Category: Automotive

Japan’s Toshiba receives eight proposals to go private

Toshiba Corp, the troubled Japanese conglomerate exploring strategic options, said it has received eight initial proposals to take it private as well as two proposals for capital alliances that would see it remain listed. The news comes amid recent signs that Toshiba, which has long been at loggerheads with its large activist shareholder base, is growing more… Continue reading Japan’s Toshiba receives eight proposals to go private

Investors sound a note of caution amid Indonesia’s quick commerce gold rush

Quick commerce startups in Indonesia have been on a fundraising blitzkrieg even as the overall tech sector is reeling under severe fund crunch amid geopolitical tensions and rising inflation. The industry has attracted funding worth over $100 million in the past six months as startups such as Astro, Dropezy, Bananas and Radius, among others, jostle… Continue reading Investors sound a note of caution amid Indonesia’s quick commerce gold rush

IFC, HSBC propose $600m investment to boost trade finance in emerging markets

International Finance Corporation (IFC), a member of the World Bank Group, and HSBC Bank have proposed to jointly invest $600 million to boost trade finance in emerging markets during crisis, according to a disclosure. The proposed investment is a 50-50 risk-sharing facility in a portfolio of trade-berated assets. The portfolio will be consisting of emerging… Continue reading IFC, HSBC propose $600m investment to boost trade finance in emerging markets

Indonesia’s Amartha targets jump in loans to microbusinesses

Peer-to-peer lender Amartha aims to double the amount of loans it channels to women running microbusinesses in rural Indonesia to about 13 trillion rupiah ($894 million) by 2025, the startup’s founder told Nikkei Asia in a recent interview. Amartha runs an online marketplace that channels capital from urban investors to female microentrepreneurs in the form… Continue reading Indonesia’s Amartha targets jump in loans to microbusinesses

Cruise can finally charge for driverless robotaxi rides in San Francisco

Cruise, the autonomous vehicle unit of General Motors, has finally been given the green light to start charging fares for its driverless robotaxi service in San Francisco. The California Public Utilities Commission (CPUC) voted Thursday to award Cruise with a driverless deployment permit, the final hurdle the company needed to jump to begin operating its… Continue reading Cruise can finally charge for driverless robotaxi rides in San Francisco

New Company Established: Sony Space Communications Corporation

Will conduct space optical communications business NEW YORK, June 2, 2022 /PRNewswire/ — Sony Group Corporation (“Sony Group”) announced that its wholly owned subsidiary, Sony Corporation of America (“SCA”), has formed a new company, Sony Space Communications Corporation (“SSC”), to conduct space optical communications. “Currently there are approximately 12,000 satellites in space, and the number… Continue reading New Company Established: Sony Space Communications Corporation

NASA Opens Second Phase of $3.5 Million Lunar Excavation Competition

HUNTSVILLE, Ala., June 2, 2022 /PRNewswire/ — NASA launched the second phase of its Break the Ice Lunar Challenge to advance technology that is – quite literally – groundbreaking. The challenge invites the public to advance system technology for excavating and delivering lunar resources. High on NASA’s list of innovation priorities are technologies that use the Moon’s resources to support sustainable surface operations while… Continue reading NASA Opens Second Phase of $3.5 Million Lunar Excavation Competition