Hertz, the world’s largest rental car company, is going electric. The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now. Hertz has already made deals to buy 330,000 electric vehicles from Tesla, Polestar, and General Motors. The first GM vehicles are beginning…
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Samsung to build new chip facility in Japan amid regional rivalry
Samsung Electronics, the world’s largest memory chip maker, has announced plans to build a new chip development facility in Yokohama, Japan, in a bid to boost its technological edge and foster cooperation with Japanese chip firms amid rising competition from China and Taiwan. The South Korean tech giant will invest over JPY 300 billion (around…
Air Arabia to Connect Sharjah and Bangkok with Low-Cost Direct Flights
Air Arabia, a budget airline based in the United Arab Emirates, has announced its plans to launch daily flights between Sharjah International Airport and Bangkok Suvarnabhumi International Airport starting from June 30th. This marks the airline’s entry into the Thai market and adds to its network of more than 170 destinations. The route will be…
Elon Musk to step down as Twitter CEO, successor to join in six weeks
Elon Musk, the owner of Twitter and the founder of Tesla and SpaceX, has announced that he will step down as the CEO of the social media platform and hand over the reins to a new leader. Musk tweeted on Thursday that he has hired a new CEO for Twitter, but did not reveal the…
Karthik Balagopalan takes charge as Puma India’s new MD
Sportswear brand Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of its fastest growing markets1. Balagopalan, who has been with the company since 2006, will take over from Abhishek Ganguly, who has decided to pursue his entrepreneurial dreams after 17 years of service. Balagopalan has a rich experience in…
BMW to unveil next-gen 5 Series and its electric counterpart, the i5, later this month
BMW is gearing up to unveil the next-generation 5 Series and its electric counterpart, the i5, later this month. But the most anticipated model in the lineup, the new M5, will likely keep us waiting for a bit longer. The M5 is covered in a full-body camouflage wrap and cladding, making it hard to spot…
Google unveils new Pixel devices at I/O 2023
Google has announced three new Pixel devices at its I/O 2023 developer conference today: the Pixel 7a, the Pixel tablet, and the Pixel Fold. The latter is Google’s first foldable phone and the most expensive Pixel device ever. Pixel 7a The Pixel 7a is the latest addition to Google’s A-series of affordable phones. It costs…
Lavita AI secures $5 million in seed funding to further develop its AI+Web3 platform
San Francisco-based Lavita AI has announced that it has raised $5 million in seed funding to develop its AI+Web3 healthcare platform. The round was led by Camford Capital, with participation from a group of angel investors from the blockchain and AI industries. The platform is designed to be patient-driven, providing secure sharing of health data.…
China’s Consumer Price Index slows down to 0.1% in April, short of economists’ expectations
China’s consumer price index rose 0.1% in April, marking the slowest increase since early 2021, according to data released by the National Bureau of Statistics. The month-on-month data showed prices actually declined by 0.1%. Economists had anticipated a 0.4% year-on-year increase and no change from the previous month. However, core inflation, which excludes food and…
Ikea opens new green distribution centre in Dartford
Ikea has opened a new distribution centre in Dartford that will deliver online orders to customers in the South East using 100% renewable energy and electric vehicles. The 452,000 sq ft facility, which opened today (May 10), will handle 1 million orders per year and reduce delivery times for online shoppers in the region. The…
OnePlus Pad goes on sale in the US with free Folio case and trade-in program
The OnePlus Pad, the first tablet from the Chinese smartphone maker, is now available for purchase in the US for $479. The tablet was announced in February and went on pre-order in April, but OnePlus did not reveal the price until two weeks ago. The OnePlus Pad is a mid-range Android tablet that features an…
Google Unveils AI-Centric Coding Tools at I/O Developer Conference, Including GitHub Copilot Competitor
Google announced several AI-centric coding tools at its annual I/O developer conference, including an AI-assisted coding feature in its no-code AppSheet product and a chat tool for asking coding and Google Cloud service questions. The cornerstone of these tools is Codey, a coding-related prompts handler based on Google’s PaLM 2 language model, which was trained…