Tag Archives: technology
Toshiba returns to Q1 profit, in line with estimates
TOKYO (Reuters) -Japan's Toshiba Corp on Thursday reported a first-quarter operating profit that was in line with analyst estimates, helped by cost cuts and a recovery from a pandemic-driven hit to de...
Aug 12, 2021
Explainer-How hackers stole $613 million in crypto tokens from Poly Network
By Gertrude Chavez-Dreyfuss and Michelle Price WASHINGTON (Reuters) - Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing $613 million in digital coins from token-swapping pl...
Aug 11, 2021
China urges automakers to strengthen data protection
BEIJING (Reuters) - The Chinese government has asked automakers to strengthen data protection and store locally generated key data in the country. Automakers need to get regulatory approval for both w...
Aug 11, 2021
China investors turn to renewables, chips, to avoid regulators’ attention
By Scott Murdoch HONG KONG (Reuters) - Investors in China are turning to semiconductors, renewable energy and consumer-focused firms in the belief they offer safe-harbour from a blizzard of regulatory...
Aug 11, 2021
China’s Nio plans 3 car models next year, sets up team for mass-market brand
BEIJING (Reuters) - Nio Inc plans to deliver three new car models next year, including its first sedan, Chief Executive William Li said on Thursday, as the Chinese premium electric vehicle maker repor...
Aug 11, 2021
DoorDash held talks to buy Instacart- The Information
(Reuters) - U.S. food delivery firm DoorDash Inc held talks over the past two months to buy grocery delivery company Instacart for a likely price of between $40 billion and $50 billion, The Informatio...
Aug 11, 2021
Brazil’s Embraer and Kenya Airways agree to study flying taxis
SAO PAULO (Reuters) - Brazilian planemaker Embraer SA said on Wednesday its flying taxi unit Eve has signed an agreement with a subsidiary of Kenya Airways to develop operating models in its key marke...
Aug 11, 2021
Lordstown to start limited truck production in late September
By Ben Klayman DETROIT (Reuters) -Electric truck maker Lordstown Motors Corp on Wednesday said it will begin limited production of its Endurance pickup truck in late September and was evaluating worki...
Aug 11, 2021
Bumble beats quarterly revenue estimates as paying users surge
(Reuters) - Bumble Inc surpassed quarterly revenue estimates on Wednesday as the online dating platform marked a surge in paid subscribers during the pandemic, sending its shares up 3% in extended tra...
Aug 11, 2021
EBay forecasts current-quarter revenue below estimates
(Reuters) - EBay Inc missed Wall Street estimates for quarterly revenue on Wednesday and the e-commerce firm forecast current-quarter sales below estimates, signaling opening up of economies and vacci...
Aug 11, 2021
