Category Archives: (KFGO The Mighty 790) Technology
Analysis-US consumer watchdog hands Wall Street rare win with Big Tech crackdown
By Hannah Lang (Reuters) - The U.S. consumer watchdog, not usually known to side with Wall Street lenders, has handed them a rare win by cracking down on Big Tech companies that are increasingly encro...
Nov 17, 2023
Amazon eyes $20 billion exports by 2025 from India, says company official
By Manoj Kumar NEW DELHI (Reuters) - Amazon is targeting merchandise exports worth $20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official sa...
Nov 17, 2023
Reaction to Alibaba’s scrapping of cloud unit spin-off
HONG KONG (Reuters) - Hong Kong-listed shares of China's Alibaba Group plunged 10% on Friday, wiping about $20 billion off its market value, after the company scrapped plans to spin off its cloud busi...
Nov 17, 2023
Panasonic plans to sell stake in autos business to Apollo Global funds
TOKYO (Reuters) -Japan's Panasonic Holdings said on Friday it plans to sell a stake in its automotive systems business to funds managed by U.S. private equity firm Apollo Global Management, and has si...
Nov 16, 2023
China to allow road trials of intelligent connected vehicles
BEIJING (Reuters) - China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world's largest auto market has set i...
Nov 16, 2023
Australian telco Optus tells lawmakers it had no plan to address total outage
By Byron Kaye SYDNEY (Reuters) - Australia's second-largest telco, Optus, had no crisis plan when a network-wide outage left nearly half the country without phone or internet for 12 hours, an executiv...
Nov 16, 2023
China’s Li Auto says to start mass production of its first EV in Feb
SHANGHAI (Reuters) - Chinese automaker Li Auto said on Friday it will start mass production of its first pure electric car in early February, 2024, at its Beijing plant. Delivery of the MEGA multi-pur...
Nov 16, 2023
Alibaba shares set to slide 8% after it shelves cloud unit spin-off
HONG KONG (Reuters) - The Hong Kong-listed shares of Alibaba Group were set to fall 7.8% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties over U.S. restrictions o...
Nov 16, 2023
Samsung boss Jay Y Lee faces final hearing over alleged fraud, stock manipulation
SEOUL (Reuters) - Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of t...
Nov 16, 2023
Amazon aggregator Thrasio prepares for bankruptcy – WSJ
(Reuters) - Thrasio Holdings, which acquires third-party sellers on Amazon, is preparing to file for bankruptcy as it grapples with a post-pandemic slump in online spending, the Wall Street Journal re...
Nov 16, 2023
