Bangladeshi-American Omar Ishrak has been elected chairman of the Intel Corporation board of directors succeeding Andy Bryant who stepped down after serving for seven years. The California-based chip maker made the announcement on Tuesday (21 January) and said it would take immediate effect. Omar Ishrak has been serving as chairman and chief executive officer of Medtronic, the world’s leading medical ...

Canadian prosecutors proposed to fine Volkswagen $196.5m Canadian dollars (£110m) over its emissions scandal. Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada that violated emissions standards.Volkswagen, the major German automobile manufacturer, then pleaded guilty to dozens of counts of diesel emissions violations.Globally the scandal has already cost the company more than €30bn in fines, penalties and ...

Facebook on Tuesday said it plans to create 1,000 more London-based jobs this year to improve safety on the social network with the aid of artificial intelligence. The new roles will increase the number of staff at the company’s largest engineering hub outside the United States to more than 4,000. “The UK is a world leader in both innovation and ...

12-terabyte bandwidth to be available to meet an incessant demand for internet The government is likely to sign up for the third submarine cable in next June, aiming to use 12 terabytes of internet bandwidth, a top official said on Tuesday. “We have already signed the Memorandum of Understanding (MoU) and hopefully will finalise terms and conditions in March next ...

Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits on how artificial intelligence is used. “There is no question in my mind that artificial intelligence needs to be regulated. The question ...

Notwithstanding an apparent snub from the Indian government, Amazon chief Jeff Bezos’ charm offensive for India is showing little signs of slowing down. This morning, the American billionaire, back home after a three-day visit to India last week, tweeted a video announcing the rollout of a fleet of electric-powered delivery rickshaws. Though details of the plan are missing at the ...

SpaceX has conducted a test of the abort manoeuvre it would use if one of its crew-carrying rockets ever developed a problem during flight. The rehearsal at Kennedy Space Center saw a Falcon-9 vehicle’s ascent into the sky deliberately terminated just 80 seconds after lift-off. The Dragon astronaut capsule on top fired its escape engines to carry itself clear of ...

With the arrival of a new decade, one predictable thing about China in the 2020s is that it is shifting into a higher-quality economy that is more open and abounds with new opportunities for global businesses. Despite a cloud of challenges, China’s economy wrapped up 2019 with 6.1-percent GDP growth as a top performer among comparable economies. Acting as a ...

Photo : A mining machine is working in the Inden opencast lignite mine in Schophoven, Germany. German officials have agreed on a plan to shut down the nation’s coal-fired power plants by the mid to late 2030s, the government said Thursday. A year ago, a government-appointed panel recommended that Germany stop burning coal to generate electricity by 2038 at the ...

Photo: President Donald Trump shakes hands with Chinese Vice Premier Liu He, after signing a trade agreement in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington. China and the United States formally signed their phase-one economic and trade agreement here on Wednesday, with Chinese Vice Premier Liu He and U.S. President Donald Trump inking the ...