Apple slashes sales estimates of its headset – Bloomberg News
(Reuters) – Apple Inc has lowered sales estimates for its long-awaited mixed-reality headsets by about two-thirds, Bloomberg News reported on…
Technology
Alibaba misses revenue estimate, approves cloud unit spinoff
(Reuters) – China’s Alibaba Group Holding Ltd posted a 2% rise in quarterly revenue that missed expectations on Thursday and…
Grab’s soft delivery sales overshadow improving bottomline
(Reuters) – Grab Holdings Ltd said on Thursday that an early Ramadan weighed on sales at its delivery business, taking…
Analysis-GM’s 2025 EV output could be crimped by battery bottleneck
By Paul Lienert (Reuters) – General Motors has said it will have the capacity to build 1 million electric vehicles…
Panasonic plans multiple new battery factories in North America by 2030
TOKYO (Reuters) -Japan’s Panasonic Holdings Corp aims to ramp up production of battery cells used in electric vehicles by building…
Tesla held talks with India on auto incentives, battery making -source
By Aditi Shah, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -Tesla Inc has held discussions with officials about incentives…
Mexico’s Kavak sets sights on capturing 5% of Colombia used-car market
(Refiles to fix author reporting credit) By Nelson Bocanegra BOGOTA (Reuters) -Mexican used-car platform Kavak has opened a vehicle reconditioning…
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
By Paul Sandle LONDON (Reuters) -BT Group, Britain’s biggest broadband and mobile provider, will cut up to 55,000 jobs including…
China reopening, earnings rebound to boost North Asian equities -investors
By Anisha Sircar and Divya Chowdhury (Reuters) – Equity markets in North Asia will outperform the broader region this year,…
Toyota, partners to start selling electric micro-vans by March 2024
TOKYO (Reuters) – Toyota Motor Corp and two allied automakers unveiled a micro-sized electric van targeted at Japan’s delivery industry…