Australia said on Thursday technology giants such as Facebook Inc (FB.O) and Google (GOOGL.O) will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them. Prime Minister Scott Morrison said the Australian Competition and Consumer Commission (ACCC) will […]

Some 30,000 drivers have made down payments for Porsche’s first electric car, according to the high-end automaker’s chief executive. Those customers in Europe have plunked down 2,500 euros toward the Porsche Taycan, CEO Oliver Blume told the German newspaper Handelsblatt. The company has locked more than 10,000 of those buyers into concrete orders for the […]

Ferrari will issue its first fully electric model after 2025, with battery technology still requiring more development, Chief Executive Louis Camilleri said. Ferrari has previously said a fully electric vehicle would be launched after the current industrial plan ends in 2022. Analysts have said they do not expect it before 2023. ALSO READ: 5 female entrepreneurs […]

By Udeme Akpan Barely a few minutes after the suspension of strike by the National Union of Electricity Employees, NUEE, the Transmission Company of Nigeria, TCN, has intensified efforts, targeted at completing maintenance and restoring power supply to consumers nationwide. READ ALSO: Electricity workers suspend strike The managing director, TCN, Mr. Usman Mohammed, did not […]

Google’s $2.1 billion acquisition of Fitbit will face scrutiny by the Department of Justice amid data privacy fears, The Post has learned. The controversial merger in recent days was cleared for review by the DOJ after federal law enforcement tussled with the Federal Trade Commission, which had also sought authority to investigate the deal, according […]