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

Latest From Reuters

Business|Technology

Foxconn's Q1 profit to jump from low base, AI to power growth

Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that first-quarter profit more than doubled on robust demand for artificial

Foxconn's Q1 profit to jump from low base, AI to power growth
Entertainment|Technology

Apple apologizes for iPad Pro 'Crush' ad, Ad Age says

Apple apologized on Thursday after an advertisement for its latest iPad Pro model sparked criticism by showing an animation of musical instruments and other symbols of creativity being

Apple apologizes for iPad Pro 'Crush' ad, Ad Age says
Political|Technology

US lawmakers unveil bill to make it easier to restrict exports of AI models

A bipartisan group of lawmakers unveiled a bill late Wednesday that would make it easier for the Biden administration to impose export controls on AI models, in a bid to

US lawmakers unveil bill to make it easier to restrict exports of AI models
Business|Technology

BP looks to expand EV charging unit in US after Tesla disbands Supercharger team

BP's electric charging unit is keen on expanding in the United States after electric vehicle maker Tesla disbanded its EV charging team, the oil company said on Thursday.

BP looks to expand EV charging unit in US after Tesla disbands Supercharger team
Business|Technology

Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030

Ford Motor is considering offering gas-powered vehicles and hybrids beyond 2030 in Europe, a change from its initial plan for an all-electric lineup in the region, the Detroit automaker

Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030
Business|Technology

Apple to power AI servers with its chips, Bloomberg News reports

Apple will deliver some of its upcoming artificial intelligence features this year through data centers powered by its own in-house chips, Bloomberg News reported on Thursday, as the

Apple to power AI servers with its chips, Bloomberg News reports
Business|Technology

T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports

T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday.

T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
Business|Economy|Technology

US online retail spending up 7% Jan-April, driven by demand for cheaper products, report says

Online retail sales in the U.S. rose about 7% from January to April this year, an Adobe Analytics report showed on Thursday, driven by strong demand for groceries and cheaper discretionary

US online retail spending up 7% Jan-April, driven by demand for cheaper products, report says
Business|Technology

China's BYD will consider second Europe plant in 2025, executive says

Chinese automaker BYD will consider building a second assembly plant in Europe in 2025, its European managing director Michael Shu said on Thursday.

China's BYD will consider second Europe plant in 2025, executive says
Business|Technology

Sony Group, others eyeing buyout of Infocom, Bloomberg News reports

Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday

Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
Business|Economy|Technology

Brazil's Eletrobras net income down 19% in Q1; shares fall

Brazilian power giant Eletrobras reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed transmission

Brazil's Eletrobras net income down 19% in Q1; shares fall
Business|Economy|Technology|Travel

Airbnb slumps as gloomy forecast fans slowdown fears

Airbnb shares tumbled nearly 7% in afternoon trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took

Airbnb slumps as gloomy forecast fans slowdown fears
Business|Economy|Technology

Panasonic's battery unit misses annual profit estimate

The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in

Panasonic's battery unit misses annual profit estimate
Business|Technology

Factbox: What is in Huawei's new Pura 70 smartphones

Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the

Factbox: What is in Huawei's new Pura 70 smartphones
Business|Entertainment|Technology

Disney, Warner Bros to offer streaming bundle of Disney+, Hulu and Max

Walt Disney and Warner Bros Discovery will offer a bundle of the Disney+, Hulu and Max streaming services in the United States starting this summer, the

Disney, Warner Bros to offer streaming bundle of Disney+, Hulu and Max
Business|Economy|Technology

Microsoft to shut Africa development centre in Nigeria

Microsoft is closing down its Africa Development Centre in the continent's most populous nation Nigeria, which will lead to job losses, a spokesperson said on Wednesday.

Microsoft to shut Africa development centre in Nigeria
Business|Economy|Technology

Bumble revenue beats estimates on paying users strength, shares jump

Bumble beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users, sending the company's shares up more than 9% in aftermarket

Bumble revenue beats estimates on paying users strength, shares jump
Business|Economy|Technology

Turkey's competition board to fine Meta $37.2 million in data-sharing probe

Turkey's competition board fined Meta Platforms 1.2 billion lira ($37.20 million) on Wednesday after concluding two separate investigations on data-sharing in its Facebook,

Turkey's competition board to fine Meta $37.2 million in data-sharing probe
Business|Entertainment|Technology

Warner Bros Discovery plans new cost cuts, hike in Max price, Bloomberg reports

Warner Bros Discovery is looking at additional opportunities for cost-cutting and raising prices for its Max streaming platform, Bloomberg News reported on Wednesday, citing people with

Warner Bros Discovery plans new cost cuts, hike in Max price, Bloomberg reports
Business|Technology

Google fights $17 billion UK lawsuit over adtech practices

Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on

Google fights $17 billion UK lawsuit over adtech practices
Political|Technology

Senator Schumer to propose framework for AI legislation in coming weeks

Senate Majority Leader Chuck Schumer said on Wednesday he would provide a framework for addressing the risks and potential benefits of artificial intelligence in the coming weeks

Senator Schumer to propose framework for AI legislation in coming weeks
Business|Economy|Technology

Mercedes CEO speaks against restrictions on trade with China

Mercedes-Benz Chief Executive Ola Kaellenius on Wednesday spoke against imposing restrictions on trade with China, stressing that the country remains the group's most important

Mercedes CEO speaks against restrictions on trade with China
Business|Technology

Reddit shares soar as earnings show advertising, AI licensing revenue potential

Reddit soared as much as 11% in early trading on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since

Reddit shares soar as earnings show advertising, AI licensing revenue potential
Economy|Technology|World

Taiwan April exports up less than expected, but shipments to US hit record

Taiwan's exports rose less than expected in April, hurt by weak demand from China although robust demand for artificial intelligence-related products had shipments to the United

Taiwan April exports up less than expected, but shipments to US hit record
Business|Economy|Technology

South Korea welcomes US decision to extend use of Chinese graphite in EVs

South Korea on Wednesday welcomed a U.S. decision to extend automakers' eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026.

South Korea welcomes US decision to extend use of Chinese graphite in EVs

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