12:18 pm UTC| Technology Business

Facebook is continuously evolving and striving hard to reach new heights. Quite literally, the social media giant has announced its first project to deliver internet from space and has partnered with Eutelsat to launch a...

Apple acquires Artificial Intelligence startup Perceptio

Oct 06, 2015 11:36 am UTC| Technology Business

Perceptio, a start-up company owned by artificial intelligence researchers Nicolas Pinto and Zak Stone, has been acquired by Apple Inc., according to a latest report by Bloomberg. The start-up is focussed on developing...

Daimler ‘Shaping Future Transportation’ with self-driving trucks

Oct 05, 2015 07:55 am UTC| Technology Business

Daimler, the well-known German automaker, conducted the first-ever test of its autonomous truck on Friday in Germany. Dr Wolfgang Bernhard, the member of the Daimler AG Board of Management responsible for Daimler Trucks...

Volkswagen's problems have just begun, lawsuits could push firm to bankruptcy

Sep 25, 2015 06:27 am UTC| Business Technology

The world has come crashing down for Volkswagen ever since the news about its emission scandal broke. Martin Winterkorn, Volkswagen Chief Executive,resignedon Wednesday stating, Volkswagen needs a fresh start - also in...

Volkswagen scandal widens platinum-palladium spread

Sep 24, 2015 12:47 pm UTC| Insights & Views Business

Platinum is taking major hit over Volkswagen scandal as it is expected to reduce the demand for the metal which is highly used in diesel cars. Industry expectation is that Volkswagen scandal over diesel car emissions...