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BMW's Designworks and EVA Air collaborate for distinctive Business Class seat

BMW BMW's creative consultancy unit Designworks just unveiled details of a collaboration with five star Taiwanese airline EVA Air for creation of a new peculiar, eccentric and novel business class seat. Applying their first-hand experience of global cultures, Designworks worked on solutions to complement their own identity while reinforcing their unique, premium and global positioning. The target for this collaboration was to steer away from a ‘conventional’ seat design to one crafted with a more unique and mature design made to create bold and differentiated experiences for passengers. BMW Challenging ‘conventional’ methods by focusing on the end-to-end passenger in-cabin experience, Designworks' output was focused on streamlining stowage, whilst maximizing spaces for productivity and entertainment. “At a time where consumer expectations continue to rise across their daily brand interactions, mobility industries must constantly adapt to rapidly changing cu

Mercedes-Benz unveils a new addition to its A-Class lineup

Daimler AG Mercedes has unveiled a new Mercedes-Benz A-Class Saloon vehicle marking another addition to its family of compact cars which sports familiar A-Class features and characters which include modern and efficient engines, a high safety level, The Mercedes-Benz User Experience infotainment system (MBUX) and a state-of-the-art driving assistance system. The newly unveiled vehicle is set for production next year and will be brought to the public eyes for the first time at the Paris Motor Show holding from the 4th to 14th of October 2018. Daimler AG Of all production vehicles worldwide, Mercedes says the new A-Class Saloon has the lowest aerodynamic drag thereby defending the world record of its CLA Coupé vehicle. "Following the successful launch of the new A-Class in May, we are continuing to expand the range in the compact car segment.In response to the wish of many customers, we are now offering the A-Class for the fist time as a saloon car as well", Top D

The Mercedes-Benz V-Class can now come equipped with a wheelchair cassette lift and a transfer seat "Slider" aimed at wheelchair users

Mercedes A modified and new version of the Mercedes-Benz V-Class set for premiere at the on-going REHACARE 2018 event comes fitted with unique solutions aimed at providing more convenient mobility for wheelchair users with a cassette lift and a transfer seat stocked for the new vehicle being key focus points. The cassette lift makes for comfortable access to the vehicle while the transfer seat is made for easier movement from a wheelchair to the driver's seat for the vehicle. This solutions installed at the Mercedes-Benz Car Modification Center in Sindelfingen would soon be made available for order by customers. Receiving everything from a single source caters for a full Mercedes-Benz guarantee regarding safety for the consumer. The "F6" cassette lift outfitted beneath the V-Class opens to the rear sliding door and can be extended at the touch of a button via remote control which lowers it to ground level with a further touch of the button taking it back up g

Indian budget hospitality startup Oyo Rooms raises $1 billion from Softbank at $5 billion valuation

image credit : Oyo Rooms Indian budget hotel aggregator and major hospitality startup Oyo Rooms has now raised $1 billion in new funding from the likes of Softbank, Sequioa, Lightspeed Venture Partners, Greenoaks Capital and other existing investors. Softbank's Vision Fund led the round with an $800 million commitment for the company now said to be valued at $5 billion with this round. Oyo is planning an expansion into the Chinese market with a significant part of this funding geared for operations in the region as it taps into more markets to expand its reach. The company led by 24 year old founder and current CEO Ritesh Aggarwal began just 5 years ago and has grown at a very rapid rate counting over 8,500 hotels across 230 Indian cities as part of its network. Prior to this round, Oyo had raised over $450 million with Softbank being a major backer and now returning to lead this round. image credit : Oyo Rooms “In a short span of time, Oyo Hotels has grown to becom

