Technology News

Tesla registers Shanghai electric car firm ahead of ownership rule change

SHANGHAI (Reuters) - Tesla Inc has registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle (NEV) ventures. FILE PHOTO: A man looks at a Tesla Model S car at its showroom in Beijing, China January 29, 2014. REUTERS/Kim Kyung-Hoon/File PhotoThe new company, Tesla (Shanghai) Co Ltd, was registered on May 10, according to a filing with the Nation...

14 May 10:36 AM 0 Read More...

ZTE employees in China cheer Trump tweet

HONG KONG (Reuters) - Employees of ZTE Corp, the Chinese telecom equipment maker, are cheering a tweet by U.S. President Donald Trump that suggested a resolution is in sight for a devastating ban on sales to the Chinese company. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. REUTERS/Stringer In an unexpected reversal of a hardline U.S. stance on the issue, Trump said on Tw...

14 May 7:54 AM 0 Read More...

Two Singaporean online marketplace startups raise fresh funds

SINGAPORE (Reuters) - Singapore’s Carousell, a classifieds marketplace, said on Monday that it raised $85 million in funds from investors including DBS Group Holdings Ltd, the city-state’s biggest lender. The funding round was co-led by Japanese e-commerce company Rakuten’s fund, Rakuten Ventures, and Singapore’s EDBI. Existing investors 500 Startups, Golden Gate Ventures and Sequoia India also participated i...

14 May 3:21 AM 0 Read More...

HSBC says performs first trade finance transaction using blockchain

HONG KONG (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. The HSBC headquarters is seen in the Canary Wharf financial district in east London, Britain February 15, 2016. REUTERS/Hannah McKayHSBC and Dutch ...

14 May 1:06 AM 0 Read More...

Tesla executive Schwall joins Alphabet's Waymo

(Reuters) - Alphabet Inc’s self-driving unit, Waymo, said on Sunday that Matthew Schwall had joined the company from Tesla Inc where he was the electric carmaker’s main technical contact with U.S. safety investigators. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermidThe company confirmed the move ea...

13 May 11:37 PM 0 Read More...

Tesla executive Schwall leaves for Alphabet's Waymo: WSJ

(Reuters) - Tesla Inc’s main technical contact with U.S. safety investigators, Matthew Schwall, has left the electric carmaker for Alphabet Inc’s self-driving unit Waymo, the Wall Street Journal reported on Saturday, citing people familiar the decision. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDer...

13 May 9:36 PM 0 Read More...

In concession, Trump will help China's ZTE 'get back into business'

WASHINGTON (Reuters) - U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department to help Chinese technology company ZTE Corp “get back into business, fast,” a concession to Beijing ahead of high-stakes trade talks that will take place this week. FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo...

13 May 5:53 PM 0 Read More...

Trump working with President Xi to help restart China's ZTE

WASHINGTON (Reuters) - U.S. President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.” FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo “President Xi of China, and I, are working together to give massive Chinese ph...

13 May 4:08 PM 0 Read More...

U.S. court revives challenge to Seattle's Uber, Lyft union law

(Reuters) - A U.S. appeals court on Friday revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc UBER.UL and Lyft to unionize. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme/File PhotoThe Sa...

11 May 6:56 PM 0 Read More...

Apple is almost a $1 trillion company, but watch out for Amazon

SAN FRANCISCO (Reuters) - Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. FILE PHOTO - Tim Cook, CEO, speaks about Amazon during Apple's annual world wide developer conference (WWDC) in San Jose, California, U.S. June 5, 2017. REUTERS/Stephen Lam/File PhotoStarted in the garage of co-founder ...

11 May 5:14 PM 0 Read More...