BENGALURU, INDIA: India’s Infosys and Liberty Global have signed an initial five-year agreement worth 1.5 billion euros ($1.64 billion) to evolve and scale the communications firm’s digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. Building on their existing multi-year collaboration which has successfully supported Liberty Global’s technology services platforms…
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BP invests in start-up to cut green hydrogen costs with vapour technology
BP, the British energy giant, has invested in a start-up company that is developing a novel technology to produce zero-carbon hydrogen from water vapour emitted by heavy industry. The technology, called Symbion, uses heat from existing industrial operations to reduce the electricity consumption and costs of water electrolysis, the process of splitting water into hydrogen…
Tesla launches cheaper versions of Model S and X with shorter ranges
Tesla, the electric vehicle maker, has launched two cheaper versions of its Model S sedan and Model X SUV in the U.S. with shorter driving ranges, according to its website on Monday. The move is part of the company’s strategy to lower costs and boost sales growth amid competition and economic uncertainty. The new S…
Kraft Heinz names North American president Carlos Abrams-Rivera as new CEO
Kraft Heinz, the food giant behind brands such as Oscar Mayer and Maxwell House, has announced that its North American president, Carlos Abrams-Rivera, will become its new CEO next year. Abrams-Rivera will succeed Miguel Patricio, who has led Kraft Heinz since 2019. Patricio took over as chief executive as the company faced challenges such as…
Ford hires former Apple executive to lead new digital services unit
Ford Motor on Monday said it has hired former Apple executive Peter Stern as the president of its newly formed Ford Integrated Services unit to help build new high-margin digital and subscription services. Stern, who previously oversaw Apple TV+, iCloud and Apple News+, will report to Ford CEO Jim Farley. In his new role, Stern…
Dubai to issue commercial licences for AI and Web3 companies
Dubai has announced that it will issue commercial licences to help companies operating in artificial intelligence (AI) and Web3 to set up businesses in the emirate. The licences, issued by the AI and Web 3.0 Campus through the Dubai International Financial Centre (DIFC), will be 90 per cent subsidised and will support activities to aid…
SaskTel launches 5G network in Warman and Martensville
SaskTel, the provincial telecommunications provider, has announced the debut of its 5G network in the cities of Warman and Martensville in Saskatchewan. The 5G network, which offers data speeds of up to 1.2 Gbps download, is available in parts of Warman and Martensville starting today. SaskTel aims to provide 5G coverage to most parts of…
Jio rolls out 5G services in 26 GHz mmWave across India
Jio, the leading mobile operator in India, has announced that it has rolled out 5G services in 26 GHz millimetre wave (mmWave) across all 22 telecom circles in the country. The company claims that it has achieved a record top speed of up to 2 gigabits per second (Gbps) using this spectrum band. The mmWave…
Zynga launches Sugartown, its first Web3 game and platform
Zynga, the big mobile game developer and publishing label owned by Take-Two Interactive Software, has unveiled its first Web3 game and platform called Sugartown. Sugartown is a Web3 game built on the Ethereum network, providing players with an immersive environment where they can earn rewards. The game features a storyline of three farm animals who…
Clari acquires Groove to create the first end-to-end revenue platform
Clari, a leading revenue operations platform, announced today that it has acquired Groove, a leading sales engagement platform, for an undisclosed amount. The deal will enable Clari to offer the first end-to-end revenue platform that executes all internal and external revenue workflows, from prospecting to closing to renewing. Clari’s CEO Andy Byrne said that the…
Xiaomi unveils its thinnest foldable phone yet, the Mix Fold 3
Xiaomi has officially unveiled its third-generation folding phone, the Mix Fold 3, and it’s one of the thinnest foldable phones on the market, just marginally thicker than the reigning champ, the Honor Magic V2. But, before you get too excited, it has only launched in China, and it appears that is where it’s destined to…
Coinbase partners with Peoples Trust Company to offer more crypto services in Canada
Coinbase, the largest cryptocurrency exchange in the US, has announced that it has expanded its crypto offerings for the Canadian market as part of its international expansion efforts. According to an announcement, Coinbase’s entry into Canada is via a partnership with Peoples Trust Company, a federally regulated financial institution that provides banking and payment services….