Housing rental site Airbnb has published its results for the planned public offering in December. The company, according to documents from the lower the results, as a result of the COVID-19 tourism came to a virtual standstill, but also an expected recovery in the long term.
Four multinationals, including Shell and Exxon, want to store greenhouse gas CO₂ in an empty gas field off the Dutch coast. The companies are going to apply for subsidies at the end of this month. According to estimates, this grant could amount to around € 1.5 billion. This subsidy is controversial because it is a huge amount of money for something that has never been done on this scale.
Volkswagen is going to have a larger share of the research budget to spend on the development of electric and self-driving cars. The German car maker’s battle with rival Tesla, which is currently leading in this field.
Dubai airline Emirates Group made its first loss in over 30 years. In the first half of the financial year, the group lost USD 3.8 billion (about EUR 3.2 billion). The group was hit hard by the coronacrisis that literally stopped air traffic.
The new MacBook Air is faster than the more expensive MacBook Pro with Intel processor thanks to Apple’s M1 chip. In fact, the former is more powerful than almost all other Apple devices.
The European Commission has lodged a formal complaint against the Amazon Technology Group for suspicion of distortion of competition. Brussels is concerned about the way Amazon deals with external vendors who sell their products through tech company sites. The US group is accused of collecting data from those entrepreneurs, which are then used to compete with the same sellers.
The Korean conglomerate Hyundai is negotiating to take over a robot maker Boston Dynamics from the Japanese tech investor Softbank. That’s what Bloomberg News Agency reports based on insider information. According to sources, the deal would be worth a billion dollars. Boston Dynamics is known for its two-legged humanoid Atlas robot and the four-legged animal robots Spot and BigDog.
The Norwegian government will not give any additional support to the financially plagued price fighter Norwegian Air. According to the industry and Transport ministers, further support for the airline would be ‘not responsible use’ of public money.