Look who is going electric: Carmakers make the switch

Paris: Leading automakers have signalled their intention to scrap internal combustion engines by 2030 or cut back sharply on their production as the sector turns towards electric vehicles. The latest to unveil plans was German group Daimler, maker of Mercedes Benz and smart cars, which aims to be fully electric before 2030 – five years ahead […]

Bitcoin surges toward $40,000 level, extending recent recovery

Hong Kong: Bitcoin surged on Monday in Asia to nearly $40,000, extending a recent recovery. The largest cryptocurrency rose as much as 15 per cent to $39,681 before paring some of the climb. It was at about $38,100 as of 9.13am in Hong Kong. The token climbed above its 50-day moving average over the weekend. Bitcoin […]