Born in Modena Italy, in 1898, Enzo Ferrari began his career as a professional racing driver for Costruzioni Meccaniche Nazionali before going on to found the infamous Scuderia Ferrari racing team in 1929. Since releasing its first car in 1947, Ferrari has become a global symbol of speed and luxury, holding the title of the […]
The company said the new name would better encompass what it does as it expands its reach beyond social media and focuses on areas such as virtual reality (VR). While the name change will not apply to the company’s individual platforms, such as Facebook, WhatsApp, and Instagram, the rebrand has nonetheless prompted backlash. The move […]
The station would function as a “mixed-use business park”, capable of hosting up to ten people at a time in low Earth orbit. Inside the 32,000 sq ft station, there will be designated areas for “film-making in microgravity”, “conducting cutting-edge research”, and a “space hotel”. In a statement, Blue Origin said: “The station will open the […]
In a blog post, Bill Gates announced that for the rest of this week, students at college or university can download a free digital copy of his best-selling book “How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need.” Gates’ 384-page book which debuted on The New York Times’ nonfiction […]
The rise in Tesla’s share price has further bolstered the fortunes of its founder and chief executive, Elon Musk. According to Forbes, Musk became $25 billion richer following the deal with Hertz, making him wealthier than any billionaire ever. Recently, Morgan Stanley predicted that Musk will become the world’s first trillionaire. Tesla’s stock market value […]
The superyacht, known as the Y721, spans 417ft. It was rolled out in the Zwijndrecht shipyard in the west of the Netherlands earlier this week, since generating much excitement. The Y721 is set to be the largest sailing yacht in the world when it is finally complete in 2022, overtaking the current largest ocean passenger […]
Adam Jonas, an analyst at Morgan Stanley, said SpaceX was “challenging any preconceived notion of what was possible and the time frame possible, in terms of rockets, launch vehicles and supporting infrastructure”. He added: “More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because […]
On Wednesday, Blackstone announced that it has agreed to buy a majority stake in Spanx. The deal between Spanx and Blackstone values the company at $1.2 billion, with Blakely set to retain a “significant equity stake” according to Blackstone. The investment will propel her fortune back over the $1 billion mark after the pandemic and […]
The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
New data from Experian shows that 294,218 electric vehicles were sold between January and August of this year. Although this figure only accounts for 2.7% of total automobile sales, it nonetheless represents a 114% increase when compared to the same period of 2020. Out of the 294,218 electric vehicles sold, 194,165 (or 66%) were Teslas, […]
The 20 business leaders, who include Microsoft co-founder Bill Gates and JP Morgan’s chief executive Jamie Dimon, will be joined by the Prime Minister and the foreign secretary Liz Truss for a Michelin-star dinner which will be held ahead of the Global Investment Summit. Johnson will use the dinner to boost the UK’s post-Brexit image […]
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