Today: October 07, 2024
Today: October 07, 2024

Latest From Reuters

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
Entertainment|Technology

SXSW festival to launch European edition in London next year

South by Southwest, the music, technology and film festival (SXSW) held annually in Austin, Texas is coming to London next year in a new European edition.

SXSW festival to launch European edition in London next year
Business|Technology

Elon Musk proposed to launch robotaxis in China during April visit, state media report says

Elon Musk proposed testing Tesla's advanced driver-assistance package in China by deploying it in robotaxis, during his recent visit to the country, the state-backed China Daily

Elon Musk proposed to launch robotaxis in China during April visit, state media report says
Business|Technology

Brazil's Telefonica quarterly profit rises 7%, but misses forecasts

Brazilian telecommunications operator Telefonica Brasil posted on Tuesday a net profit below analysts' expectations, even though it increased by 7.3% in the first quarter from a

Brazil's Telefonica quarterly profit rises 7%, but misses forecasts
Business|Technology

Match Group expects quarterly revenue below estimates as spending on dating apps falls

Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as people dial back spending on dating apps, weighing on user growth.

Match Group expects quarterly revenue below estimates as spending on dating apps falls
Business|Technology

Reddit's strong forecasts spark share surge after first results since IPO

Reddit said it could post an adjusted profit in the second quarter thanks to its booming advertising business and content-licensing deals with AI companies, impressing

Reddit's strong forecasts spark share surge after first results since IPO
Business|Economy|Technology

Rivian sticks to production forecast below Wall Street targets

Electric-pickup maker Rivian on Tuesday stuck to a 2024 production forecast well below Wall Street targets and reported a wider-than-expected first-quarter

Rivian sticks to production forecast below Wall Street targets
Business|Technology

The latest investigation into the Boeing 787

The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner to see whether some employees committed "misconduct" by claiming certain

The latest investigation into the Boeing 787
Business|Economy|Technology

Italy's Leonardo in wait-and-see mode over Boeing delays

Italy's Leonardo is waiting to see the impact of Boeing's recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on

Italy's Leonardo in wait-and-see mode over Boeing delays
Business|Technology

Meta to expand AI image generation offerings for ads

Meta Platforms, the parent company of Facebook and Instagram, said on Tuesday it was expanding its suite of generative AI ads products to offer tools that can automatically create

Meta to expand AI image generation offerings for ads
Business|Technology

Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move

Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.

Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move
Business|Technology

Investopedia-owner Dotdash Meredith signs content license deal with OpenAI

Dotdash Meredith has signed a content license deal with OpenAI to train AI models and allow ChatGPT to answer queries with summaries attributable to America's largest digital and print

Investopedia-owner Dotdash Meredith signs content license deal with OpenAI
Business|Technology

Geely, Foretellix partner to jump-start self driving car development

Chinese automaker Geely and Israeli auto safety technology startup Foretellix formed a strategic partnership to accelerate safe large-scale development of self-driving vehicles,

Geely, Foretellix partner to jump-start self driving car development

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