Tag Archives: technology
Silk-FAW confirms plan to build electric sports cars in Italy
MILAN (Reuters) - Silk-FAW, a start-up between U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW, said on Monday it would press ahead with a one-billion euro ($1.02 billion...
Jul 25, 2022
Bankrupt Voyager rebuffs Sam Bankman-Fried’s “low-ball bid”
(Reuters) - Bankrupt crypto lender Voyager Digital said a recent joint proposal from FTX and Alameda Ventures was a "low-ball bid dressed up as a white knight rescue" and alleged the plan would disrup...
Jul 25, 2022
Biden to hold meeting on semiconductor bill, White House says
WASHINGTON (Reuters) - President Joe Biden will meet virtually with chief executive officers and labor leaders on Monday as part of his administration's latest push for legislation to boost the U.S. s...
Jul 25, 2022
Redwood Materials plans to spend $3.5 billion on battery-materials factory in Nevada – WSJ
(Reuters) - Redwood Materials, founded by former Tesla Inc executive J.B. Straubel, plans to spend $3.5 billion on a battery-materials factory in northwest Nevada, the Wall Street Journal reported on ...
Jul 25, 2022
Brazil’s XP Inc to open crypto platform to clients in August
By Paula Arend Laier SAO PAULO (Reuters) - Brazilian brokerage XP Inc expects to open its digital assets trading platform to clients by mid-August, initially offering bitcoin and ether but with plans ...
Jul 25, 2022
Tesla gets subpoena over Musk’s 2018 go-private tweets – filing
(Reuters) - Tesla Inc received a subpoena from the Securities and Exchange Commission on June 13 related to Chief Executive Elon Musk's tweets on taking the company private in 2018, the electric autom...
Jul 25, 2022
Foxconn operating normally in China’s Shenzhen
TAIPEI (Reuters) - Electronics maker Foxconn said on Monday operation was normal at its campus in China's manufacturing hub of Shenzhen and that the company will follow government guidelines to ensure...
Jul 25, 2022
Intel to produce Taiwanese company MediaTek’s chips
By Jane Lanhee Lee and Stephen Nellis OAKLAND, Calif (Reuters) - U.S. chipmaker Intel Corp said on Monday it will produce chips for Taiwan's MediaTek Inc, one of the world's largest chip design firms....
Jul 25, 2022
China puts iPhone maker, CNOOC into Shenzhen ‘closed loop’ to battle COVID- Bloomberg News
(Reuters) - The Chinese government has ordered some of its biggest companies, including iPhone maker Foxconn and oil producer CNOOC Ltd, to operate within a "closed loop" restricted system for seven d...
Jul 25, 2022
Refinitiv says it is investigating potential service issue
ZURICH (Reuters) - Financial information provider Refinitiv said SIX Swiss Exchange data was not updating on Monday and it was investigating the cause. It said the incident affected customers globally...
Jul 25, 2022
