China says its EVs, lithium batteries meet domestic demand, enrich global supply
DALIAN, China (Reuters) -China's Premier Li Qiang told delegates at a World Economic Forum meeting in Dalian the country's green technologies were not only meeting domestic demand but also enriching global supply, amid trade tensions with the West. Li ...
Jun 25, 2024
Atome Financial gets up to $100 million debt facility from EvolutionX for expansion
SINGAPORE (Reuters) - Singapore-based financial technology firm Atome Financial said on Tuesday it had secured an up to $100 million debt facility from EvolutionX, a debt financing platform jointly set up by DBS and Temasek, to expand in Southeast ...
Jun 25, 2024
Explainer-South Korea's SK Group considers asset sales, mergers as part of major overhaul
By Joyce Lee and Heekyong Yang SEOUL (Reuters) - South Korea's SK Group plans to hold a two-day strategy meeting starting Friday to discuss streamlining its business to focus on key areas including artificial intelligence, chips and batteries. The ...
Jun 25, 2024
Exclusive-US probing China Telecom, China Mobile over internet, cloud risks
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration is investigating China Mobile, China Telecom and China Unicom over concerns the firms could exploit access to American data through their U.S. cloud and internet businesses by provi...
Jun 25, 2024
Bitcoin drops 7.8% to below $60,000
(Reuters) - Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24. (Reporting by Harshita Meenaktshi in Bengaluru)
Jun 24, 2024
Explainer-How Boeing's Starliner can bring its astronauts back to Earth
By Joey Roulette WASHINGTON (Reuters) - Problems with Boeing's Starliner capsule, still docked at the International Space Station (ISS), have upended the original plans for its return of its two astronauts to Earth, as last-minute fixes and tests d...
Jun 24, 2024
Microsoft-G42 deal positive because it cut Huawei ties, White House official says
WASHINGTON (Reuters) - A Microsoft deal to invest $1.5 billion in G42 is "generally a positive development" because it forced the United Arab Emirates-based company to sever ties to China's Huawei, a White House official said on Monday. "In a place...
Jun 24, 2024
Music labels sue AI companies Suno, Udio for US copyright infringement
By Blake Brittain (Reuters) -Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels' recording...
Jun 24, 2024
Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats
(Reuters) - Bitcoin miner Riot Platforms said on Monday it was withdrawing its offer for Bitfarms and had nominated three directors to the board of rival crypto miner. Riot, which is the biggest shareholder in Bitfarms with a nearly 15% stake, said...
Jun 24, 2024
Foxconn to invest $383 million in Vietnam circuit board plant, says state media
HANOI (Reuters) - Foxconn Singapore has been awarded a licence to invest $383 million in a factory to produce printed circuit boards in Vietnam, state media reported on Monday. The plant in the northern province of Bac Ninh will produce 2.79 millio...
Jun 24, 2024
Ripple effect from CDK hack widens as more US auto dealers flag hit
(Reuters) - More U.S. auto dealers flagged a hit from an outage of CDK's software system due to a cyber attack on Monday as the company worked to restore systems used by over 15,000 retail locations across North America. AutoNation, a leading auto ...
Jun 24, 2024
Cyber attack compromised Indonesia data centre, ransom sought, reports Antara
JAKARTA (Reuters) - A cyber attacker compromised Indonesia's national data centre and asked for an $8 million ransom, the country's communications minister was quoted by state news agency Antara as saying on Monday. The attack disrupted some govern...
Jun 24, 2024
Apple's App Store rules breach EU tech rules, EU regulators say
AMSTERDAM (Reuters) - Apple's App Store rules breach EU tech rules known as the Digital Markets Act (DMA) because they prevent app developers from steering consumers to alternative offers, EU antitrust regulators said on Monday. The European Commis...
Jun 24, 2024
EU to take further action against Apple over digital market rules, Breton says
(Reuters) - The EU will take further action against Apple on Monday linked to the company's compliance to tech regulation known as the Digital Markets Act, Commissioner Thierry Breton said in a post on X. "For too long @Apple has been squeezing out...
Jun 24, 2024
Prosus full-year core headline earnings jump 84%
(Reuters) - Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 bil...
Jun 24, 2024
S.Africa's Naspers profit doubles on Tencent, e-commerce performance
(Reuters) - South Africa's Naspers said on Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China's Tencent, which accounts for the bulk of earnings and revenues. The...
Jun 24, 2024
Exclusive-China's ByteDance working with Broadcom to develop advanced AI chip, sources say
By Eduardo Baptista BEIJING (Reuters) - China's ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter said, a move that would help TikTok's owner secure sufficient supply ...
Jun 24, 2024
CDK Global begins to restore systems after cyber hack, Bloomberg News reports
(Reuters) - Retail technology and software provider CDK Global has begun working to restore systems used by about 15,000 auto retailers to conduct day-to-day business, Bloomberg News reported on Sunday. The company expected the process to take "sev...
Jun 23, 2024
Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says
By Andrew Mills DOHA (Reuters) - Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern countries, Ooredoo's CEO told Reuters. The agreement marks Nvi...
Jun 23, 2024
Apple, Meta have discussed an AI partnership, WSJ reports
(Reuters) - Facebook parent Meta Platforms has discussed integrating Meta's generative AI model into Apple Inc's recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. (Reporting by Gursimran Kaur in Bengaluru, Edit...
Jun 23, 2024
EU tariffs on China not a 'punishment', says German economy minister
BEIJING (Reuters) - Proposed European Union tariffs on Chinese goods are not a "punishment", Germany's Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday. Habeck's visit to China is the first by a senior European official ...
Jun 22, 2024
Boeing's Starliner return to Earth delayed indefinitely
(Reuters) - NASA and Boeing indefinitely postponed the Starliner spacecraft's return from the International Space Station to Earth, NASA said on Friday. (Reporting by Mrinmay Dey and Joey Roulette; Editing by Sandra Maler)
Jun 22, 2024
Stability AI appoints new CEO, the Information reports
(Reuters) -British artificial intelligence startup Stability AI has appointed Prem Akkaraju as its new chief executive officer, the Information reported on Friday, citing a person involved in the decision. Akkaraju, former CEO of visual effects company...
Jun 21, 2024
Hackers hit Poland Euro 2024 match broadcast in second attack
WARSAW (Reuters) - Hackers disrupted an online broadcast of Poland's Euro 2024 match with Austria on Friday, the state broadcaster said, the second cyberattack targeting the Polish soccer team during the championships. Initial checks suggested the ...
Jun 21, 2024
Apple to delay launch of AI-powered features in Europe, blames EU tech rules
By Foo Yun Chee BRUSSELS (Reuters) - Apple will delay launching three new artificial intelligence features because landmark European Union tech rules require it to ensure that rival products and services can function with its devices, the U.S. tech...
Jun 21, 2024