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Russia and China ‘ditch’ dollar and increase use of euro

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Russia and China are building a “financial alliance” and look set to “ditch” the dollar, according to a report on the Nikkei Asian Review website. 

The financial news website reports that the US dollar’s share of trade between Russia and China “fell below 50 percent for the first time on record” in the first quarter of 2020.

The source of the statistic is Russia’s Central Bank and Federal Customs Service, which published figures showing that a relatively low 46 percent of trade transactions between China and Russia were conducted or completed in US dollars. [Read more…] about Russia and China ‘ditch’ dollar and increase use of euro

Enquiries for Savioke’s delivery robot double amid pandemic

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The number of enquiries for Savioke’s delivery robot (see video below) has doubled amid the global coronavirus pandemic, according to an executive at the startup company.

Governments in virtually every country in the world have ordered lockdowns of citizens, or “shelter-in-place” orders, as they are referred to in the US.

The orders have led to many people in the robotics industry to predict that the demand for delivery robots, such as the ones produced by Savioke, will increase. [Read more…] about Enquiries for Savioke’s delivery robot double amid pandemic

Denso and Toyota to set up R&D joint venture for in-vehicle semiconductors

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Denso Corporation and Toyota Motor Corporation have agreed to establish a joint venture for research and advanced development of next-generation, in-vehicle semiconductors. The two companies will study the details and aim to establish the new company in April 2020.

Recently, electronic controls have been increasingly introduced in vehicles, the number of in-vehicle semiconductors has also grown, and the performance of these semiconductors has continuously improved.

To create a future of mobility that is safe and sustainable, it is necessary to develop next-generation semiconductors that are integral to technology innovations, such as connected cars, automated driving, sharing mobility and electrification.

[Read more…] about Denso and Toyota to set up R&D joint venture for in-vehicle semiconductors

Volkswagen agrees digital transformation roadmap

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Volkswagen will be investing up to €4 billion in digitisation projects up until 2023 – mainly in administration but also in production. At least 2,000 new jobs related to digitisation are to be created.

This has been agreed by the Board of Management and the General Works Council in their “digital transformation roadmap”.

Agile working methods, improved processes and digitisation are to reduce the burden on employees and speed up processes. Tasks that used to be performed manually are to be simplified through improved IT.

[Read more…] about Volkswagen agrees digital transformation roadmap