Category Archives:
China smartphone sales rise to more than 70% of Russian market
(Reuters) - Chinese smartphones made up more than 70% of the Russian market in the first quarter of 2023, consumer electronics retailer M.Video-Eldorado said, up from around 50% last year. China's sma...
Apr 17, 2023
ECB told not to take banks’ word for it when assessing risk
FRANKFURT (Reuters) - The European Central Bank should stop relying on banks' self-assessments when setting capital requirements and do its own homework instead, independent experts said on Monday. It...
Apr 17, 2023
Freyr Battery teams up with Siemens on gigafactories
BERLIN (Reuters) - Luxembourg-based Freyr Battery sealed its partnership with Siemens at the Hannover Messe conference on Monday, making the German technology company its preferred supplier in automat...
Apr 17, 2023
ChatGPT’s AI to power Chegg study buddy as educators wrestle with tech
By Jeffrey Dastin (Reuters) - The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc. The U.S. ed...
Apr 17, 2023
M&T Bank Corp beats profit estimates as interest income doubles
(Reuters) - M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve's rapid rate hikes to tame high inflation boosted the lender's interest income. U.S...
Apr 17, 2023
Indonesia posts $8.7 billion Q1 budget surplus, stronger rupiah seen cutting deficit outlook
JAKARTA (Reuters) - Indonesia posted a 128.5 trillion rupiah ($8.69 billion) budget surplus in the first quarter on strong tax collection and the recent strengthening of the rupiah currency could help...
Apr 17, 2023
Tesla margins in focus as EV price war kicks into high gear
By Akash Sriram (Reuters) - Tesla Inc's first-quarter margins are anticipated to have hit a more than three-year low as the electric-vehicle maker slashed prices to lure more buyers in the face of ris...
Apr 17, 2023
Malaysia to review $3.9 billion settlement deal with Goldman Sachs – PM Anwar
KUALA LUMPUR (Reuters) - The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB finan...
Apr 17, 2023
Tencent says its self-developed video transcoding chip enters mass production
By Josh Ye HONG KONG (Reuters) - Chinese tech giant Tencent Holdings said on Monday its self-developed video transcoding chip Canghai has entered mass production and is currently supporting services f...
Apr 17, 2023
Analysis-Rocket startups face adapt-or-die moment amid investment drought
By Joey Roulette WASHINGTON (Reuters) - Demand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears...
Apr 17, 2023
Peoria, IL, USA
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