In this week’s business news one of the largest smart phone developers has decided to invest in creating electric cars in order to try and rival Tesla and Google has just announced a new eco-friendly feature for Google Maps. To discover all of the latest business news headlines, simply continue reading.
The Latest Business News:
The World Economic Forum estimates that it will take 136 years to fix the world’s gender gap:
The World Economic Forum which originally estimated that it would take the world another hundred years to achieve global gender parity. However, they have now updated their estimate by adding an additional 36 years to their original projection.
Xiaomi invests $10 billion dollars into developing electric cars:
While many individuals expected Apple to announce that they would develop their own line of electric cars in order to rival Tesla’s electric cars, Xiaomi which is best known for producing smartphones, has announced their plans to invest a staggering $10 billion dollars into developing electric cars. Xiaomi’s spokesperson also announced that this investment would be added to in the future and is only an initial investment.
Xiaomi won’t be the only competition that Tesla will have to face as Volkswagen and General Motors have also indicated their interest in competing with Tesla in the long term.
A SpaceX Mars rocket prototype explodes:
A SpaceX Mars rocket prototype exploded during a test flight. The explosion took place towards the final stretch of a scheduled high altitude test flight. As there was heavy fog surrounding the explosion, the cause of the explosion was not evident. However, the founder of SpaceX, Elon Musk did confirm to reporters that there had been an explosion during the high altitude test flight and that SpaceX’s prototype didn’t reach the required operating chamber pressure, for the flight to be a success.
Google Maps releases eco-friendly routes:
Google Maps has just released eco-friendly driving routes, which will allows users such as ride sharing drivers to use eco-friendly routes to try and decrease their carbon footprint. It’s expected that this move will increase Google’s profits as in recent years businesses that release eco-friendly features have experienced increased share prices.
Goldman Sachs managers send to hampers to overworked employees:
After coming under scrutiny for overworking their employees, the financial company Goldman Sachs has opted to have their managers send sorry hampers of food to some of their overworked employees. Which is a move that many believe was implemented just to try and raise their reputation.
Volvo decides to offer Swedish style benefits to tall of its international employees:
Despite the fact that Volvo, which was originally a Swedish brand, is now owned by a Chinese company, Volvo has just announced that it will offer the employee benefits which it already offers its Swedish employees, to all of its international employees. For example, Volvo will offer its Swedish inspired parental leave scheme to all of its 40,000 employees around the world.
So if you pride yourself on keeping up to date with the latest business news from some of the world’s largest companies, hopefully you discovered a few news stories.