Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
China will require online ride hailing firms to submit real-time data
BEIJING (Reuters) - China's transport ministry said on Friday that it will require online ride hailing firms to submit real-time data, the latest measure regulatory authorities have taken to strengthe...
Jul 22, 2022
Despite Didi’s $1.2 billion fine, China tech’s regulatory woes may not be over
By Josh Ye, Eduardo Baptista and Yingzhi Yang HONG KONG/BEIJING (Reuters) - China's $1.2 billion fine on Didi Global draws a line under the ride hailing company's regulatory woes, but the retroactive ...
Jul 22, 2022
Northvolt and Stora Enso to develop batteries from forestry byproduct
HELSINKI (Reuters) - Swedish battery maker Northvolt and Finnish-Swedish forestry company Stora Enso are trying to develop batteries from forestry byproduct lignin, the companies said on Friday. A par...
Jul 22, 2022
Tietoevry mulls spin-off of banking unit
(Reuters) - Finnish IT services provider Tietoevry said on Friday it had started a strategic review of its banking business, which could result in the separation and listing of the unit. The business,...
Jul 22, 2022
Snap’s report incinerates $80 billion in ad industry market cap
By Noel Randewich (Reuters) - Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap...
Jul 21, 2022
Snap misses revenue targets as growing competition slows growth, shares fall
By Sheila Dang (Reuters) -Snap Inc missed second-quarter revenue targets on Thursday as record-high inflation and increasing competition from rival apps like TikTok hurt advertising demand, but it rep...
Jul 21, 2022
Analysis-‘Unknowns’ delay Tesla’s ramp-up of its own cutting-edge batteries
By Hyunjoo Jin SAN FRANCISCO (Reuters) - Tesla Inc is falling short of CEO Elon Musk's target to make its own next-generation batteries, sparking questions over the top electric car maker's ability to...
Jul 21, 2022
Alfa will not give financial backing to Axtel in spin-off -CFO
MEXICO CITY (Reuters) - Mexican conglomerate Alfa will not provide any financial guarantees to its telecommunications unit Axtel during the subsidiary's spin-off process, Alfa's top financial officer ...
Jul 21, 2022
Factbox-Amazon’s healthcare journey, from telehealth to cancer research
(Reuters) - Since 2018, Amazon.com Inc has amassed healthcare businesses from telehealth and drug delivery to fitness trackers and cancer research. On Thursday, the ecommerce giant agreed to buy prima...
Jul 21, 2022
Chile’s first electric bus factory aims to ease fossil fuel dependency
SANTIAGO (Reuters) - Electric buses built by a Chilean company are now operating in the world's top copper-producing nation, as the country seeks ways to reduce its use of fossil fuels and achieve its...
Jul 21, 2022
