By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022…
By Elizabeth Pineau, Gilles Guillaume and Michel Rose PARIS – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card…
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Monday that revenue in May fell 9.5% year-on-year due to weakness in smart consumer electronics during the traditional low season. Foxconn, formally called Hon Hai Precision Industry Co Ltd, said revenue last month reached T$450.7…
SHANGHAI/SINGAPORE (Reuters) – Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoft-backed OpenAI chatbot. Quants’ focus on advanced artificial intelligence to aid decision-making comes amid a tough investment environment, as China’s post-COVID recovery wanes…
TOKYO (Reuters) – Japan’s service sector activity expanded at a record pace in May, a private-sector survey showed on Monday, thanks to a recovery in overseas demand and a surge of foreign tourists as pandemic restrictions were eased further. The final au Jibun Bank Japan Services purchasing managers’ index (PMI) rose to a seasonally adjusted…
(Reuters) – Meta Platform’s Instagram on Sunday lifted its suspension against the account of Robert F. Kennedy Jr., nephew of the late president John F. Kennedy, The Washington Post reported. Kennedy, who is making a long shot bid to challenge Biden for the Democratic nomination, was removed from the photo-sharing platform in 2021 for reportedly…
By Lisa Richwine and Maria Caspani (Reuters) -Hollywood’s major studios reached a tentative labor agreement with the union representing film and television directors, likely averting a work stoppage that would have piled pressure on media companies to settle with striking writers. The Directors Guild of America (DGA) will ask its 19,000 members to approve the…
(Reuters) -Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, in a role focusing on business operations, he told Reuters. Benarroch said in an email that he was looking forward to working with the company’s team to “build Twitter 2.0 together.” “Welcome to the flock, @benarroch_joe! From one bird to the next,” tweeted incoming…
By Xinghui Kok, Raju Gopalakrishnan and Greg Torode SINGAPORE (Reuters) – Senior officials from about two dozen of the world’s major intelligence agencies held a secret meeting on the fringes of the Shangri-La Dialogue security meeting in Singapore this weekend, five people told Reuters. Such meetings are organised by the Singapore government and have been…
By Foo Yun Chee BRUSSELS (Reuters) -A majority of EU countries have rejected a push by Europe’s big telecoms operators to force major tech companies such as Google to help fund the rollout of 5G and broadband in the region, people familiar with the matter said. At a meeting with EU industry chief Thierry Breton…
