China’s Luckin Coffee Plans To Get Listed In NY

A rival of Starbucks in China has announced its plans to get listed in the US. The company is based in Beijing. On Monday, Luckin Coffee announced that it is planning to get listed on Nasdaq, as per their expansion plan. It has been opened just 18 months back. Luckin has come up with 2300… Continue reading China’s Luckin Coffee Plans To Get Listed In NY

Apple May Likely Be Venturing Into Autonomous Cars

Apple is planning to work on its lidar sensor based self-driving cars. For this purpose, Apple had a conversation with four companies for getting the supply of advanced lidar sensors. And by evaluating, the technology offered by these companies, Apple has started working on upgrading its own lidar technology. These activities of Apple are giving… Continue reading Apple May Likely Be Venturing Into Autonomous Cars

Top Official Of Abraaj Capital Arrested On Accusations Of US Fraud

The chief executive and one of the partners of Abraaj Capital were arrested recently. The owners of this Dubai based company are known to defraud their American investors. The victims are Bill & Melinda Gates Foundation. This information has been provided by one of the federal prosecutors. Last Friday Arif Naqvi was arrested at United… Continue reading Top Official Of Abraaj Capital Arrested On Accusations Of US Fraud

Tax Related Scams Are On Record High And It Will Get Worse

Scams have increased by 242% in past few years. This information has been provided by FBI. Scams which fall under this category are extortions, like robotic calls asking people to pay taxes in the scammer accounts. FBI has a unit which looks into online scams. This agency is known as Internet Crime Complaint Center (IC3).… Continue reading Tax Related Scams Are On Record High And It Will Get Worse

Amazon Teams Up With Volkswagen For Developing Cloud Computing

Amazon Web Services which is a major player in the cloud business has added Volkswagen to its list of premium customers. The new partnership with Volkswagen will be a win-win situation for both. The cloud business segment has definitely become a cash cow for the company since its start 14 years ago with other corporate… Continue reading Amazon Teams Up With Volkswagen For Developing Cloud Computing

Ford To Shut 3 Factories In Russia—Report

Ford is shutting down three plants out of four in Russia. Ford on Wednesday said that they will in a joint venture focus on manufacturing commercial vehicles like the Transit commercial van in Russia. The company had earlier undertaken the venture with Sollers PJSC, a Russian company. The joint venture will be taken from Ford… Continue reading Ford To Shut 3 Factories In Russia—Report