Collections: Technology

South Korea’s LGES to Resume Arizona Battery Factory Plan With $5.6 Billion Investment

24Mar

By Jobber WikiNo Comments

News

South Korea’s LGES to Resume Arizona Battery Factory Plan With $5.6 Billion Investment

SEOUL (Reuters) - South Korea's LG Energy Solution Ltd (LGES) said on Friday it would invest 7.2 trillion won ($5.58 billion) to build a battery factory in Arizona, reviving a project paused last year due to adverse economic conditions.The world's third-ranked electric vehicle battery maker, which supplies Tesla Inc, Lucid Group Inc and other automakers, in June said it was reassessing what was then a 1.7 trillion won investment plan due to "unprecedented" economic conditions, just three months the plan's initial unveiling.Friday's announcement comes after LGES in January said it had been in "active discussion" with Tesla and electric vehicle startups to supply batteries from the proposed factory.(Reporting by Heekyong Yang and Hyunsu Yim; Editing by Christopher Cushing)Copyright 2023 T...

Musk Taunts Wheelchair-Bound Twitter Employee He Laid Off

7Mar

By Jobber WikiNo Comments

News

Musk Taunts Wheelchair-Bound Twitter Employee He Laid Off

SAN FRANCISCO (AP) — If you're not told you are fired, are you really fired? At Twitter, probably.Haraldur Thorleifsson, who until recently was employed at Twitter, logged in to his computer last Sunday to do some work — only to find himself locked out, along with 200 others.Instead, after nine days of no answer from Twitter as to whether or not he was still employed, Thorleifsson decided to tweet at Musk to see if he could catch the billionaire's attention and get an answer to his Schrödinger’s job situation.“Maybe if enough people retweet you’ll answer me here?” he wrote on Monday.Political CartoonsEventually, he got his answer after a surreal Twitter exchange with Musk, who proceeded to quiz him about his work, question his disability and need for accommodations (Thorleifsson has mus...

Website Creator Wix.com Sees Strong Sales in 2023 After Q4 Profit

22Feb

By Jobber WikiNo Comments

News

Website Creator Wix.com Sees Strong Sales in 2023 After Q4 Profit

JERUSALEM (Reuters) - Wix.com, which helps small businesses build and operate websites, said on Wednesday it swung to a profit in the fourth quarter and forecast 9-11% growth in revenue in 2023.The Israeli company said it earned 61 cents per share excluding one-time items, compared with a loss of 34 cents per share a year earlier. Revenue grew 6% to $355 million and was up 9% to $1.4 million in all of 2022.Wix was forecast to earn 9 cents a share ex-one off items on revenue of $352 million, according to data from Refinitiv."While internet growth is currently reverting back to the pre-pandemic trendline, we believe there are still many years of significant expansion ahead," said CEO Avishai Abrahami.Wix said it was implementing further cost saving measures, and expected total savings of ...

NBA, Ant Group Launch Strategic Partnership in China

20Feb

By Jobber WikiNo Comments

News

NBA, Ant Group Launch Strategic Partnership in China

SHANGHAI (Reuters) - Chinese fintech giant Ant Group said on Tuesday it has entered a strategic partnership with the NBA league in China that will see the two cooperate in areas such as video content, program broadcasting and membership.Ant made the announcement on its official WeChat account.(Reporting by Brenda Goh and Roxanne Liu; Editing by Tom Hogue)Copyright 2023 Thomson Reuters. Source link

Rovio Posts Q4 Profit Drop, Says Mobile Game Market Shrank Last Year

9Feb

By Jobber WikiNo Comments

News

Rovio Posts Q4 Profit Drop, Says Mobile Game Market Shrank Last Year

(Reuters) - Finnish game maker Rovio, best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever."The market normalised after supercharged growth during the onset of COVID-19 in 2020 and 2021, when the global market grew annually by 30.1% and 12.5%, respectively," the company said in its financial statement.Rovio, which is currently the target of a takeover offer from larger U.S.-listed rival Playtika, said game developers' revenue was also dented by privacy changes on Apple's iPhone."Apple's App Tracking Transparency (ATT) framework has heavily impacted game publishers' ability to target high-value players," the gamemaker said.Rovio reported a 55% decline to 5.9 million eur...

