
Daimler steps up collaboration with CATL for increased ranges, reduced charging times
Aug 06, 2020 01:36 am UTC| Business
Chinese battery manufacturer CATL will deliver battery packs that would give Mercedes-Benz cars 700 kilometers of range with higher recharging speeds, based on its agreement with Daimler. The partnership would include...

Zoom to triple workforce in India
Aug 05, 2020 23:25 pm UTC| Business
Videoconferencing company Zoom announced it would triple its existing workforce in Indias financial capital, Mumbai, while also establishing new data centers in Bangalore and Hyderabad. According to the companys chief...

South Africa's diamond industry relies on local demand for jewelry to reverse fortunes
Aug 05, 2020 23:18 pm UTC| Business
South African diamond polishers are enjoying increased demand as the pandemic-enforced proximity kindled romance and feel-good spending. Nungu Diamonds, a Johannesburg-based cutting and polishing firm, saw its...

Hanmi seals $860-M licensing deal for liver treatment material with MSD
Aug 05, 2020 08:48 am UTC| Business
Hanmi Pharmaceutical will get US$10 million from Merck Sharp Dohme (MSD) as initial contract payment in an $860 million exclusive licensing deal for the development, manufacture, and commercialization of its liver...

Clorox's disinfecting wipes to run low in stocks until 2021
Aug 05, 2020 08:29 am UTC| Business
Cloroxs disinfecting wipes wont be fully available in groceries until next year, with stocks running low due to the six-fold increase in demand, says CEO Benno Dorer. According to Dorer, other than being the hottest...

Google Cloud braces for Q4 surge in online shopping
Aug 04, 2020 23:40 pm UTC| Business
Alphabets Google Cloud unit is bracing for record online shopping during the holidays, leading to a fourth-quarter surge in sales from US retailers. Carrie Tharp, vice president of retail and consumer at Google Cloud,...

Chinese AI firm Xiao-i files $1.4 billion lawsuit against Apple
Aug 04, 2020 23:34 pm UTC| Business
Shanghai Zhizhen Intelligent Network Technology Co Ltd has sued Apple Inc for patent infringement, demanding $1.4 billion in damages and for the latter to cease manufacturing, promising to sell, sell, import, and use...