Tag Archives: technology
Crypto exchange Huobi to lay off 20% of staff – Justin Sun
By Xinghui Kok SINGAPORE (Reuters) - Crypto exchange Huobi plans to lay off about 20% of its staff, Tron founder Justin Sun told Reuters. Sun, a Chinese cryptocurrency entrepreneur who is also a membe...
Jan 06, 2023
South Korea’s SK On plans a new, lower cost EV battery by 2025
By Joseph White LAS VEGAS (Reuters) - South Korea's SK On plans to produce a new, lithium-iron-phosphate electric vehicle battery by 2025 as part of an effort to deliver lower-cost batteries to automa...
Jan 05, 2023
Tesla cuts prices for Model 3, Model Y in China
SHANGHAI (Reuters) - Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China, according to its Chinese website on Friday. The U.S. automaker reduced its starting price for Model...
Jan 05, 2023
Stellantis CEO warns of more auto plant closures
(Reuters) - Chrysler parent Stellantis NV Chief Executive Officer Carlos Tavares said on Thursday that more auto plant closures will happen if high prices for electric vehicles cause vehicle markets t...
Jan 05, 2023
Samsung Elec flags lowest quarterly profit in 8 years on demand slump
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd reported on Friday a likely 69% plunge in December-quarter operating profit to an eight-year low, as a global economic downtu...
Jan 05, 2023
U.S. securities regulator probes FTX investors’ due diligence -sources
By Chris Prentice NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors' due diligence, according to two sources familiar with the inquiry, as f...
Jan 05, 2023
Sony Honda Mobility weighs future IPO for electric vehicle joint venture
By Dawn Chmielewski (Reuters) -Sony and Honda's year-old electric vehicle joint venture is in early discussions about a potential stock offering as a way to raise cash, the chairman of Sony Honda Mobi...
Jan 05, 2023
Carmaker Stellantis creates new data services business
(Reuters) - Carmaker Stellantis said on Thursday it was establishing a new business unit to help expand its data services business, part of its plans to boost revenue from software-related activities ...
Jan 05, 2023
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
By Hannah Lang (Reuters) - The crypto industry's woes continued on Thursday as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-prof...
Jan 05, 2023
U.S. authorities probe FTX engineer Singh -Bloomberg News
(Reuters) - U.S. authorities are investigating the chief engineer of bankrupt crypto exchange FTX, Nishad Singh, ratcheting up pressure on founder Sam Bankman-Fried's inner circle, Bloomberg News repo...
Jan 05, 2023