Facebook nabs Hotstar CEO Ajit Mohan to lead its Indian operations

Facebook Facebook has hired Ajit Mohan, The CEO of Hotstar, India's largest streaming service operated by 21st Century Fox with Mohan now leading its Indian operations as he takes on the roles of managing director and vice-president of Facebook India. This move represents a very notable one with Hotstar being a major digital service in India used by over 100 million people as Mohan now takes his in-depth experience in the Indian market from his time as CEO of the company.  It also notably comes as Facebook works on grabbing a share of the streaming market with more investments put into acquiring broadcasting rights for offering premium quality content to consumers. “India is one of the largest and most strategically important countries for Facebook,” Facebook’s Vice-President of Business and Marketing Partnerships, David Fischer, said in a statement. Facebook “As we think about what it will take to achieve our mission of bringing people together and building communi

Intel's New Silicon Photonics Products are Optimized for acceleration of the movement of massive amounts of data

Intel Chip giant Intel just unveiled stats on new silicon photonics products being produced  by the company targeted at 5G infrastructure regarding the movement of massive amounts of data between numerous networks. It did this at the European Conference on Optical Communication (ECOC) which held in Rome where it provided specifics on the new 100G silicon photonics transceivers optimized for capacity of bandwidth requirements of next-generation communications infrastructure while also being crafted for survival even in harsh environmental conditions. The expertise to move tons of data across numerous networks stands predominant in this data-centric era with more industries adapting new tech everyday for storing, movement and processing of tons of data for differing operations. Visitors to Intel's booth at Mobile World Congress earlier this year got to experience a live, over-the-air 5G connection in action, streaming 4K UHD video through use of the first successful multi

Pandora set for $3.5 billion acquisition by Sirius XM

Pandora CEO Roger Lynch Pandora New York headquartered Radio giant Sirius XM has now reached a deal to acquire popular streaming service Pandora for $3.5 billion in what represents a very notable acquisition in the music streaming scene which would shoot Sirius to the position of being the largest entertainment company in the world. This deal which involves all-stock for the purchase would combine Pandora's 70 million monthly active users with Sirius XM's 36 million subscribers which would provide a very competitive edge for the company in the audio entertainment market. It also comes just a year after it completed a $480 million strategic investment into Pandora through a purchase of then newly issued Series A preferred stock. For each Pandora stock shareholders hold, They will be getting 1.44 newly issued Sirius XM shares under the terms of this deal implying a price of $10.14 per share vs. Pandora's Friday $9.09 close. Pandora Chief Operating Officer Davi

Grab and Uber fined $9.5 million by Singapore's anti-trust regulator over "anti-competitive merger"

Grab co-founder/CEO Anthony Tan Grab Ride-sharing firms Grab and Uber have been hit with fines amounting to $9.5 million by Singapore's Competition and Consumer Commission regulatory organization over what it says was an "anti-competitive merger" regarding the combination of both companies' South East Asian businesses. The merger completed on the 26th of March was made as part of Uber's efforts to consolidate intense and expensive competition after heavy investments amounting to $700 million in the region. Uber combined with Grab's SE Asian operations in exchange for a 27.5% stake in the company worth billions of dollars. The CCCS said that both firms violated the country’s Competition Act stating of it leading to a between 10 percent and 15 percent increase rate for passenger fares. "Potential competitors are hampered by exclusivities and cannot scale to compete effectively against Grab," the commission said in a statement.

Nissan outs its most intelligent pickup idea, The Navara Dark Sky Concept

Nissan At the on-going vastly attended Hannover Motor Show, Nissan has outed a new concept featuring unconventional and groundbreaking features in form of the Nissan Navara Dark Sky Concept which highlights the company's growing versatility in the Light Commercial Vehicles (LCV) space. The Navara Dark Sky Concept developed in the U.K in collaboration with the European Space Agency (ESA) is endowed with an advanced version of Nissan’s ProPILOT driver assistance technology while reflecting an aptness to power and tow a mobile astronomy laboratory as illustrated by the pictures.     Nissan Functioning as a mobile astronomy lab facilitated with a world-leading, observatory-class telescope on a denoted off-road trailer, The Dark Sky concept stands as a unique offering for customers while spotlighting a latest incorporation of the Nissan Intelligent Mobility feature for for upgraded safety. “The Nissan Navara Dark Sky Concept is a brilliant example of Nissan serving as an a

