BRUSSELS (Reuters) – EU antitrust chief Margrethe Vestager will hold a news conference on an antitrust case at 1045 GMT, the European Commission said on Wednesday without providing details. Vestager is expected to focus on alleged anti-competitive practices by Alphabet’s Google in its digital advertising business, a person familiar with the matter has previously told…
(Reuters) – Russian state entity NAMI said on Wednesday it had acquired a 100% stake in a factory producing anti-lock brakes and other systems for cars that was formerly owned by German technology group Robert Bosch. NAMI, Russia’s Central Automobile and Engine Research and Development Institute, has been snapping up assets from global carmakers that…
BEIJING (Reuters) – China’s industry minister met Siemens’ chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transformation of small and medium-sized enterprises, the ministry said. The minister, Jin Zhuanglong, said the Chinese government attaches great importance to promoting the deep integration of the digital economy, according to a statement…
AMSTERDAM (Reuters) – Technology investor Prosus on Wednesday said its profit dropped significantly last year due to impairments and lower contributions from its biggest holding, Chinese software and gaming giant Tencent. Prosus said it expected earnings per share to have fallen by 40% to 47% in the year through March 2023 as Tencent was hit…
(Reuters) – Toyota Motor said this week it will adopt a technology Tesla pioneered known as “Gigacasting” as part of a strategy by the Japanese automaker to improve the performance – and lower the cost – of future electric vehicles (EVs). Toyota is not alone in following Tesla’s breakthrough. Here’s a look at Gigacasting and…
(Reuters) -Tesla Inc slightly increased the price of its Model Y electric vehicle in the United States on Tuesday, according to its website. The company increased the price of the variant by a mere $250, bringing it to $47,740, the website showed, while the prices for the other variants remained unchanged in the U.S. This…
(Reuters) – Thousands of popular Reddit communities dedicated to topics ranging from Apple Inc to gaming and music locked out their users on Monday in protest against the company’s plan to charge for access to its data. Starting next month, third-party app developers using Reddit’s vast troves of data will have to pay a price…
(Reuters) -Cryptocurrency exchange Binance has not sold either bitcoin or Binance Coin, its native token, the company’s CEO Changpeng Zhao tweeted on Tuesday. Last week, Binance was sued by the U.S. Securities and Exchange Commission, which listed 13 charges against the company, Zhao and the operator of its purportedly independent U.S. exchange. The lawsuits against…
By Stephen Nellis and Chavi Mehta (Reuters) -Advanced Micro Devices Inc on Tuesday gave new details about an artificial intelligence chip that will challenge market leader Nvidia Corp , but the company left out what Wall Street wanted to know – who plans to buy it. Santa Clara, California-based AMD said the forthcoming chip, which…
By Samrhitha A and Chavi Mehta (Reuters) – Amazon.com said cloud services offered by its unit, Amazon Web Services (AWS), were restored after a big disruption on Tuesday affected websites of the New York Metropolitan Transportation Authority and the Boston Globe among others. Several hours after Downdetector.com started showing reports of outages, Amazon said, “the…
