Category: News Site

Aramco to acquire 10% stake in Renault and Geely powertrain JV

Aramco, one of the world’s leading integrated energy and chemicals companies, through a wholly owned subsidiary has signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain, the new global powertrain solutions company, alongside Renault Group, Zhejiang Geely Holding Group, and Geely Automobile Holdings. HORSE Powertrain was formed on May 31, 2024, by… Continue reading Aramco to acquire 10% stake in Renault and Geely powertrain JV

Honda sells 36,871 cars and SUVs in India, exports 35,336 vehicles in first-half 2024

Honda Cars India is among the few passenger vehicle OEMs whose domestic and export volumes are keeping pace with each other. For the six months ended June 2024, the car and SUV manufacturer has registered domestic market wholesales of 36,871 units, up 3% YoY, and exports of 35,336 units, up 232% on a low-year ago… Continue reading Honda sells 36,871 cars and SUVs in India, exports 35,336 vehicles in first-half 2024

Blackstone to sell Japanese supplement maker Alinamin to MBK for $2.2b: Nikkei

Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen ($2.17 billion), a person with direct knowledge of the matter said on Tuesday. The deal is expected to be signed soon, said the person, who declined to be identified as… Continue reading Blackstone to sell Japanese supplement maker Alinamin to MBK for $2.2b: Nikkei

New Bionic Leg Can Be Controlled by the Wearer’s Brain

Image by MIT Researchers at MIT have developed a new prosthetic leg that can be controlled via brain signals, an achievement that could greatly enhance the experience of walking with a bionic limb for amputees. As detailed in a new paper published in the journal Nature Medicine, the researchers found that their “neuroprosthetic” increased walking… Continue reading New Bionic Leg Can Be Controlled by the Wearer’s Brain

Microsoft CEO of AI Says It’s Fine to Steal Anything on the Open Web

“…the social contract of that content since the ’90s has been that it is fair use.” Freeware Microsoft AI CEO Mustafa Suleyman has some thoughts about fair use: that pretty much anything online is fair for big tech to use, actually! During an interview with CNBC‘s Andrew Ross Sorkin last week, Suleyman was asked whether AI… Continue reading Microsoft CEO of AI Says It’s Fine to Steal Anything on the Open Web

China Cracks Open First Ever Sample From Moon’s Far Side

And they’re already weirder than anyone expected. Thicker and Stickier After boldly going to the Moon’s far side, China is now in possession of more than four pounds of unprecedented lunar samples — the first ever collected in human history from that mysterious region. The state-run China Daily newspaper reports that samples from the Chang’e… Continue reading China Cracks Open First Ever Sample From Moon’s Far Side

Trees Blamed for Air Pollution

In a controversial new study, scientists are claiming that trees in Los Angeles are contributing to the city’s air pollution, challenging conventional notions about the positive role they play in urban ecosystems. As New Scientist explains, the theory was born of a strange conundrum: despite efforts to decrease traffic exhaust and increase environmental protections, the… Continue reading Trees Blamed for Air Pollution