Tag Archives: technology
Election disruptions loom as social media giants likely to resist Turkey’s new law
By Jonathan Spicer, Can Sezer and Ali Kucukgocmen ISTANBUL (Reuters) - Social media companies are unlikely to fully abide by Turkey's new law requiring them to remove "disinformation" content and shar...
Oct 21, 2022
Greenlight’s Einhorn optimistic Twitter deal with Musk will close
NEW YORK (Reuters) - Hedge fund manager David Einhorn, whose Greenlight Capital has had a long history with entrepreneur Elon Musk, in a letter on Friday said he expects Musk's deal to buy Twitter Inc...
Oct 21, 2022
Google says India antitrust watchdog’s decision a “major setback”
BENGALURU (Reuters) - Alphabet Inc's Google said on Friday the Indian antitrust watchdog's decision to fine the company 13.38 billion Indian rupees ($161.95 million) for anti-competitive practices was...
Oct 21, 2022
Chinese battery giant CATL profit jumps as it ramps up output
SHANGHAI (Reuters) - China's CATL, the world's largest electric vehicle (EV) battery maker, said on Friday its third-quarter profit nearly tripled year-on-year, buoyed by rapid expansion in production...
Oct 21, 2022
Google, Netflix under scrutiny in South Korea over network fees
By Joyce Lee SEOUL (Reuters) - South Korea's parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix and Alphabet's Google pay South Korean ne...
Oct 21, 2022
Snap crashes, drags peers, as dire forecast sparks ad growth fears
(Reuters) - Shares of Snap Inc sank about 25% before the bell on Friday, after the owner of photo messaging app Snapchat forecast zero revenue growth for the current quarter, triggering a slide in oth...
Oct 21, 2022
Telia cuts outlook as soaring energy costs eat into profit
By Supantha Mukherjee STOCKHOLM (Reuters) -Swedish telecom operator Telia on Friday trimmed its outlook for 2022 and 2023 citing high electricity costs that eroded its quarterly profit and said it exp...
Oct 21, 2022
Exclusive-Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
By Paul Lienert (Reuters) - The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw ma...
Oct 20, 2022
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
BENGALURU (Reuters) - Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on ...
Oct 20, 2022
Instacart pulls IPO on volatile market conditions – sources
By Anirban Sen and Krystal Hu (Reuters) - Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing vola...
Oct 20, 2022
