Category Archives: (KFGO The Mighty 790) Technology
Google, Netflix under scrutiny in South Korea over network fees
By Joyce Lee SEOUL (Reuters) - South Korea's parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix and Alphabet's Google pay South Korean ne...
Oct 21, 2022
Snap crashes, drags peers, as dire forecast sparks ad growth fears
(Reuters) - Shares of Snap Inc sank about 25% before the bell on Friday, after the owner of photo messaging app Snapchat forecast zero revenue growth for the current quarter, triggering a slide in oth...
Oct 21, 2022
Telia cuts outlook as soaring energy costs eat into profit
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish telecom operator Telia on Friday trimmed its outlook for 2022 and 2023 citing high electricity costs that eroded its quarterly profit and said it exp...
Oct 21, 2022
Deliveroo says full-year revenue will be at lower end of range
LONDON (Reuters) - British food delivery company Deliveroo guided to full-year revenue at the lower end of its range due to the squeeze on consumer budgets. Full-year gross transaction value (GTV) gro...
Oct 21, 2022
Exclusive-Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
By Paul Lienert (Reuters) - The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw ma...
Oct 20, 2022
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
BENGALURU (Reuters) - Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on ...
Oct 20, 2022
Instacart pulls IPO on volatile market conditions – sources
By Anirban Sen and Krystal Hu (Reuters) - Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing vola...
Oct 20, 2022
Exclusive-China’s CATL slows battery investment plan for U.S., Mexico-sources
(Reuters) - Chinese battery giant CATL has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, t...
Oct 20, 2022
China’s YMTC denies reports it took part in meeting on chip curbs
SHANGHAI (Reuters) - Chinese chip maker YMTC denied media reports stating it participated in an emergency meeting held by China's industry ministry to discuss the impact of U.S. sanctions, according t...
Oct 20, 2022
U.S. weighs security review for Musk’s ventures, including Twitter deal – Bloomberg News Reporter Tweet
(Reuters) - Biden Administration officials are discussing whether the United States should subject some of Tesla Inc Chief Executive Officer Elon Musk's ventures to national security reviews, a Bloomb...
Oct 20, 2022
