5 best news of July

Google will allocate $10 billion for the development of India’s digital economy

Google plans to invest up to $ 10 billion in India over the next seven years.

This was reported by TechCrunch.

To do this, they have already established the Google Digital Fund, which was presented by CEO of the company Sundar Pichai.

“We will do this by combining equity investments, partnerships and investments in infrastructure and the ecosystem. This is a reflection of our confidence in the future of India and its digital economy”, said CEO of the company.


Road tests of self-driving cars have been allowed in China

Chinese authorities have issued a permit to WeRide in order to conduct test runs of self-driving vehicles on open roads in Guangzhou, Guangdong.

Road tests will be conducted completely without a driver, which means that there will be no security officer on board of the vehicle, who will take over the steering wheel in case of need, the statement said.

The test road is located on Guangzhou International Biological Island. It is completely covered by the 5G network. This allows the company to drive vehicles remotely in special circumstances.


Elon Musk has risen in the ranking of Bloomberg billionaires

Tesla and SpaceX founder Elon Musk is ahead of investor Warren Buffett in the list of richest people according to Bloomberg.

Musk rose to seventh place in the ranking of billionaires with a fortune estimated at 70,5 billion dollars. On Friday, July 10, they rose by $6,1 billion after Tesla shares had risen by 10,8%.

Buffett owns $69,2 billion. According to the agency, last week the investor’s fortune fell as he had donated $2,9 billion to charity.

The list of billionaires is currently headed by Amazon CEO Jeff Bezos ($189 billion). In second and third places are Microsoft founder Bill Gates (approximately $116 billion) and CEO of Facebook Mark Zuckerberg ($93 billion).


Canadian oil companies are resuming about 20% of discontinued production

Canadian oil companies are beginning to resume oil production in at least 20% of closed oil sands, Bloomberg reported.

“At least 20 percent of the shutdown in Canada is recovering, just months after the price crisis forced companies to cut production at Alberta’s oil sands by 1 million barrels a day,” the statement said.

According to the agency, Cenovus Energy, Husky Energy, Baytex Energy and ARC Resources had already resumed production of oil sands in their fields, when prices rose above $ 40 per barrel. Another company, Imperial Oil, the operator of the Kearl fields and Cold Lake wells, also expects to return to full production soon.


Amazon headed the top 100 as the most expensive brand in the world

Amazon has maintained its leadership as the most expensive brand in the world, increasing its value by almost a third compared to last year – to almost 416 billion dollars. In the annual ranking, the compilers of the list include the 100 most famous and expensive brand companies based on their market capitalization. The study involved nearly 4 million people worldwide.

Apple is in the second place with an estimated value of 352 billion dollars

Microsoft closes the top three list with $ 326.5 billion. This year, Microsoft overtook Google, moving it to the 4th place, due to the transition to remote work of employees of many companies around the world, which contributed to a more active use of software for collaboration between Microsoft Teams. Visa, Alibaba, Tencent, Facebook, McDonald’s and MasterCard are also in the top ten.