Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Deliveroo says full-year revenue will be at lower end of range
LONDON (Reuters) - British food delivery company Deliveroo guided to full-year revenue at the lower end of its range due to the squeeze on consumer budgets. Full-year gross transaction value (GTV) gro...
Oct 21, 2022
Exclusive-Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
By Paul Lienert (Reuters) - The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw ma...
Oct 20, 2022
Walmart-backed PhonePe in talks to raise funds at $12 billion valuation- Moneycontrol
BENGALURU (Reuters) - Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion, financial news website Moneycontrol reported on ...
Oct 20, 2022
Instacart pulls IPO on volatile market conditions – sources
By Anirban Sen and Krystal Hu (Reuters) - Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing vola...
Oct 20, 2022
Exclusive-China’s CATL slows battery investment plan for U.S., Mexico-sources
(Reuters) - Chinese battery giant CATL has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, t...
Oct 20, 2022
China’s YMTC denies reports it took part in meeting on chip curbs
SHANGHAI (Reuters) - Chinese chip maker YMTC denied media reports stating it participated in an emergency meeting held by China's industry ministry to discuss the impact of U.S. sanctions, according t...
Oct 20, 2022
U.S. weighs security review for Musk’s ventures, including Twitter deal – Bloomberg News Reporter Tweet
(Reuters) - Biden Administration officials are discussing whether the United States should subject some of Tesla Inc Chief Executive Officer Elon Musk's ventures to national security reviews, a Bloomb...
Oct 20, 2022
Foxconn imposes restrictions on iPhone assembly plant in China’s Zhengzhou – SCMP
(Reuters) - Taiwan's Foxconn has imposed tough COVID-19 control restrictions on its plant in the Chinese city of Zhengzhou that assembles Apple Inc's iPhone, the South China Morning Post reported on F...
Oct 20, 2022
Mexican cable provider Megacable to invest $2 billion over 5 years
MEXICO CITY (Reuters) - Mexican pay TV, internet and telephone provider Megacable will invest $2 billion over the next five years to expand its network and grow to new cities, the company said in a re...
Oct 20, 2022
SoftBank creates committee to oversee Vision Fund 2 – memo
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp has created an executive committee to oversee its second Vision Fund, Latin America funds and any future funds, its founder and Chief Executive Masa...
Oct 20, 2022
