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Porsche budgets $1.1bn on digitisation for its cars

Bloomberg Porsche AG is increasing spending to bolster the digital products and services supplementing its luxury sports cars to lure more tech-savvy customers, particularly in China. The German manufacturer now invests 900 million euros ($1.1 billion) a year on digitisation compared with 800 million euros previously, Chief Financial Officer Lutz Meschke said. The Stuttgart-based company also puts about 150 million ...

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Facebook helped identify Capitol rioters in US

Bloomberg Facebook Inc. has been “helping” law enforcement identify people who posted photos of themselves at the January 6 riots at the US Capitol, “even after the attack was over,” said Monika Bickert, the company’s head of global policy management. Bickert said Facebook removed posts from several militant groups in the lead-up to the violent event and continued to remove ...

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Arab League congratulates UAE for Hope probe’s arrival to Mars

CAIRO/ WAM Ahmed Aboul Gheit, Secretary-General of the Arab League, congratulated the UAE for the successful entry of the Hope Probe into the orbit of Mars, stressing that this success is the outcome of an investment in knowledge and an academic and scientific renaissance, which was reinforced and supported by the government over many decades. In his statement issued on ...

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