Category Archives: (Fargo | KFGO | kfgo.com) World News
Euro zone banks lose millions of euros to poor IT outsourcing
FRANKFURT (Reuters) - Euro zone banks are losing millions of euros due to tech contractors letting them down, the European Central Bank said on Wednesday, as it warned of shortcomings in how lenders a...
Nov 15, 2023
Volkswagen CEO: 20,000-euro EV could come in second half of decade
By Victoria Waldersee BERLIN (Reuters) -Volkswagen has not made a decision on producing a 20,000-euro ($21,714.00) electric car yet, but Chief Executive Oliver Blume is convinced that the company can ...
Nov 15, 2023
S.Korean taxi app Kakao Mobility plans to buy Europe’s FreeNow – media report
SEOUL (Reuters) - Kakao Mobility, a South Korean taxi-hailing service provider, plans to acquire European taxi platform FreeNow, Maeil Business Newspaper reported on Wednesday. Kakao Mobility will mak...
Nov 15, 2023
China’s JD.com posts third-quarter revenue below estimates
(Reuters) - JD.com on Wednesday reported quarterly revenue below estimates, as consumer prices in China continued to slip amid a wobbly economic recovery. The company reported net revenue of 247.7 bil...
Nov 15, 2023
BAIC unit applies for manufacturing approval for Xiaomi-branded EVs
BEIJING (Reuters) - A unit of Beijing-based automaker BAIC Group has applied for manufacturing approval for two Xiaomi-branded electric vehicles (EVs), China's industry ministry website showed on Wedn...
Nov 15, 2023
Baidu CEO warns China’s rush to develop AI models risks wasting resources
BEIJING (Reuters) - The head of one of China's leading AI firms, Baidu, warned on Wednesday that the fervor rushing to develop large language models in China could lead to a waste of resources, saying...
Nov 15, 2023
Worsening sand, dust storms driving global land loss, says UN
By David Stanway SINGAPORE (Reuters) - The world is losing almost 1 million square kilometres (386,000 square miles) of productive land a year to sand and dust storms made worse by human activities, t...
Nov 15, 2023
Tencent posts strong revenue growth as games sales recover
By Josh Ye HONG KONG (Reuters) -China's Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country's tech sector...
Nov 15, 2023
Exclusive-China’s Bytedance is talking to likely buyers about gaming unit Moonton’s sale-sources
By Josh Ye HONG KONG (Reuters) - TikTok owner ByteDance has been meeting up with potential buyers for a sale of its gaming unit Moonton Technology two years after it acquired the Shanghai-based studio...
Nov 15, 2023
Infineon reports better-than-expected 2023 revenue on semiconductor demand
BERLIN (Reuters) -German chip manufacturer Infineon reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and re...
Nov 15, 2023
