Today: October 05, 2024
Today: October 05, 2024

Latest From Reuters

Business|Economy|Technology

China has shown 'utmost sincerity' over China-EU EV tariff talks, ministry says

China has shown the "utmost sincerity" over consultations relating to a European Union investigation into electric vehicle subsidies, and a comment attributed to an EU official is

China has shown 'utmost sincerity' over China-EU EV tariff talks, ministry says
Business|Economy|Technology

ASML shares touch 1,000 euro mark amid optimism over customer TSMC

ASML shares briefly crossed the 1,000 euro ($1,084.30) mark for the first time on Monday, an all-time high, following positive research notes on top customer TSMC ahead of both

ASML shares touch 1,000 euro mark amid optimism over customer TSMC
Business|Technology

Corning raises second-quarter core sales forecast driven by AI boom

Corning raised its second-quarter core sales forecast on Monday, as demand for its fiber optic products surges with the rising adoption of generative AI technology, sending the specialty

Corning raises second-quarter core sales forecast driven by AI boom
Business|Technology

China's BYD plans $894 million EV parts project, state media says

Chinese electric vehicle manufacturer BYD has signed an agreement to build a factory for core parts of new energy vehicles with total investment of 6.5 billion yuan ($894.2 million

China's BYD plans $894 million EV parts project, state media says
Business|Technology

Bitfarms names new CEO to guide it through strategic review

Bitcoin miner Bitfarms has appointed insider Ben Gagnon as its new chief executive officer to oversee a strategic review and navigate a dispute with its biggest shareholder, Riot Platforms

Bitfarms names new CEO to guide it through strategic review
Business|Technology

Beijing to support use of self-driving cars in online ride-hailing services, state media says

China's capital Beijing has plans to support the use of self-driving cars in online ride-hailing services, the official Beijing Daily reported on Monday, citing municipal draft

Beijing to support use of self-driving cars in online ride-hailing services, state media says
Business|Technology

Stellantis' Italian output to drop sharply if incentives don't change trend, union says

Automaker Stellantis' output in Italy could drop by around a third this year if the government's recently introduced purchase incentives don't boost demand, especially for electric

Stellantis' Italian output to drop sharply if incentives don't change trend, union says
Business|Technology

ASML CEO says world needs the legacy chips China is producing, Handelsblatt reports

Chip buyers, including the German car industry, need the older generation computer chips that Chinese chipmakers are currently investing in, the CEO of equipment maker ASML said

ASML CEO says world needs the legacy chips China is producing, Handelsblatt reports
Business|Technology

Porsche sticks with plans to stop some combustion model production

Porsche is sticking to its guns in its transition of some models to electric vehicles, despite a recent weakness in demand for battery-powered cars, the carmaker's head of

Porsche sticks with plans to stop some combustion model production
Business|Technology

Ocado builds on Aeon partnership with plans for third robotic warehouse

British online supermarket and technology group Ocado said on Monday it had boosted its partnership with Japan's Aeon with plans to build a third robotic warehouse.

Ocado builds on Aeon partnership with plans for third robotic warehouse
Economy|Technology

Taiwan central bank says no timetable for launching digital currency

Taiwan's central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be "huge and complex", but it will hold public hearings on

Taiwan central bank says no timetable for launching digital currency
Business|Economy|Technology

Battery maker SK On declares ‘emergency’ as EV sales disappoint, FT reports

South Korean electric vehicle (EV) battery producer SK On has declared itself in crisis as its customers struggle with disappointing EV sales in Europe and the U.S., the Financial Times

Battery maker SK On declares ‘emergency’ as EV sales disappoint, FT reports
Business|Economy|Technology

Former ASML CEO says US-China chip fight will continue

The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are

Former ASML CEO says US-China chip fight will continue
Business|Technology

Crypto hacking thefts double to $1.4 billion in first half of 2024, researchers say

The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising

Crypto hacking thefts double to $1.4 billion in first half of 2024, researchers say
Business|Technology

EU asks Amazon for more info on Digital Services Act compliance

The European Commission said on Friday it had requesting Amazon provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services

EU asks Amazon for more info on Digital Services Act compliance
Business|Technology

Several Chinese state firms in Shanghai buy Tesla Model Y cars

Several state-owned firms in China's financial hub of Shanghai have recently purchased Tesla's best-selling Model Y as service cars, a local government statement said on Friday.

Several Chinese state firms in Shanghai buy Tesla Model Y cars
Business|Technology

Chinese AI firms showcase resilience, innovations at AI event despite US sanctions

Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express

Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
Business|Technology

Toyota finds no new wrongdoing in certification investigation

Toyota Motor did not find any new cases of wrongdoing in the certification applications of its car models beyond the ones it had already reported last month, the Japanese automaker

Toyota finds no new wrongdoing in certification investigation
Business|Technology

Atos says secures short-term funding through syndication agreements

French technology company Atos said on Friday it had successfully secured short-term financing via two tranches of loans from creditors, adding it still expected to reach a final

Atos says secures short-term funding through syndication agreements
Business|Economy|Technology

China urges EU to take talks seriously as EV tariffs go into effect

China's state-backed Global Times has urged the EU to "show sincerity" in technical talks before imposing tariffs on Chinese-manufactured electric vehicles (EVs), after the bloc

China urges EU to take talks seriously as EV tariffs go into effect
Business|Economy|Environment|Technology

How China's EV battery makers stack up in energy storage

China's EV battery giants CATL <300750.SZ> and BYD <002594.SZ> are eyeing the growing market for stationary energy storage.

How China's EV battery makers stack up in energy storage
Business|Economy|Technology

Japanese stocks gain biggest weekly foreign inflow in 2-1/2 months

Foreign purchases boosted Japanese stocks last week amid a weakening yen and global enthusiasm for artificial intelligence-linked companies, which tempered concerns about the Bank of

Japanese stocks gain biggest weekly foreign inflow in 2-1/2 months
Business|Technology

Huawei exec rejects idea that advanced chip shortage will hamper China's AI ambitions

A senior executive at Chinese technology giant Huawei on Thursday dismissed the idea that a shortage of the most advanced artificial intelligence chips will hinder the country's

Huawei exec rejects idea that advanced chip shortage will hamper China's AI ambitions
Business|Economy|Technology

Foxconn gets licence to invest $551 million more in Vietnam, media reports

Foxconn Singapore has been awarded a licence to invest $551 million in two

Foxconn gets licence to invest $551 million more in Vietnam, media reports
Business|Technology

Tesla cars for first time on Chinese government purchase list

Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official

Tesla cars for first time on Chinese government purchase list

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