(Reuters) – Shares of Dutch chipmaker NXP Semiconductors (NXPI.O) fell 4.4 percent on Tuesday after executives outlined their strategy after the collapse this year of a proposed merger with Qualcomm Inc (QCOM.O) but said they did not expect to raise gross margins to the level of rivals like Intel Corp (INTC.O). FILE PHOTO: A man
(Reuters) – Tesla Inc (TSLA.O) will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production. FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California,
VLADIVOSTOK, Russia (Reuters) – China’s largest e-commerce firm, Alibaba Group Holding Ltd has joined forces with a state fund and two technology firms in Russia, hoping that access to their client base of more than 100 million people will boost its development. The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou,
TOKYO (Reuters) – Japanese chipmaker Renesas Electronics Corp (6723.T) said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc (IDTI.O) for about $6.7 billion, aiming to boost its expertise in self-driving car technologies. Renesas Electronics Corp’s logo is seen on its product at the company’s conference in Tokyo, Japan, April 11,
SINGAPORE (Reuters) – China’s transport ministry said on Monday it will conduct checks on the ride-hailing industry through the end of this year as it tries to revamp the fast-growing sector beset with safety issues sparked by a murder case involving a Didi driver. A Didi Chuxing driver checks the information on the application in
NEW YORK (Reuters) – New York state on Monday approved Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stablecoins to get the nod from the region’s regulator. FILE PHOTO – Entrepeneurs Tyler and Cameron Winklevoss arrive at the Metropolitan Museum of Art Costume Institute Gala (Met Gala) to celebrate the opening
(Reuters) – Snap Inc said on Monday its Chief Strategy Officer, Imran Khan, would step down. FILE PHOTO – Snap Inc. chief strategy officer, Imran Khan, takes a photograph on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO in New York, U.S., March 2, 2017.
BEIJING (Reuters) – Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news conference in Hong Kong, China, June 25, 2018.
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing “a lack of current, consistent and accurate information.” FILE PHOTO – High-end graphic cards are installed in a cryptocurrency mining computer at a computer mall in Hong Kong, China
(Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana and wielding a sword on a webcast, just hours before the automaker said its recently-appointed accounting chief would leave, the latest in a string of unusual behavior and executive departures that have stunned investors. Shares of the electric carmaker tumbled more than 6
DUBAI (Reuters) – Middle East ride-hailing firm Careem said on Sunday it had started a service in Sudan, one of few international companies to enter the country since U.S. economic sanctions were lifted last year. FILE PHOTO: An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West
JAKARTA (Reuters) – Indonesian ride-hailing and online payment company Go-Jek has invested in digital media startup Kumparan as part of its expansion into online content, it said. A Go-Jek driver rides a motorcycle on a street in Jakarta, Indonesia, December 15, 2017. REUTERS/Beawiharta Go-Jek, whose backers include Alphabe Inc’s Google and China’s Tencent Holdings, has
MOSCOW (Reuters) – Google removed a YouTube advert by Russian opposition leader Alexei Navalny after authorities complained that the videos would violate an election silence law before Sunday’s vote for regional governors, an aide to Navalny said on Saturday. FILE PHOTO: Russian opposition leader Alexei Navalny attends a rally in protest against court decision to
VIENNA (Reuters) – A European Union tax overhaul to raise levies on large digital firms needs a thorough debate although an agreement could still be found by the end of the year, Germany’s Finance Minister Olaf Scholz said on Saturday. FILE PHOTO: German Finance Minister and vice-chancellor Olaf Scholz attends the weekly cabinet meeting in
VIENNA (Reuters) – Germany called for more time to agree a European Union tax overhaul to raise levies on large digital firms, although its Finance Minister Olaf Scholz said a solution was needed soon. FILE PHOTO: German Finance Minister and vice-chancellor Olaf Scholz attends the weekly cabinet meeting in Berlin, Germany August 1, 2018. REUTERS/Joachim
WASHINGTON (Reuters) – Media reports that the U.S. Air Force is reviewing the security clearance of Elon Musk, the chief executive of automaker Tesla Inc are inaccurate, U.S. Air Force spokesperson Captain Hope Cronin said on Friday. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, arrives at the