By Hyunjoo Jin SAN FRANCISCO (Reuters) – Volkswagen said on Thursday that it plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas b[...]
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Technology
Metaverse has set off no alarms or need for controls yet – EU’s Vestager
By Foo Yun Chee BRUSSELS (Reuters) -The metaverse, shared virtual worlds accessible through the internet, has not triggered any concerns so far or the need for legislation to rein it in, EU antitrust[...]
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Startup e-commerce platform Temu expands to Japan
SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister sit[...]
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Bitcoin hits 13-month high
LONDON (Reuters) – Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500. The world’s largest cryptocurrency has recently found support due to plans by[...]
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Samsung profit likely lowest in more than 14 years as chip glut persists
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive la[...]
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China’s chipmaking export curbs ‘just a start’, Beijing adviser warns before Yellen visit
BEIJING/SHANGHAI (Reuters) -China’s export controls on metals used in semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as Beijing ram[...]
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Biden administration appeals ban on social media contacts
By Tyler Clifford and Sharon Bernstein (Reuters) – The Biden administration on Wednesday appealed a federal judge’s ruling restricting some agencies and officials from meeting and communic[...]
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CFTC investigators conclude Celsius, ex-CEO broke rules – Bloomberg News
(Reuters) -Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm’s implo[...]
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Stellantis wins bigger subsidies for Canada battery plant
By Steve Scherer and Costas Pitas (Reuters) -Stellantis-LG Energy Solution (LGES) will resume construction of an electric-vehicle battery plant in Canada after the federal government and province of O[...]
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