Tag Archives: technology
China’s CATL German plant targets six battery cell production lines by end-2023
BERLIN (Reuters) - Chinese battery giant CATL is set to install six battery cell production lines by the end of 2023 and hopes to secure approval for 24 gigawatt-hours (GWh of capacity) by June, Matth...
Jan 26, 2023
Rockwell raises FY profit outlook on industrial automation strength
(Reuters) - Rockwell Automation Inc on Thursday raised its 2023 profit outlook on high demand for industrial automation machines amid a tight labor market. Demand in red-hot automation stayed resilien...
Jan 26, 2023
Mobileye expects strong 2023 as customers lap up autonomous driving tech
(Reuters) -Mobileye Global Inc forecast fiscal 2023 revenue higher than analysts' projections and delivered better-than-expected fourth-quarter earnings, as vehicle makers lapped up its driver-assista...
Jan 26, 2023
IG Group extends share buyback by 50 million pounds
(Reuters) - Online trading platform IG Group said on Thursday it was extending its share buyback by 50 million pounds ($61.98 million) to 200 million pounds and that it expected its full-year performa...
Jan 26, 2023
SAP to cut 3,000 jobs in efficiency move, explores Qualtrics stake sale
BERLIN (Reuters) - SAP on Thursday said it plans to cut 3,000 jobs, or 2.5% of its global staff, and to explore a sale of its remaining stake in Qualtrics to focus on strategic growth areas and operat...
Jan 26, 2023
STMicroelectronics lifts fourth quarter sales
By Martin Coulter LONDON (Reuters) - European chipmaker STMicroelectronics on Thursday reported fourth-quarter sales ahead of market expectations, despite challenging economic conditions, benefiting f...
Jan 26, 2023
Musk outlines Tesla’s recession playbook: claw back costs
(This Jan. 25 story has been refiled to remove an extraneous word in paragraph 5) By Abhirup Roy and Kevin Krolicki (Reuters) - Elon Musk has a playbook for Tesla headed into what he believes will be ...
Jan 25, 2023
Accel, Tiger Global mull exiting India’s Flipkart in $1.5 billion stake sale – ET
(Reuters) - Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about...
Jan 25, 2023
Musk says China rivals ‘work hardest, smartest’
(Reuters) - Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects "most likely to be second" in electric vehicles. China is Tesla Inc...
Jan 25, 2023
Meta advertisers brush off Trump’s potential return
By Sheila Dang and Katie Paul (Reuters) - Former U.S. President Donald Trump's potential return to Meta Platform's Facebook and Instagram is unlikely to change how advertisers spend money with the wor...
Jan 25, 2023
