Today: October 04, 2024
Today: October 04, 2024

Latest From Reuters

Business|Europe|Technology

Ferrari extends cryptocurrency payment system to Europe after US launch

Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after

Ferrari extends cryptocurrency payment system to Europe after US launch
Business|Technology

Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outage

Malaysia's digital minister said on Wednesday he has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during last

Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outage
Business|Europe|Technology

Spain's antitrust watchdog opens investigation into Apple's app store

Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.

Spain's antitrust watchdog opens investigation into Apple's app store
Asia|Crime|Technology

Malaysia seeks social media platforms' commitment to tackle cybercrimes

Malaysia is seeking the commitment of social media platforms to tackle cybercrimes ranging from scams, cyberbullying and child pornography, its communications minister said on

Malaysia seeks social media platforms' commitment to tackle cybercrimes
Asia|Business|Finance|Technology

Who is Kim Beom-su, founder of South Korean tech giant Kakao?

South Korean authorities arrested Kim Beom-su, the billionaire founder of tech giant Kakao Corp, on Tuesday on accusations of stock manipulation during the acquisition of a K-Pop

Who is Kim Beom-su, founder of South Korean tech giant Kakao?
Business|Europe|Finance|Technology

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal

UniCredit on Wednesday said it was investing 370 million euros ($401 million) to acquire Belgium's digital bank Aion and Vodeno, a provider of cloud-based banking services.

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal
Business|Technology

Rivian to face trial in Tesla trade secrets theft case, judge says

Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk's Tesla to steal trade secrets, according to a tentative

Rivian to face trial in Tesla trade secrets theft case, judge says
Asia|Business|Economy|Technology

Foxconn to invest $138 million for new business headquarters in China

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to

Foxconn to invest $138 million for new business headquarters in China
Business|Technology

Boeing resumes deliveries of 737 MAX airplanes to China

Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues.

Boeing resumes deliveries of 737 MAX airplanes to China
Business|Technology

Hackers leak documents from Pentagon IT services provider Leidos, Bloomberg News reports

Hackers have leaked internal documents stolen from Leidos Holdings Inc, one of the largest IT services providers to the U.S. government, Bloomberg News reported on Tuesday, citing a person

Hackers leak documents from Pentagon IT services provider Leidos, Bloomberg News reports
Business|Finance|Stock Markets|Technology

TI beats quarterly profit estimates as chip demand turns steady

Texas Instruments beat analysts' estimates for second-quarter profit on Tuesday, powered by stabilizing demand for analog chips from markets such as personal electronics

TI beats quarterly profit estimates as chip demand turns steady
Business|Finance|Technology

BofA appoints insider Brunner as head of TMT investment banking, memo shows

Bank of America has appointed bank veteran Kevin Brunner as the new head of technology, media and telecommunications investment banking, according to a memo seen by Reuters and confirmed

BofA appoints insider Brunner as head of TMT investment banking, memo shows
Europe|Technology

European satellite sector needs to consolidate to compete with Musk, Leonardo exec says

The European satellite sector needs to consolidate in order to keep pace with Elon Musk's rapidly-expanding network of Starlink communications satellites, an executive

European satellite sector needs to consolidate to compete with Musk, Leonardo exec says
Technology

Apple likely to release foldable iPhone as early as 2026, the Information reports

Apple is likely to introduce its foldable iPhone as early as 2026, the Information reported on Tuesday, that could mark the biggest hardware design revamp for the company's most popular

Apple likely to release foldable iPhone as early as 2026, the Information reports
Business|Finance|Technology

Visa prevented $40 billion worth of fraudulent transactions in 2023- official

Visa prevented 80 million fraudulent transactions worth $40 billion globally last year thanks to investments in technology including artificial intelligence (AI), a senior

Visa prevented $40 billion worth of fraudulent transactions in 2023- official
Business|Technology

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter

Philip Morris International pushed the test-launch of its heated tobacco device, IQOS, in the U.S. to the fourth quarter on Tuesday and lowered its annual forecast for the heated tobacco

Philip Morris delays U.S. heated tobacco device pilot to fourth quarter
Business|Technology

Rolls-Royce exploring technology for narrow-body jet market

Rolls-Royce is developing a smaller version of its Ultrafan engine demonstrator aimed at exploring technology for the next generation of narrow-body jets, CEO Tufan

Rolls-Royce exploring technology for narrow-body jet market
Europe|Technology

US, European regulators sign joint statement on effective AI competition

Regulators in the United States, European Union and Britain have signed a joint statement to ensure effective competition in the artificial intelligence space, setting out principles to

US, European regulators sign joint statement on effective AI competition
Economy|Finance|Stock Markets|Technology

Barclays raises 2024 S&P 500 target to 5,600 from 5,300

Barclays on Tuesday lifted its 2024 target for the benchmark S&P 500 index to 5,600 from 5,300 as it expects strong profit growth for mega-cap technology firms.

Barclays raises 2024 S&P 500 target to 5,600 from 5,300
Business|Economy|Stock Markets|Technology

NXP slides as weak forecast stokes demand worries among auto chipmakers

Shares of NXP Semiconductors fell 9% on Tuesday and dragged other automotive semiconductor companies lower, as its disappointing quarterly revenue forecast sparked

NXP slides as weak forecast stokes demand worries among auto chipmakers
Asia|Business|Technology

Samsung Elec talks with union end without result, union says

Samsung Electronics and representatives of its biggest workers' union in South Korea, which has been on a strike, met on Tuesday but the talks ended without results, the union said.

Samsung Elec talks with union end without result, union says
Business|Technology

GM slams brakes on self-driving vehicle without steering wheel

General Motors' Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt as it indefinitely delays its planned Origin vehicle that

GM slams brakes on self-driving vehicle without steering wheel
Business|Technology

Japan Airlines orders 20 Airbus A350s, 11 A321neos

Japan Airlines has ordered 20 Airbus A350-900 and 11 A321neo planes, Airbus's planemaking chief Christian Scherer said at the Farnborough Airshow on Tuesday.

Japan Airlines orders 20 Airbus A350s, 11 A321neos
Business|Technology

Virgin Atlantic orders seven more Airbus A330neos

Virgin Atlantic has ordered a further seven Airbus A330-900 planes, the airline said at the Farnborough Airshow on Tuesday.

Virgin Atlantic orders seven more Airbus A330neos
Business|Technology

Windrose plans truck assembly in U.S. in rare move by Chinese EV firm

Chinese electric truck startup Windrose plans to set up a U.S. assembly plant for its semi-trucks for delivery there from 2025, directly challenging Tesla in its home market,

Windrose plans truck assembly in U.S. in rare move by Chinese EV firm

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