Tag Archives: technology
Exclusive-China’s CATL slows battery investment plan for U.S., Mexico-sources
(Reuters) - Chinese battery giant CATL has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, t...
Oct 20, 2022
China’s YMTC denies reports it took part in meeting on chip curbs
SHANGHAI (Reuters) - Chinese chip maker YMTC denied media reports stating it participated in an emergency meeting held by China's industry ministry to discuss the impact of U.S. sanctions, according t...
Oct 20, 2022
U.S. weighs security review for Musk’s ventures, including Twitter deal – Bloomberg News Reporter Tweet
(Reuters) - Biden Administration officials are discussing whether the United States should subject some of Tesla Inc Chief Executive Officer Elon Musk's ventures to national security reviews, a Bloomb...
Oct 20, 2022
Foxconn imposes restrictions on iPhone assembly plant in China’s Zhengzhou – SCMP
(Reuters) - Taiwan's Foxconn has imposed tough COVID-19 control restrictions on its plant in the Chinese city of Zhengzhou that assembles Apple Inc's iPhone, the South China Morning Post reported on F...
Oct 20, 2022
Mexican cable provider Megacable to invest $2 billion over 5 years
MEXICO CITY (Reuters) - Mexican pay TV, internet and telephone provider Megacable will invest $2 billion over the next five years to expand its network and grow to new cities, the company said in a re...
Oct 20, 2022
SoftBank creates committee to oversee Vision Fund 2 – memo
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp has created an executive committee to oversee its second Vision Fund, Latin America funds and any future funds, its founder and Chief Executive Masa...
Oct 20, 2022
Meta, Alphabet, Pinterest shares shudder on Snap warning
By Noel Randewich (Reuters) - Shares of Meta Platforms, Google-owner Alphabet and other companies that sell digital ads dropped late on Thursday after Snapchat owner Snap Inc blamed inflation for its ...
Oct 20, 2022
Meta refuses to give up on campaign to disqualify FTC chair
By Alison Frankel (Reuters) - Meta Platforms Inc has almost no chance of barring the chair of the U.S. Federal Trade Commission, Lina Khan, from participation in the FTC's challenge to Meta's planned ...
Oct 20, 2022
Snap shares tank as inflation hurts ad spending
By Sheila Dang (Reuters) -Snap Inc on Thursday posted its slowest revenue growth since going public five years ago as advertisers cut spending amid rising inflation and the war in Ukraine. Shares of S...
Oct 20, 2022
Truphone to pay $600,000 U.S. fine, ensure Russian ownership divested
By David Shepardson WASHINGTON (Reuters) - The parent company of a small Montana wireless carrier will pay a $600,000 fine and ensure that any ownership interests by Russian investors is divested, a U...
Oct 20, 2022
