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Summary Companies Foxconn remains committed to chipmaking in India Foxconn seeks new partner for India chipmaking -source India says ending of JV not a setback for country Foxconn says set to apply under new incentive scheme TAIPEI/MUMBAI, July 11 (Reuters) – Taiwan’s Foxconn said it intends to apply for incentives under India’s semiconductor manufacturing plan,… Continue reading article with video

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[1/2]A man holds an iPhone 14 as Apple Inc’s new models go on sale at an Apple store in Beijing, China, September 16, 2022. REUTERS/Thomas Peter/File Photo BEIJING, July 11 (Reuters) – Tencent’s (0700.HK) WeChat said on Tuesday that iPhone maker Apple (AAPL.O) had opened a store on its social media platform, marking an expansion… Continue reading article with gallery

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July 11 (Reuters) – May the best exchange win? Crypto platforms are vying for dominance in the United States, the world’s biggest market, following a regulatory crackdown that’s shaken the sector. Coinbase (COIN.O) and Binance.US, two of the largest crypto exchanges by market share among those operating in America, have lost ground this year. The… Continue reading Untitled

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July 10 (Reuters) – Meta Platforms’ (META.O) Twitter rival Threads crossed 100 million sign-ups in five days, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest online platform to hit the milestone. The app has been setting new records for user additions since its launch on Wednesday, with celebrities from Jennifer Lopez to… Continue reading Untitled

Focus: The manufacturing backlash: No factory in my backyard

MARSHALL, Mich., July 10 (Reuters) – Fred Chapman has a message for Ford Motor Co (F.N), which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people. “We don’t need jobs,” he says. That’s a surprising view coming from… Continue reading Focus: The manufacturing backlash: No factory in my backyard

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WASHINGTON, July 10 (Reuters) – Embattled by a U.S. Securities and Exchange Commission (SEC) crackdown, crypto companies are making a renewed push on Capitol Hill to drum up support for legislation they hope will rein in the agency and provide regulatory clarity for the industry. The Blockchain Association, Chamber of Digital Commerce, Crypto Council for… Continue reading Untitled

China’s car sales shrink 2.9% in June as big-ticket spending falters

BEIJING/SHANGHAI, July 10 (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending. Car sales in June totalled 1.91 million units, down 2.9% from last year, CPCA data showed. It was the… Continue reading China’s car sales shrink 2.9% in June as big-ticket spending falters

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LONDON, July 10 (Reuters) – British online supermarket and technology group Ocado (OCDO.L) said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon (8267.T), has gone live. The warehouse, or customer fulfilment centre (CFC) as Ocado calls them, has begun taking orders from customers across the Kanto region for Aeon’s “Green… Continue reading Untitled

GM cuts Lyriq EV price in China by 14% after VW discounts

Show more companies SHANGHAI, July 10 (Reuters) – General Motors Co (GM.N) on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are under pressure. The Lyriq, a luxury crossover based on GM’s… Continue reading GM cuts Lyriq EV price in China by 14% after VW discounts