Woes deepen at Vodafone’s India unit

Mumbai:  Woes are deepening for Vodafone’s India unit as it seeks more time to pay mobile network fees levied by the government, with creditor banks reportedly pleading with New Delhi to cut the firm some slack. The debt-ridden joint venture has long been facing stiff competition in the market of 1.3 billion people from Bharti […]

Musk confirms Tesla Cybertruck will have 4-wheel steering

San Francisco: Elon Musk has confirmed that the Tesla Cybertruck will be equipped with a 4-wheel directional steering, resulting in a feature similar to the Hummer EV’s ‘Crab mode’. Over the last year, Musk has been talking about Tesla unveiling an updated version of the Cybertruck ahead of the start of production, which is still officially […]

Pandemic drives sea freight prices to record high

London: Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. “We are basically running out of vessels and of empty containers,” Alan Murphy, head of the consultancy Sea Intelligence, told AFP. “There’s been a massive shortage of empty […]