Tag Archives: technology
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) - Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year's planned capital expenditure by almost a fifth, it said on Wednesday, citing weakening consumer...
Oct 26, 2022
Israel’s Trigo raises $100 million to expand autonomous shopping technology
JERUSALEM (Reuters) - Israel's Trigo said on Wednesday it raised $100 million in a private funding round to ramp up deployment for its technology that allows customers to shop without having to wait i...
Oct 26, 2022
Big Tech tumbles as results sound alarm bells
(Reuters) - Grim results from Alphabet Inc and Microsoft Corp stoked fears of a global economic downturn and slammed the brakes on a fragile recovery in stock markets ahead of earnings from other tech...
Oct 26, 2022
Truck maker Volvo to start producing battery modules in Belgium
STOCKHOLM (Reuters) - Swedish truck maker Volvo Group said on Wednesday its plant in Ghent in Belgium would start to produce battery modules in 2025. "The investment decision to install battery module...
Oct 26, 2022
Oman’s sovereign wealth fund eyes tech investments in UK
By Hadeel Al Sayegh RIYADH (Reuters) - Oman's sovereign wealth fund, the Oman Investment Authority, is considering investing in the United Kingdom's technology sector to take advantage of valuations h...
Oct 26, 2022
British furniture retailer Made.com stops taking orders
LONDON (Reuters) - British online furniture retailer Made.com suspended taking customer orders on Wednesday after talks to find a buyer failed, pushing the group towards administration. The company sa...
Oct 26, 2022
Meta Platforms disagrees with Turkish competition board fine
ISTANBUL (Reuters) - A spokesperson for Facebook-parent Meta Platforms Inc said on Wednesday that they did not agree with the findings of Turkish competition authority, after it fined the company 346....
Oct 26, 2022
Turkish competition board fines Meta Platforms $18.6 million
ISTANBUL (Reuters) - Turkey's competition authority said on Wednesday that it had fined Facebook-parent Meta Platforms Inc 346.72 million lira ($18.63 million) for violating competition law. In a stat...
Oct 26, 2022
KPN expects ‘slight’ core earnings growth in 2023
(Reuters) - Dutch telecom company KPN NV on Wednesday reiterated its 2022 outlook, but said it expected "slight" growth in core earnings next year as it works to offset inflation, especially in energy...
Oct 26, 2022
Crypto industry disappointed as Australia looks to enshrine tax rules
By Praveen Menon and Byron Kaye SYDNEY (Reuters) - The cryptocurrency industry said on Wednesday it was disappointed with Australia's decision to continue treating digital currencies as assets for tax...
Oct 26, 2022
