Today: October 06, 2024
Today: October 06, 2024

Latest From Reuters

Business|Europe|Technology

Stellantis triggers government scrutiny with Comau stake sale

Carmaker Stellantis has agreed to sell a majority stake in its robotic unit Comau to One Equity Partners, in a deal that has drawn scrutiny

Stellantis triggers government scrutiny with Comau stake sale
Asia|Business|Technology

AI cloud provider SMC plans global rollout, CEO says

Singapore - Singapore-headquartered AI cloud provider Sustainable Metal Cloud (SMC) is planning to expand globally as its sees fast-growing demand for its energy saving technology, its CEO said on

AI cloud provider SMC plans global rollout, CEO says
Business|Economy|Technology

India's Tech Mahindra beats Q1 revenue view, expects "better" FY25

India's Tech Mahindra reported its smallest revenue fall in four quarters on Thursday, helped by its manufacturing and healthcare segments, as the company signalled the return of

India's Tech Mahindra beats Q1 revenue view, expects "better" FY25
Business|Economy|Finance|Technology

Global tech outage to cost Air France KLM close to $11 million, says CFO

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

Global tech outage to cost Air France KLM close to $11 million, says CFO
Business|Technology

Apple's China smartphone shipments drop 6.7% as Huawei surges, data shows

Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from

Apple's China smartphone shipments drop 6.7% as Huawei surges, data shows
Business|Finance|Technology

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says

Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday.

Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says
Economy|Finance|Technology

Ether set for biggest daily fall in three months, no US ETF bounce

Cryptocurrency ether dropped as much as 7% on Thursday as it got caught up in the broad market sell-off and failed to get a lift from this week's launch of the first U.S. exchange

Ether set for biggest daily fall in three months, no US ETF bounce
Business|Europe|Technology

Vodafone's growth slows as Germany goes into reverse

Vodafone reported a slow down in top-line growth on Thursday, ending four quarters of accelerating improvement, after law changes related to selling TV services in

Vodafone's growth slows as Germany goes into reverse
Business|Finance|Technology

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first

Bitcoin miner Bitfarms said on Wednesday it adopted a second 'poison pill' after a Canadian tribunal ceased the earlier one adopted to fend off a potential hostile takeover attempt by rival

Bitfarms adopts second 'poison pill' after Canadian tribunal terminates first
Economy|Technology

UK and India launch technology security initiative

Britain said on Wednesday it had launched a new technology security initiative with India aimed at boosting economic growth, fostering collaboration on telecoms security and

UK and India launch technology security initiative
Americas|Business|Economy|Technology

Mexico president says Musk 'not serious' about possibly scrapping Mexican investment

Mexico's president on Wednesday pushed back on Tesla CEO Elon Musk's comments that the EV maker has paused plans for a plant in Mexico and would reassess

Mexico president says Musk 'not serious' about possibly scrapping Mexican investment
Business|Technology

Google's Vertex AI to use Mistral AI's Codestral

Google Cloud will use Mistral AI's Codestral artificial intelligence model for Google's Vertex AI service, Google Cloud said on Wednesday.

Google's Vertex AI to use Mistral AI's Codestral
Business|Technology

Microsoft aims to boost AI workload capacity with Lumen partnership

Microsoft will use Lumen Technologies' network equipment to expand its capacity for AI workloads, the companies said on Wednesday, as the technology giant looks to meet growing demand at

Microsoft aims to boost AI workload capacity with Lumen partnership
Africa|Crime|Technology

Meta removes 63,000 Instagram accounts in Nigeria over 'sextortion' scams

Meta Platforms said on Wednesday it had removed about 63,000 accounts in Nigeria that attempted to engage in financial sexual extortion scams mostly aimed at adult men in the United

Meta removes 63,000 Instagram accounts in Nigeria over 'sextortion' scams
Business|Technology

BMW to recall 290,000 faulty vehicles in US on safety fears

BMW is recalling 291,112 vehicles in the U.S. as their interior cargo rails could detach during a rear crash, increasing the risk of injury, the U.S.

BMW to recall 290,000 faulty vehicles in US on safety fears
Business|Finance|Technology

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix

U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix
Business|Europe|Technology

Atos appoints fifth CEO in less than two years

French technology company Atos on Wednesday appointed its chairman Jean Pierre Mustier as CEO to replace departing boss Paul Saleh in its fifth top management reshuffle in less than two

Atos appoints fifth CEO in less than two years
Business|Europe|Technology

Ferrari extends cryptocurrency payment system to Europe after US launch

Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after

Ferrari extends cryptocurrency payment system to Europe after US launch
Business|Technology

Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outage

Malaysia's digital minister said on Wednesday he has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during last

Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outage
Business|Europe|Technology

Spain's antitrust watchdog opens investigation into Apple's app store

Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.

Spain's antitrust watchdog opens investigation into Apple's app store
Asia|Crime|Technology

Malaysia seeks social media platforms' commitment to tackle cybercrimes

Malaysia is seeking the commitment of social media platforms to tackle cybercrimes ranging from scams, cyberbullying and child pornography, its communications minister said on

Malaysia seeks social media platforms' commitment to tackle cybercrimes
Asia|Business|Finance|Technology

Who is Kim Beom-su, founder of South Korean tech giant Kakao?

South Korean authorities arrested Kim Beom-su, the billionaire founder of tech giant Kakao Corp, on Tuesday on accusations of stock manipulation during the acquisition of a K-Pop

Who is Kim Beom-su, founder of South Korean tech giant Kakao?
Business|Europe|Finance|Technology

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal

UniCredit on Wednesday said it was investing 370 million euros ($401 million) to acquire Belgium's digital bank Aion and Vodeno, a provider of cloud-based banking services.

UniCredit buys digital bank and cloud IT platform in Aion-Vodeno deal
Business|Technology

Rivian to face trial in Tesla trade secrets theft case, judge says

Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk's Tesla to steal trade secrets, according to a tentative

Rivian to face trial in Tesla trade secrets theft case, judge says
Asia|Business|Economy|Technology

Foxconn to invest $138 million for new business headquarters in China

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to

Foxconn to invest $138 million for new business headquarters in China

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