Samsung and Disney dish out Zootopia-Themed AR Emojis

Samsung Since the introduction of AR Emojis with the debut of its Galaxy S9 smartphone, Samsung and Disney have collaborated to bring a number of Disney characters to life as downloadable AR emojis and is now making a new addition for this feature with a character lineup from the hit movie Zootopia. 3 beloved characters Judy Hopps, Nick Wilde and Flash have now joined the list of animated Disney personalities in addition to others from Mickey Mouse and friends, Frozen and The Incredibles. This new characters can be gotten through an access of the camera’s AR Emoji mode with a plus icon on the right hand side leading to differing options among which is a Zootopia AR Emoji pack from the Galaxy Apps store. Users are able to create and share the animated images after download with the AR Emojis available to be used for images, videos or gifs on favorite messaging apps. AR Emojis of Judy, Nick, Flash and several other characters can also be listed as a GIF available for a video on

Renault unveils 'Smart Island' packed with innovative electric ecosystems

Groupe Renault Renault, The French auto giant and major player in the world of electric ecosystems has now partnered with the likes of Morbihan Energie, Les Cars Bleus, Enedis, 3 renewable energy focused firms for an initiative dubbed FlexMob’île aimed at complementing the the energy transition on the French island of Belle-Île-en-Mer while delivering a smart electric ecosystem founded on 3 core activities. These core activities are centered around sharing of electric vehicles, stationary storage of solar energy and smart charging aimed at developing its principle of "smart islands" marking its second location after Portugal’s Porto Santo. Groupe Renault This brand new joint project is aimed at facilitation of energy transition on the French island of Belle-Île-en-Mer marking a unique process geared with the footsteps of the Smart Fossil Free Island programme which began last year February on the Portuguese island of Porto Santo in the Madeira archipelago. Ren

The new BMW GS and RT motorbikes bundles the passion for travel in a new dimension of engine power

The BMW R 1250 GS BMW The BMW Motorrad GS and RT models has stood for powerful and reliable propulsion for the past 35 years in relation to taking on long-distance journeys with desirable convenience and comfort, BMW has outed to new additions to the lineup dubbed the  R 1250 GS and R 1250 RT respectively packed with many high-end features including an advanced boxer engine with BMW ShiftCam technology making a game-changer for performance, efficiency and culture. The ShiftCam Technology packed for the 2 new motorbikes enables for variation of the valve timings and valve stroke on the intake side leading to more power across the engine's entire speed range, optimized fuel consumption and emission levels, increased refinement and running smoothness. BMW Another technical change to the engine is a camshaft drive now taken care of by a toothed chain as compared with a roller chain in previous models for better optimization, It also features twin-jet injection valves and

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Pokémon Go Creator Niantic Raises $300M, Valued At $9B

Niantic , an augmented reality (AR) company whose products include the famous  Pokémon Go game, has raised a big new round of funding. It's raised $300mn in funding at a valuation of $9bn. All the funding came from just one investor; Coatue , a New York-based hedge fund famous for investing in many blue-chip tech startups. With its new funding, Niantic says it'll invest in current games and new apps and expand its AR developer platform called Lightship . The company says it's set on building the "real-world metaverse," jumping on the bandwagon popularized by Facebook's parent firm, Meta.  The base for Niantic's metaverse vision is the Lightship developer platform which it launched this month. It's a platform for developers to build augmented reality apps and experiences, drawing from Niantic's tools that helped create its hit  Pokémon Go game. To draw creators to Lightship, Niantic has also set up a $20mn venture fund to invest in AR startups

