Tag Archives: technology
Maruti Suzuki India net profit falls 48% in third quarter
BENGALURU (Reuters) - India's top car maker Maruti Suzuki India Ltd posted a 48% fall in third-quarter net profit on Tuesday, as a global chip shortage slowed production and high material costs squeez...
Jan 25, 2022
Volkswagen and Bosch to collaborate on automated driving software
BERLIN(Reuters) - Volkswagen's software subsidiary Cariad and autos supplier Bosch have formed a partnership to develop software for automated driving to use in Volkswagen's passenger vehicles, the co...
Jan 25, 2022
UiPath’s success fires up Romania’s unicorn dreams
By Luiza Ilie and Michael Kahn BUCHAREST/PRAGUE (Reuters) - When Romanian software maker UiPath achieved unicorn status as a billion-dollar company in March 2018, Sergiu Negut knew immediately that th...
Jan 25, 2022
Abu Dhabi’s Chimera closes second venture capital fund at $10 billion
By Yousef Saba DUBAI (Reuters) - Abu Dhabi investment firm Chimera Capital said on Tuesday it closed its second venture capital (VC) fund at $10 billion, as it looks to find multi-million dollar oppor...
Jan 25, 2022
Exclusive-Chinese fashion retailer SHEIN revives plan for New York listing in 2022-sources
By Kane Wu, Fanny Potkin and Scott Murdoch HONG KONG/SINGAPORE (Reuters) - Chinese fashion retailer SHEIN is reviving plans to list in New York this year and its founder is considering a citizenship c...
Jan 25, 2022
Ericsson profit beats as more countries roll out 5G
STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported fourth-quarter core earnings above market estimates, helped by higher sales of telecom gear as more countries roll out 5G networks offsetting...
Jan 25, 2022
THE CRYPTOVERSE-Teenage bitcoin throws an interest rate tantrum
By Lisa Pauline Mattackal and Medha Singh (Reuters) - Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset - but watch o...
Jan 25, 2022
Hyundai Motor’s Q4 profit almost halves, misses estimates
SEOUL (Reuters) -South Korea's Hyundai Motor Co reported a nearly 50% drop in quarterly profit on Tuesday, falling significantly short of analysts' estimate, hurt by rising raw material costs and a on...
Jan 24, 2022
Buy now, pay later firms Zip, Sezzle confirm merger talks
(Reuters) - Buy now, pay later (BNPL) firm Sezzle Inc is in talks to be acquired by larger Australian rival Zip Co Ltd, the companies said on Tuesday, sending shares of Sezzle soaring 23% during the s...
Jan 24, 2022
Indonesia regulator says financial firms banned from facilitating crypto sales
JAKARTA (Reuters) - Indonesia's Financial Services Authority (OJK) on Tuesday warned that financial firms are not allowed to offer and facilitate sales of crypto assets amid a boom in crypto trading i...
Jan 24, 2022
