Technology News

The uphill road: battery limitations to test China's electric vehicle ambitions

BEIJING/DETROIT (Reuters) - It took one 330 kilometer trip from Chongqing to Chengdu in his Nio ES8, a seven-seater all-electric SUV, for its owner Wang Haichun to be consumed with buyer’s remorse. Despite being billed as capable of going 335 km on a single full charge, the ES8 didn’t get anywhere near that when driving on freeways at speeds above 100 km per hour (60mph), he said, adding that after 180 km, there ...

16 Apr 2:56 AM 0 Read More...

Daimler to launch electric compact SUV in 2021: CEO

SHANGHAI (Reuters) - Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker’s CEO said on Tuesday. Dieter Zetsche made the comments at a press conference on the sidelines of the Shanghai Autoshow. Reporting by Edward Taylor; Writing by Brenda Goh; Editing by Christopher Cushing...

16 Apr 2:28 AM 0 Read More...

Huawei secured 40 5G commercial contracts by end-March

HONG KONG (Reuters) - China’s Huawei Technologies Co Ltd said on Tuesday it had secured 40 commercial contracts to build and operate fifth-generation (5G) telecommunications infrastructure as at the end of March, up from a previously disclosed tally of more than 30. Rotating Chairman Ken Hu was speaking at the firm’s annual global analyst summit at its headquarters in Shenzhen in southern China. Reporting by Siji...

16 Apr 1:52 AM 0 Read More...

Foxconn says Gou will remain chairman, to withdraw from daily operations

TAIPEI (Reuters) - Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said Terry Gou will remain chairman of the world’s largest contract manufacturer, though he plans to withdraw from daily operations. The comment came after Reuters reported that Gou said he planned to step down in coming months to allow younger talent to move up the tech firm’s ranks. “His wish is to withdraw from daily operations aft...

16 Apr 1:20 AM 0 Read More...

Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion

(Reuters) - Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday. The sale of AT&T’s 9.5 percent stake to Hulu in a cash deal gives Walt Disney Co, which holds a 60 percent stake in Hulu via a joint venture, more control of the company. Comcast Corp’s NBCUniversal ...

16 Apr 12:54 AM 0 Read More...

Hulu buys back AT&T's stake in $1.43 billion deal

(Reuters) - Hulu is buying back wireless carrier AT&T Inc’s 9.5 percent stake in the streaming service company in a deal valued at $1.43 billion, the two companies said on Monday. The transaction valued Hulu at $15 billion. The company, which competes with Netflix Inc and Amazon.com’s Prime Video, has more than 25 million subscribers and is expected to lose $1.5 billion in the current fiscal year. AT&T di...

15 Apr 10:09 PM 0 Read More...

U.S. to press allies to keep Huawei out of 5G in Prague meeting: sources

WASHINGTON/LONDON (Reuters) - The United States will push its allies at a meeting in Prague next month to adopt shared security and policy measures that will make it more difficult for China’s Huawei to dominate 5G telecommunications networks, according to people familiar with the matter and documents seen by Reuters. The event and broader U.S. campaign to limit the role of Chinese telecommunications firms in the ...

15 Apr 8:01 PM 0 Read More...

France to ask EU partners to adopt its cryptocurrency regulation

PARIS (Reuters) - France will push for the European Union to adopt a regulatory framework on cryptocurrencies similar to the one it brought in last week at a national level, becoming the first major country to do so, French Finance Minister Bruno Le Maire said on Monday. The French parliament last week approved a financial sector law that included rules aimed at tempting cryptocurrency issuers and traders to set up ...

15 Apr 6:05 PM 0 Read More...

Spotify prompts Nordic pension funds to add private equity to playlists

STOCKHOLM/LONDON (Reuters) - A vibrant start-up scene, which has spawned stars such as Spotify, Skype and Rovio, is inspiring Nordic pension funds to invest more money with local private equity funds. Managers looking to pump up their pension returns hope that this will plug them into the Nordic business world’s inner circle and help them to back the best prospects early on. “With Spotify we got a call that maybe...

15 Apr 4:10 PM 0 Read More...

Nano Dimension sees sharp growth on increasing demand for 3D printing

NESS ZIONA, Israel (Reuters) - Nano Dimension, a pioneer in 3D printers for circuit boards, expects to keep up a steep rate of sales growth while reducing its cash burn as it taps demand from new sectors such as defense and space exploration, the company’s leaders said. The Israel-based firm, facing possible expulsion from its secondary listing on Nasdaq after a huge fall in its shares since their 2016 peak, is pin...

15 Apr 3:45 PM 0 Read More...