Ericsson’s Core Profit Misses As Rising Costs Hit Margins
By Supantha Mukherjee STOCKHOLM (Reuters) – Ericsson, the Swedish telecoms equipment firm which is facing bribery investigations, reported a rise…
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Finnish Elevator Maker Kone Cuts 2022 Outlook After Weak China Sales
HELSINKI (Reuters) – Elevator maker Kone on Thursday lowered its sales and profit outlook for this year due to among…
U.S. Venture Capital Dealmaking Slows On Economic Uncertainty
(Reuters) – Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away…
Taiwan Says Foxconn Needs Govt Approval For Any China Chip Firm Investment
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, would need Taiwanese government permission if its unit were…
Hyundai Motor Launches First Electric Sedan, Taking On Tesla
By Heekyong Yang SEOUL (Reuters) – Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the…
Crypto Lender Celsius Files For Bankruptcy
(Reuters) -Crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim of a dramatic…
Tesla’s High-profile Autopilot Exec Departs
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Andrej Karpathy, a high-profile Tesla executive who played a key role in developing the…
Tesla AI Executive Leaving Company After 4-month Sabbatical
SAN FRANCISCO (Reuters) -Andrej Karpathy, senior director of artificial intelligence at Tesla Inc who has been on a four-month sabbatical,…
Wall St Ends Down As Hot Inflation Data Raises Odds Of Steep Fed Rate Hike
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed modestly lower on Wednesday after investors digested hotter-than-expected U.S. inflation…
EXPLAINER: What happens next in the Musk-Twitter saga?
In the latest twist in the Twitter-Elon Musk saga, the company has sued the billionaire Tesla CEO in an attempt…