A group of carmakers that includes General Motors, Toyota Motor, Volkswagen, and others claimed that a tax incentive package passed by the U.S. Senate on Sunday would cast doubt on viability of meeting the country's goals for the adoption of electric vehicles by 2030. According to Alliance for Automotive Innovation CEO John Bozzella, "Unfortunately, the tax subsidy requirements for electric...

According to a statement from the firm, Samsung will launch a self-repair program for smartphones and tablets. In accordance with the program's guidelines, owners of brand gadgets will be able to service those devices at home thanks to a partnership with iFixit. In addition to providing users with the official instructions, Samsung will also sell repair kits at its service facilities and on the...

Christie's Ventures investment fund will concentrate on assisting businesses who are creating financial digital art goods and Web3 art market technology. The auction company Christie's has established its own investment fund, Christie's Ventures, which will help growing technology firms in the arts with money and advice. "Our focus is on early-stage startups and FinTech companies formed by...

U.S. cryptocurrency startup Celsius Network declared bankruptcy, stating in a court filing that its debt exceeds $5.5 billion. Of that sum, the firm owes its customers $4.7 billion. In May 2022, Celsius Network, which was in charge of assets worth close to $12 billion, filed for bankruptcy due to severe issues brought on by the crash in the value of Bitcoin. In an attempt to deal with the...

Chinese officials unveiled a number of new initiatives to increase consumer demand for automobiles, including plans to expand tax advantages for electric vehicles, develop more charging stations, and promote lower charging rates. Shares of Chinese automakers rose after the plans were revealed by the Commerce Ministry in a joint statement with 16 other authorities. Shares of Geely, for instance,...

The Large Hadron Collider will run at a record power of 13.6 trillion electron volts starting on July 5. The European Organization for Nuclear Research (CERN) announced this in a press statement. The collider will be running continuously at record power for over four years, according to the study. The intensity has increased since April. It spent the previous three years on modernization. The...

"Lego Group has announced intentions to invest more than $1 billion in the construction of a new facility in Chesterfield County, Virginia," said the company. The new facility will be 160,000 square feet in size and will employ over 1,760 people, according to the Lego Group. The new plant's construction will begin in the fall of 2022, with Lego manufacturing set to commence in the second half of...

Puma has developed a new style of running footwear, which were made exclusively for women runners, according to the company’s representatives. The model was named Run XX Nitro in honor of the female X-chromosome. The company’s officials turned to the University of Massachusetts Biomechanics Laboratory to design and test the sneaker for female runners because "historically, over 90% of shoe...

Ant Group, the parent firm of Alipay, China's most popular payment system, has announced the launch of a digital wholesale bank in Singapore. According to a statement on the company's website, the new bank, dubbed ANEXT Bank, was approved by the Monetary Authority of Singapore (MAS) to commence operations. The new bank will focus on providing digital financial services to local and regional...