Author: Biz India

Spotify tests streaming device for cars

Car Thing plays music and podcasts on voice command, but it’s only being used to understand how people listen to music while driving By Corinne Reichert – C|net Car Thing, Spotify’s music-streaming device for cars. Image credit: Spotify May 17, 2019 – Spotify is testing a voice-controlled device for cars that will play music and podcasts. Spotify says it is only using the Car Thing device to test “how people listen in the car,” as the company’s focus isn’t on developing hardware but on being the world’s biggest audio platform. “We don’t have any current plans to make this specific device...

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All-electric Bolt B-Nano revealed as two-seat urban transport

By a Staff Writer – AutoCar India May 17, 2019 – A firm named Bolt, aptly backed by runner extraordinaire Usain Bolt, has revealed a two-seat electric car called the Bolt B-Nano, designed for short, intra-city journeys. Bolt initially launched a range of micro-scooters intended for trips of up to two miles, but it has now introduced the car to its range. The B-Nano addresses journeys of between three and 24 kilometers (about two to 15 miles). The one-plus-one – a similar set-up to the Renault Twizy – is designed to fit through a doorway and has space for...

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Book Review: Understanding Economic Change – Advances in Evolutionary Economics

Editors: Ulrich Witt and Andrea Chai Publisher:  Cambridge University Press – 398 pages Book Review by: Sonu Chandiram Evolutionary economics is a growing specialization in economics that helps explain why human beings think and act in certain ways already explored in biology, neuroscience, peer behavior, psychology, and social networks’ influence on us. A new branch of this discipline is emerging known as neuro-economics. The editors Ulrich Witt and Andreas Chai point out in the Introduction: “Now a brief review of the current literature in various subfields of economics reveals emerging synergies and increasingly blurred demarcation lines between the economic...

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Volvo announces battery suppliers for upcoming EV lineup, including Polestar

Volvo has said fully-electric cars will account for 50 percent of its sales by 2025 By Eric Roberts – GreenCar Reports  credit: Digital Trends May 16, 2019 – Volvo, one of the first automakers to announce it would add electric power to its whole lineup, on Wednesday took the unusual step of formally announcing who will supply the batteries for all those electric cars. The company stated that it will source $1 billion worth of lithium-ion batteries from two suppliers, LG Chem and Contemporary Amex Technology (CATL). While the supply contract with Chinese CATL may have been predictable (Volvo...

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Xi Jinping has $3.65 trillion fiscal war chest to counter Trump tariffs

By The Economic Times via BloombergAFP  Central, local authorities in China have at least $3.65 trillion unspent in their budgets this year. Photo: AFP May 16, 2019 – Beijing’s main defense against trade-war fallout this year is more likely to come from the finance ministry than the central bank, no matter what President Donald Trump says. If tariffs begin to really hurt China’s growth this year, there’s plenty of direct fiscal firepower left to stoke the economy before the People’s Bank of China (PBOC) would have to cut interest rates, according to an analysis of government spending by Bloomberg....

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