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

Latest From Reuters

Business|Economy|Technology

China and EU held technical talks on impending EV tariffs

China and Europe held several rounds of technical talks over tariffs on Chinese electric cars that the European Commission is set to confirm on Thursday, China's commerce ministry

China and EU held technical talks on impending EV tariffs
Business|Technology

Volvo Cars' June sales rise on fully electric model boost

Volvo Cars' sales in June rose 8% to 71,514 cars from a year earlier, underpinned by strong performances in Europe and Latin America as well as for its new fully electric model

Volvo Cars' June sales rise on fully electric model boost
Business|Technology

Nissan, Honda consider partnering on software, charging infrastructure, Nikkei says

Japanese automakers Nissan Motor and Honda Motor are considering using standardised automotive software and working together on electric vehicle charging, the Nikkei newspaper said on

Nissan, Honda consider partnering on software, charging infrastructure, Nikkei says
Business|Economy|Technology

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage
Business|Technology

Amazon to wind down its Astro for Business security robot

Amazon.com said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots.

Amazon to wind down its Astro for Business security robot
Business|Technology

Jeff Bezos to sell Amazon shares worth about $5 billion after stock hits record high

Amazon founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high.

Jeff Bezos to sell Amazon shares worth about $5 billion after stock hits record high
Business|Economy|Technology

Carmakers respond to EU tariffs on Chinese-made EVs

With the European Union's extra duties on Chinese-made electric vehicles (EVs) taking effect on Friday, some carmakers have been considering whether to raise their prices or take other

Carmakers respond to EU tariffs on Chinese-made EVs
Business|Technology

Fisker seeks judge's approval to sell Ocean EVs at $14,000 per SUV

Fisker has asked a bankruptcy judge overseeing its Chapter 11 proceedings to approve the sale of more than 3,000 Ocean electric SUVs in its inventory for about $14,000 per car to a vehicle

Fisker seeks judge's approval to sell Ocean EVs at $14,000 per SUV
Business|Technology

Ford sales growth slows as CDK cyberattack rattles auto industry

Ford on Wednesday joined Detroit peer General Motors in reporting slower sales growth for the second quarter as the U.S. auto industry reels from a cyberattack that impaired a key software

Ford sales growth slows as CDK cyberattack rattles auto industry
Business|Technology

Carmaker Stellantis joins forces with France's CEA for EV battery research

Stellantis, the carmaker whose brands include Peugeot, Fiat and Chrysler, announced on Wednesday a partnership with the French state's CEA research organisation to work on a next

Carmaker Stellantis joins forces with France's CEA for EV battery research
Business|Technology

ASML expansion in Veldhoven can proceed, Dutch court rules

Semiconductor production equipment maker ASML may continue with an expansion under way at its headquarters in Veldhoven, the Netherlands' Council of State ruled on Wednesday,

ASML expansion in Veldhoven can proceed, Dutch court rules
Business|Health|Technology

Artisan Investments raises stake in Philips to 10%, regulatory filing shows

U.S. asset management firm Artisan Investments has raised its stake in Philips to 10%, sending the healthcare technology group's shares rising on Wednesday, a week after the

Artisan Investments raises stake in Philips to 10%, regulatory filing shows
Business|Technology

NHTSA closes recall query into about 420,000 Volkswagen vehicles

The U.S. auto safety regulator on Wednesday closed a recall query covering 420,072 Volkswagen vehicles after the automaker acted to fix a potential fuel leak.

NHTSA closes recall query into about 420,000 Volkswagen vehicles
Technology

China designates pilot areas for 'vehicle-road-cloud integration' for smart cars

China's industry ministry has selected 20 localities, including Beijing and Shanghai, as participants in a pilot programme for application of "vehicle-road-cloud integration" for

China designates pilot areas for 'vehicle-road-cloud integration' for smart cars
Business|Technology

Vodafone agrees new Virgin Media O2 tie-up to ease competition concerns

Britain's Vodafone and Virgin Media O2 have agreed to extend their network-sharing deal to the mid-2030s, including a spectrum shift that could help Vodafone to win regulatory

Vodafone agrees new Virgin Media O2 tie-up to ease competition concerns
Business|Economy|Technology|World

EU takes aim at China's Temu and Shein with proposed import duty, FT reports

The European Union is drawing up plans to impose customs duties on cheap goods bought from Chinese online retailers including Temu, Shein, and AliExpress, the Financial Times reported on

EU takes aim at China's Temu and Shein with proposed import duty, FT reports
Business|Economy|Technology

Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows

Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth.

Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
Business|Economy|Technology

Amazon invests $11 billion to expand cloud and logistics in Germany

Amazon will invest 10 billion euros ($10.75 billion) as demand for its cloud services and retail goods in Europe's biggest economy keeps growing, the US technology and retail

Amazon invests $11 billion to expand cloud and logistics in Germany
Business|Technology

Carmakers SAIC and Volkswagen sign energy technology cooperation agreements

China's SAIC Motor and German carmaker Volkswagen have signed several energy technology cooperation agreements related to their SAIC Volkswagen joint venture in China.

Carmakers SAIC and Volkswagen sign energy technology cooperation agreements
Business|Technology

Rivian says no plans to produce vehicles with VW after media report on early talks

Rivian on Tuesday said it had no plans to produce vehicles with Volkswagen after a media report said the U.S. electric vehicle maker was in early talks with the German

Rivian says no plans to produce vehicles with VW after media report on early talks
Business|Technology

Apple poised to get OpenAI board observer role as part of AI pact, Bloomberg News reports

Apple will get an observer role on OpenAI's board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday.

Apple poised to get OpenAI board observer role as part of AI pact, Bloomberg News reports
Technology

Meta to end ban on the word 'shaheed' on oversight board's recommendations

Meta Platforms said on Tuesday it would lift its blanket ban on the word "shaheed", or "martyr" in English, after a year-long review by its oversight board found the social media giant's

Meta to end ban on the word 'shaheed' on oversight board's recommendations
Business|Economy|Technology

Robinhood considering offering crypto futures in US, Europe, Bloomberg reports

Robinhood Markets is considering offering cryptocurrency futures in the U.S. and Europe in the coming months, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Robinhood considering offering crypto futures in US, Europe, Bloomberg reports
Business|Technology

GM's second-quarter US auto sales growth slows

General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to daily rental companies and a cyber incident at CDK that impacted dealers across

GM's second-quarter US auto sales growth slows
Business|Technology

Stellantis invests additional $55 million in air taxi maker Archer

Automaker Stellantis will invest an additional $55 million in Archer Aviation after the air taxi maker's flagship aircraft completed a transition flight last month, the companies said on

Stellantis invests additional $55 million in air taxi maker Archer

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