Deal: Workday Buys Ohio Startup Vndly For $510M

Workday (NASDAQ: WDAY), the famous HR/finance software vendor, has made a big new acquisition to support its platform. The company will acquire Vndly , a software platform for companies to manage contract workers. Vndly fits in well in Workday's overall software suite, and the rationale behind the purchase is clear. Vndly is an Ohio-based startup. Workday will pay $510mn to buy it, marking one of Ohio's biggest startup exits this year. Vndly has raised roughly $60mn from VCs, so a $510mn exit is very lucrative and more so for a startup founded just four years ago .  Before now, Vndly and Workday were already close allies. Vndly's platform is integrated with Workday's, with official certification to go. The Mason, Ohio-based startup is part of Workday's global network of endorsed software partners, so Workday didn't even have to look far to snatch its latest acquisition.  Vndly was founded in 2017 by two entrepreneurs,  Shashank Saxena and Narayana Surabhi .

Amazon, Apple Fined $230M For Reseller Collusion In Italy

Tech giants Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have been handed sizeable fines by the Italian government following an investigation into alleged reseller collusion between both companies. Amazon was fined €135mn ($151mn) and Apple  €69mn ($78mn), totaling $229mn .  The fine was levied by the  Italian Competition Authority . According to the agency, Apple and Amazon had a contractual agreement to allow  select resellers to sell Apple and Beats products on Amazon's Italian marketplace. The agency said that the selection was applied in a "discriminatory" way that violated European Union rules and affected price competition. According to the  Italian Competition Authority, at least 70% of local consumer electronics purchases are made on Amazon, making it a dominant retailer. This dominance, therefore, demands a "level playing field" for retailers that sell on Amazon's marketplace, the agency said. This is the nth time Amazon is getting in the cr

Antitrust: US DOJ Sues To Block Major Sugar Industry Merger

The U.S. Department of Justice (DOJ) is freshly on the antitrust circuit, seeking to block a merger it deems detrimental to consumers. The agency has filed a lawsuit to block the sale of  Imperial Sugar , a leading American sugar producer, to rival  U.S. Sugar . The DOJ says the proposed deal will make just two sugar producers account for an "overwhelming majority" of refined sugar sales in the U.S. Southeast, U.S. Sugar being one of the two producers. This concentration of power would make consumers pay more for refined sugar, the DOJ says.  Imperial Sugar is owned by Louis Dreyfus Company, a privately-held agricultural giant based in the Netherlands. The company agreed to sell Imperial to rival U.S. Sugar for the sum of $315mn this March.  U.S. Sugar is another privately-held agricultural giant headquartered in Florida. It can produce up to 850,000 tons of sugar annually at its refinery plant in Florida, and buying Imperial would give it two more sugar plants in Kentuc

Alt-Meat Maker Impossible Foods Raises $500M In Fresh Funding

A leading maker of plant-based meat substitutes, Impossible Foods , has obtained a fresh cash infusion from VCs. It has  raised $500mn in new funding, bringing the total amount of funding it has raised since inception to $2bn.  The latest round was provided entirely by existing investors doubling down on Impossible Foods.  Mirae Asset Global , a Korean investment firm, led the round and was joined by other unnamed existing investors.  It's evident that investors are longing for Impossible Foods, a leading brand in the nascent market for plant-based meat substitutes. There's clearly huge potential for plant-based meat substitutes, driven by an increasing vegan population and the appeal to lower the carbon footprint that spurs from meat consumption. To that end, Impossible Foods is growing rapidly. Its products can now be found in more than 20,000 retail stores, compared to 150 as of March 2020, and 40,000 restaurants globally. Over the past year, Impossible has launched in ne

Deal: KKR Makes $37B Buyout Offer For Telecom Italia

Private equity giant KKR (NYSE: KKR) has ventured into Italy for its latest buyout deal. The firm has offered to buy Telecom Italia (BIT: TIT), the largest telecom provider in Italy, in a deal worth  €33bn ($37bn), including debt. KKR offered 0.505 Euros in cash for each outstanding  Telecom Italia share, a 46% premium to the last closing share price before the offer. That sums up to  €10.7bn ($12bn) in cash to be paid for Telecom Italia, and including the telecom firm's large net debt of €22.5bn ($25bn) sums up to $37bn in total.  KKR's offer is non-binding and must be approved by Telecom Italia's board members and majority shareholders before the deal goes through. Approval must also come from the Italian government, which was veto power over the takeover of the formerly state-owned telecoms firm.  Telecom Italia gave no indication that it'll approve the deal. If approval is given, it'll mark one of the biggest buyout deals of a European company by an America

