Business

Volvo Cars and owner Geely consider merger deal

Swedish automaker Volvo Cars and its owner Chinese automaker Geely Holding said Monday they are considering combining their businesses to create a company that "would accelerate financial and technological synergies between ...

Energy & Green Tech

Researchers develop a roadmap for growth of new solar cells

Materials called perovskites show strong potential for a new generation of solar cells, but they've had trouble gaining traction in a market dominated by silicon-based solar cells. Now, a study by researchers at MIT and elsewhere ...

Business

German carmakers beat global sales slump

German car giants Volkswagen, BMW and Daimler have posted strong sales growth in the face of a contracting global market in 2019, shifting massive numbers of SUVs ahead of a pivotal year for electric mobility.

Business

End of an era as Japan's Panasonic exits chip business

Japanese electronics giant Panasonic said Thursday it was exiting the semiconductor business, selling its loss-making subsidiary to a Taiwanese firm as it struggles with intense competition from China and South Korea.

Business

Watch this: China surveillance tech seeks to go global

Chinese firms are omnipresent at a Paris homeland security trade show, capitalising on their vast experience in developing surveillance systems for Beijing to conquer the global market despite concerns the technology has ...

Panasonic to stop LCD panel production

Japanese electronics titan Panasonic said Thursday it would end its production of liquid crystal display panels by 2021, as Chinese and South Korean manufacturers dominate the global market.

Automotive

Daimler mulls slashing 1,100 senior jobs: report

German luxury carmaker Daimler plans to cut 1,100 management jobs worldwide in fresh efforts to cut costs as it grapples with expensive recalls and a slowing global market, a German newspaper reported Friday.

Software

Spotify launches standalone music app for kids

Spotify wants to hook your kids on music at an early age. And the Swedish company is doing so by launching a tailored Spotify Kids app on Wednesday, initially in beta and only in Ireland. Though make no mistake, Spotify has ...

Automotive

Daimler profits nose ahead in third quarter

German carmaker Daimler reported Thursday a return to quarterly profits in July-September after its first three-month loss in 10 years, but said more work was ahead as it confronts a slowing global market.

Business

Huawei eyes computer market as US squeezes telecom business

Huawei will step up its presence in the global market for computer hardware, a top company official said on Wednesday, as the Chinese telecom giant weathers a US assault on its 5G network and smartphone business.

Automotive

German car sales higher in July

The car market in Europe's largest economy Germany grew strongly in July, official data showed Friday, but figures for the year to date show sales barely beating 2018 levels.

Engineering

AI radar system that can spot miniature drones 3 kilometers away

DGIST announced on Tuesday, July 16 that Senior Researcher Dae-gun Oh's team in the Collaborative Robots Research Center developed a radar system that can detect subminiature drones that are 3km away. This research is expected ...

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