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

Latest From Reuters

Business|Environment|Technology

Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara

Top Australian miners Rio Tinto and BHP Group will work together for testing large battery-operated electric haul truck technology in the Pilbara region of Western Australia, Rio Tinto

Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara
Business|Economy|Technology

Stellantis to introduce Italy-made hybrid versions of Fiat 500 EV, Jeep Compass

Fiat owner Stellantis said on Monday it would build a hybrid version of its 500e small electric car at its Mirafiori plant in Turin, Italy, amid a slowdown in

Stellantis to introduce Italy-made hybrid versions of Fiat 500 EV, Jeep Compass
Business|Technology

Elon Musk's xAI valued at $24 billion after fresh funding

Elon Musk's AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the

Elon Musk's xAI valued at $24 billion after fresh funding
Business|Technology

Indonesia probing Shopee, Lazada units for alleged competition rule breaches

Indonesia's anti-trust agency said on Monday it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition rules.

Indonesia probing Shopee, Lazada units for alleged competition rule breaches
Business|Economy|Technology

China sets up third fund with $47.5 billion to boost semiconductor sector

China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a

China sets up third fund with $47.5 billion to boost semiconductor sector
Business|Technology|World

Samsung encouraged to invest more in China, Premier Li Qiang says

Chinese Premier Li Qiang told Samsung Chairman Jay Y.

Samsung encouraged to invest more in China, Premier Li Qiang says
Business|Technology

Elon Musk plans xAI supercomputer, The Information reports

U.S. businessman Elon Musk recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer to power the next version of its AI chatbot Grok, The

Elon Musk plans xAI supercomputer, The Information reports
Business|Technology

Tesla shareholders advised to reject Musk's $56 billion pay

Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the

Tesla shareholders advised to reject Musk's $56 billion pay
Business|Technology

Meta submits changes to UK privacy compliance proposals, CMA says

Meta Platforms has offered to limit the use of certain data from all advertisers on its Facebook Marketplace platform, as part of amendments to the proposals accepted by the Competition

Meta submits changes to UK privacy compliance proposals, CMA says
Business|Technology

Japan's Nidec corrects past results after some sales were 'inflated'

Japanese electric motor manufacturer Nidec Corp revised down two years of operating profit by about $67 million on Friday after determining that some sales were "recorded in an

Japan's Nidec corrects past results after some sales were 'inflated'
Business|Technology

Tesla slashes Model Y production in Shanghai, data shows

Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.

Tesla slashes Model Y production in Shanghai, data shows
Business|Technology

Boeing sees six-fold rise in employee concerns on product safety, quality

Boeing saw a six-fold increase in submissions from its employees raising concerns related to the safety of products and services during the first two months of 2024, compared with the same

Boeing sees six-fold rise in employee concerns on product safety, quality
Business|Economy|Technology

Lucid to trim US workforce by 6% amid softening EV demand

Lucid Group will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples

Lucid to trim US workforce by 6% amid softening EV demand
Technology

Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner says

Kabosu, the Japanese dog that became a global meme and the face of alternative cryptocurrency Dogecoin has died at 18, her owner announced in a blog post on Friday.

Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner says
Business|Technology

Boeing updates training for new hires in manufacturing and quality

Boeing said on Thursday the planemaker has updated its workforce training for new hires for manufacturing and quality after pausing it in late February.

Boeing updates training for new hires in manufacturing and quality
Business|Technology

SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports

Elon Musk's SpaceX has initiated discussions about selling existing shares in a deal that could value the company at roughly $200 billion, Bloomberg News reported on Thursday, citing people

SpaceX mulling tender offer at $200 billion valuation, Bloomberg News reports
Business|Technology

CEO Barra backs GM's push for autonomous vehicles

General Motors' CEO Mary Barra backed the Detroit automaker's efforts towards building autonomous vehicles at a Detroit Economic Club event on Thursday.

CEO Barra backs GM's push for autonomous vehicles
Business|Economy|Technology

SingTel annual profit more than halves on $2.3 billion impairment hit

Singapore Telecommunications' annual net profit more than halved on Thursday, hit by a previously announced S$3.1 billion ($2.30 billion) impairment

SingTel annual profit more than halves on $2.3 billion impairment hit
Business|Technology

TSMC sees annual sales growth to reach 10% in semiconductor industry

Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry, excluding

TSMC sees annual sales growth to reach 10% in semiconductor industry
Business|Economy|Technology

Nvidia aces Fed, tense Taiwan and UK poll

A look at the day ahead in U.S. and global markets from Mike Dolan Yet another quarterly earnings beat from AI-chip behemoth Nvidia catapulted Wall St stock futures higher again on Thursday - batting

Nvidia aces Fed, tense Taiwan and UK poll
Business|Entertainment|Technology

Tomb Raider owner says humans hold key to game evolution as AI gains ground

AI has become a major tool in gaming, but human creativity remains crucial to developing games, the CEO of Tomb Raider franchise owner Embracer told Reuters on Thursday.

Tomb Raider owner says humans hold key to game evolution as AI gains ground
Business|Technology

Boeing deliveries to China delayed by state regulator review, source says

Boeing's plane deliveries to China have been delayed in recent weeks due to a Chinese regulatory review of batteries powering the cockpit voice

Boeing deliveries to China delayed by state regulator review, source says
Business|Technology

Volkswagen delays ID.7 EV launch in US, Canada

Volkswagen has delayed the launch of its electric ID.7 sedan in the U.S. and Canada, the German automaker said on Wednesday, citing changing market dynamics.

Volkswagen delays ID.7 EV launch in US, Canada
Business|Economy|Technology

Amazon Web Services to invest $17.02 billion in data centres in Spain

Tech giant Amazon's cloud computing unit AWS will invest 15.7 billion euros ($17.02 billion) in data centres in Spain's northeastern Aragon region, it said on Wednesday,

Amazon Web Services to invest $17.02 billion in data centres in Spain
Business|Economy|Technology

Analog Devices forecasts robust quarterly revenue on chip market recovery

Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its industrial chips after a prolonged slump, sending its shares up

Analog Devices forecasts robust quarterly revenue on chip market recovery

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