YouTube Says Homepage Back up After Brief Outage

8Feb

By Jobber WikiNo Comments

News

YouTube Says Homepage Back up After Brief Outage

(Reuters) - Alphabet Inc's YouTube said on Wednesday its homepage was back up, after saying earlier that it was down for some users.The company did not disclose the number of users affected from the outage."The YouTube Homepage should be back for all of your video needs", YouTube said.Data on Downdetector showed that at the peak of the outage, more than 60,000 user reports had indicated issues with the video sharing app in the United States alone by 07:20 PM ET. The number of reports have now come down to 700.Downdetector tracks outages by collating status reports from several sources, including user-submitted errors on its platform.Meta Inc's social media apps and Elon Musk-owned Twitter were also facing problems on Wednesday. Meta's Facebook and Instagram were down for thousands of us...

Microsoft Teams Down for Thousands of Users in India

25Jan

By Jobber WikiNo Comments

News

Microsoft Teams Down for Thousands of Users in India

(Reuters) - Microsoft Corp's Teams app was down for thousands of users in India on Wednesday, according to outage tracking website Downdetector.com.The website, which tracks outages through a range of sources including user reports, showed there were more than 1,800 incidents of people reporting issues with Microsoft Teams in India.Microsoft did not immediately respond to a Reuters request for comment.(Reporting by Akriti Sharma in Bengaluru; Editing by Sherry Jacob-Phillips)Copyright 2023 Thomson Reuters. Source link

EU Inaugurates First Mainland Satellite Launch Port

13Jan

By Jobber WikiNo Comments

News

EU Inaugurates First Mainland Satellite Launch Port

KIRUNA, Sweden (AP) — The European Union wants to bolster its capacity to launch small satellites into space with a new launchpad in Arctic Sweden.European officials and Swedish King Carl XVI Gustaf inaugurated the EU's first mainland orbital launch complex on Friday during a visit to Sweden by members of the European Commission, which is the 27-nation bloc's executive arm.The new facility at Esrange Space Center near the city of Kiruna should complement the EU’s current launching capabilities in French Guiana.European Commission President Ursula von der Leyen said small satellites are crucial to tracking natural disasters in real time and, in the light of Russia's war in Ukraine, to help guarantee global security.“Today, we know that the brave Ukrainian forces effectively use small sat...

Stellantis CEO Warns of More Auto Plant Closures

5Jan

By Jobber WikiNo Comments

News

Stellantis CEO Warns of More Auto Plant Closures

(Reuters) - Chrysler parent Stellantis NV Chief Executive Officer Carlos Tavares said on Thursday that more auto plant closures will happen if high prices for electric vehicles cause vehicle markets to shrink from pre-pandemic levels.Automakers will risk losing pricing power as chip supplies recover, Tavares said at the CES technology trade show in Las Vegas.(Reporting by Aishwarya Nair in Bengaluru and Joe White in Detroit; Editing by Rashmi Aich)Copyright 2023 Thomson Reuters. Source link

Tesla Says It Sold a Record 1.3 Million Vehicles Last Year

2Jan

By Jobber WikiNo Comments

News

Tesla Says It Sold a Record 1.3 Million Vehicles Last Year

AUSTIN, Texas (AP) — Tesla said Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50% nearly every year.The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company's 50% growth target. Sales grew 40% year over year, while production climbed 47% to 1.37 million.Tesla Inc., which is based in Austin, Texas, also had to deal with rising cases of the novel coronavirus in China, which cut into production at its Shanghai factory.With the extra U.S. push, Tesla delivered more than 405,000 vehicles worldwide in the fourth quarter. But that missed Wall Street projections. Analysts polled by data provider FactSet expected 427,00...