Earnings: Nvidia Is On A Tear

Chipmaking giant Nvidia (NASDAQ: NVDA) has unveiled the financial results for its latest fiscal quarter ended October 31, 2021. The company reported a sharp rise in sales that can only be described as being on a tear. Nvidia posted $7.1bn in revenue in the quarter, up 50% year-over-year . The large growth was driven mostly by the company's data center sales, which increased 55% year-over-year to $2.9bn. Similarly, Nvidia's gaming revenue rose 42% year-over-year to $3.2bn. Net income for the quarter was $2.5bn , up 4% from the same period last year. It was an outstanding quarter all-around for Nvidia, a beneficiary of the recent massive growth of the gaming industry and data center boom. Nvidia's GeForce graphics cards are very popular with gamers, and data center operators patronize Nvidia's high-performance graphics processors for artificial intelligence applications.  Save for data centers and gaming, Nvidia has other minor product lines, including automotive chip

Cyber: Apple Sues NSO Group Over Spyware Hacks

Tech giant Apple (NASDAQ: AAPL) has filed a lawsuit against NSO Group , a controversial Israeli company that sells smartphone hacking tools and has been  implicated in the hacks and surveillance of many notable persons, including journalists, activists, and business executives, by state-sponsored actors. Apple has sued NSO Group for infecting iPhones with spyware to track users of interest. As part of the suit, the tech giant seeks a permanent injunction to ban NSO Group from using any Apple products. NSO Group is best known for its Pegasus spyware that can be covertly installed on mobile phones running most versions of iOS and Android. The company exploits vulnerabilities in both operating systems to introduce spyware into a phone without the user's knowledge. Pegasus was the center of a Washington Post investigation called "The Pegasus Project," revealing that the spyware was used to surveil over 1,000 identified notable individuals across countries with shoddy hu

Markets: Retail Giant Authentic Brands Scraps IPO Plans

Authentic Brands Group , a New York-based retail conglomerate, has suspended its plans for an initial public offering (IPO) after already filing an S-1 document with the US SEC. The company has instead opted to raise private funding to fund expansion in the main time. Authentic Brands Group's portfolio retail brands include apparel retailer Forever21 , men's suit maker Brooks Brothers , and department store chain Barneys New York . The company is akin to an old people's home where once-vibrant retail brands go to stay after they've gone past their peak. Authentic buys these befallen retail companies and makes money from what's left of them through licensing deals.  Over the years, Authentic has relied on hefty venture funding to assemble its constellation of old-guard brands. An IPO was supposed to raise even more money for expansion but has been set aside in favor of private funding.  Authentic is  rather selling  equity stakes to private equity firm CVC Capital

Markets: IoT Startup Samsara Files For IPO

The latest tech startup to board the IPO train is Samsara , a VC-backed startup that makes internet-of-things (IoT)-based fleet monitoring hardware and software for logistical operators. It has unveiled an S-1 filing with the US SEC, showing its intention to list on the New York Stock Exchange (NYSE). Samsara has raised nearly $1bn from VCs including Andreessen Horowitz, Tiger Global, and General Catalyst, with a valuation of $5.4bn from its last funding round. The company's co-founders sold a previous startup named Meraki to Cisco for $1.2bn . As expected, Samsara's S-1 filing gives a deep glimpse into the company's business with information not publicly disclosed before. The company has been rather secretive over the years, making this long-awaited information. We've extracted some important information so you don't have to, mostly the financial stuff. Samsara brought in $303mn in revenue in the nine months ended October 2021, compared to $174mn in the same