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November 30, 2021

EF:TECHNOLOGY-DISRUPTED

China demands Tencent submit new apps and updates to inspection – Yicai

Reuters
A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to reuters.com Register SHANGHAI, Nov 24 (Reuters) – China has required Tencent Holdings (0700.HK) submit any new......

Starbucks links with Amazon Go for first cashier-less cafe

Reuters
NEW YORK, Nov 18 (Reuters) – Starbucks Corp’s (SBUX.O) newest cafe lacks one element most customers are used to seeing: cashiers. The global coffee chain on Thursday opened its first ever location in partnership with Amazon Go (AMZN.O), the e-commerce giant’s brick-and-mortar convenience store, where customers can sit at a......

Volkswagen powers up the grid to take on Tesla

Reuters
VW’s EV infrastructure chief has power industry background VW betting on rapid expansion of fast-charging network VW playing catch-up with U.S. EV pioneer Tesla FRANKFURT/DUESSELDORF, Nov 17 (Reuters) – Volkswagen (VOWG_p.DE) plans to double staff numbers at its charging and energy division, roll out new payment technology next year and......

North American companies rush to add robots as demand surges

Reuters
Robots are seen inside the Ocado warehouse in Erith, London, Britain, October 13, 2021. REUTERS/Paul Childs/File Photo Nov 11 (Reuters) – Companies in North America added a record number of robots in the first nine months of this year as they rushed to speed up assembly lines and struggled to......

Japan’s Subaru unveils first all-electric car, developed with Toyota

Reuters
Subaru Corp. President and CEO Tomomi Nakamura stands next to the first all-electric vehicle (EV) Solterra during an unveiling event in Tokyo, Japan November 11, 2021, in this photo taken by Kyodo. Mandatory credit Kyodo/via REUTERS TOKYO, Nov 11 (Reuters) – Japan’s Subaru Corp (7270.T) on Thursday unveiled its first......

NASA, SpaceX launch ‘Crew 3’ astronauts to orbit on flight to space station

Reuters
CAPE CANAVERAL, Fla., Nov 10 (Reuters) – NASA and private rocket company SpaceX launched four astronauts into orbit late on Wednesday en route to the International Space Station, including a veteran spacewalker and two younger crewmates chosen to join NASA’s future lunar missions. The SpaceX-built launch vehicle, consisting of a......

Exclusive: Global carmakers now target $515 billion for EVs, batteries

Reuters
Nov 10 (Reuters) – Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Less than three years......

Is your electric car as eco-friendly as you thought?

Reuters
Electric car sales rising faster in Europe than other regions Carbon saving of EVs depends on grid makeup and time of charging Switzerland has best record, Poland and Kosovo worst Using sun and wind energy for daylight charging saves more BERLIN, Nov 10 (Reuters) – Electric vehicles (EVs) are a......

EV maker Rivian prices IPO above range to raise over $11.9 bln

Reuters
NEW YORK, Nov 9 (Reuters) – Amazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise more than $11.93 billion, the company said on Tuesday. The flotation ranks among the top 10 IPOs of all time......

Robinhood says email addresses of 5 mln customers exposed in security breach

Reuters
Nov 8 (Reuters) – Robinhood Markets Inc (HOOD.O) said on Monday a third party had obtained access to the email addresses of about five million of its customers. The fee-free broker said the full names of a different group of about two million people were also exposed in the breach,......

EV maker Rivian boosts IPO price range, aims for $65 bln valuation

Reuters
Nov 5 (Reuters) – Rivian Automotive, backed by Amazon.com Inc (AMZN.O), on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion in its initial public offering. It had earlier this week aimed for a......

Pinterest sees strong sales as ad spending booms in holiday rush

Reuters
Pinterest app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Nov 4 (Reuters) – Pinterest Inc (PINS.N) forecast fourth-quarter revenue growth in the high-teens percentage range, after online retailers splurging on ads before the holiday season helped the image-sharing company beat quarterly estimates.......

Uber posts operating profit but forecast lags Lyft, analyst targets

Reuters
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted......

Who’s building the metaverse? | Reuters

Reuters
Nov 1 (Reuters) – Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet. The metaverse broadly refers to the idea of a shared virtual platform that people can access through......

Tesla opens charging network to other EVs for the first time

Reuters
A Tesla Supercharger station is seen in Dietikon, Switzerland October 21, 2020. REUTERS/Arnd Wiegmann/File Photo Nov 1 (Reuters) – Tesla Inc (TSLA.O) is opening its charging network to other electric cars for the first time with a pilot program in the Netherlands, as the world’s most valuable carmaker looks to......

Microsoft to work with community colleges to fill 250,000 cyber jobs

Reuters
A Microsoft logo is seen in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson Oct 28 (Reuters) – Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years. Microsoft said it will......

Apple results hit by supply chain woes, Cook says holiday quarter impact will be worse

Reuters
Oct 28 (Reuters) – Supply chain woes cost Apple Inc (AAPL.O) $6 billion in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter. Cook told Reuters on Thursday......

Amazon’s holiday-quarter forecast disappoints as labor, supply issues mount

Reuters
The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid Oct 28 (Reuters) – Amazon.com Inc (AMZN.O) on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as heavy spending to maintain delivery......

Facebook changes its company name to Meta

Reuters
Facebook Chairman and CEO Mark Zuckerberg addresses the audience on “the challenges of protecting free speech while combating hate speech online, fighting misinformation, and political data privacy and security,” at a forum hosted by Georgetown University’s Institute of Politics and Public Service (GU Politics) and the McCourt School of Public......

EBay revenue outlook disappoints as pandemic-led boom fades

Reuters
The eBay logo is pictured on a phone screen in this photo illustration July 23, 2019. REUTERS/Brendan McDermid/Illustration Oct 27 (Reuters) – EBay Inc (EBAY.O) on Wednesday projected holiday-quarter revenue below market expectations, another sign that the online shopping boom fueled by the pandemic was tapering as consumers returned to......

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