By Nivedita Bhattacharjee BENGALURU (Reuters) -Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold within the next decade – an effort boosted by the personal support of Prime Minister Narendra Modi. In the year after the country opened the way for private…
By Chavi Mehta, Sheila Dang and Dawn Chmielewski (Reuters) – Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet: “Excited to…
TAIPEI (Reuters) – Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier’s quarterly profit missed forecasts and it cited a big writedown from its stake in Japan’s Sharp Corp for the loss. The stock of Foxconn, the world’s largest contract electronics maker, slid 2.4% in early trade, while Sharp’s shares…
(Corrects syntax in headline) (Reuters) – NBCUniversal’s head of advertising, Linda Yaccarino, is in talks to become the new CEO of Twitter, the Wall Street Journal reported on Thursday, citing people familiar with the situation. (This story has been refiled to capitalize ‘Twitter’ in the headline) (Reporting by Urvi Dugar in Bengaluru; Editing by Shinjini…
(Reuters) -Binance.US and Changpeng Zhao, the crypto exchange’s founder and majority owner, have been exploring ways to reduce his stake in the company, the Information reported on Thursday, citing two people familiar with the matter. Zhao, who is also the CEO of Binance – the world’s biggest crypto exchange, has been trying to sell at…
By Mike Scarcella (Reuters) – Microsoft Corp on Friday will defend its $69 billion planned acquisition of “Call of Duty” maker Activision Blizzard Inc, in a private antitrust lawsuit in San Francisco federal court brought by video gamers who claim the deal will harm industry competition and should be stopped. At the hearing, U.S. District…
By Ricardo Brito BRASILIA (Reuters) -The head of Brazil’s electoral authority, Supreme Court Justice Alexandre de Moraes, delivered a stern warning to the world’s top tech companies on Wednesday, saying he would not let them undermine Brazil’s democracy. Moraes’ comments – which included the assertion that global tech giants “believe no jurisdiction in the world…
By Alvise Armellini and Elvira Pollina ROME (Reuters) -Italy’s antitrust agency AGCM said on Thursday it had opened a probe into U.S. technology giant Apple Inc for alleged abuse of its dominant position in the apps market. The watchdog said Apple penalised third-party app developers by imposing “a more restrictive privacy policy” than it applies…
By Katie Paul and Sheila Dang NEW YORK (Reuters) – Social media giant Meta Platforms Inc joined the generative AI product race on Thursday, saying it would begin testing artificial intelligence-powered ad tools that can create content like image backgrounds and variations of written text. A select group of advertisers will be invited to experiment…
NEW YORK (Reuters) – Robinhood Markets Inc said on Wednesday after markets closed that it would launch 24/5 trading for some stocks and exchange-traded funds (ETFs) next week, a move that taps into a growing trend of around-the-clock trading in equities. With the launch, Robinhood will be the first major U.S. retail broker to allow…
