PARIS, June 5 – For French President Emmanuel Macron, it was a light-bulb moment. In an ornate ballroom at the Palace of Versailles last July, the head of Taiwan’s ProLogium took out a pair of scissors and cut one of its solid-state batteries the size of a credit card in half. The small bulb it… Continue reading article with gallery
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Forever in debt: Why U.S. loans are getting longer
NEW YORK, June 5 (Reuters) – Consumers facing high asset prices and rising interest rates have a few loan options. None are particularly attractive. Buyers of homes or new cars might be better off waiting. But if you must go ahead, either face taking on a big monthly payment, or stretching out the loan term… Continue reading Forever in debt: Why U.S. loans are getting longer
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June 4 (Reuters) – Former NBCUniversal executive Joe Benarroch will join Twitter on Monday, in a role focusing on business operations, he told Reuters. Benarroch said in an email that he was looking forward to working with the company’s team to “build Twitter 2.0 together.” “Welcome to the flock, @benarroch_joe! From one bird to the… Continue reading Untitled
Technology Category
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BRUSSELS, June 3 (Reuters) – A majority of EU countries have rejected a push by Europe’s big telecoms operators to force major tech companies such as Google to help fund the rollout of 5G and broadband in the region, people familiar with the matter said. At a meeting with EU industry chief Thierry Breton in… Continue reading Untitled
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June 2 (Reuters) – Shares of Verizon Communications Inc (VZ.N), AT&T Inc <T.N > and T-Mobile US Inc (TMUS.O) declined on Friday after a report said Amazon.com Inc (AMZN.O) was in talks with the U.S. telecom firms to offer low-cost wireless services to its Prime members. Bloomberg News reported that Amazon was negotiating to get… Continue reading Untitled
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SAN FRANCISCO, June 2 (Reuters) – Apple Inc (AAPL.O) is widely expected to announce a new headset that will blend video of the outside world with the virtual one at its annual software developer conference next week. Apple CEO Tim Cook and Meta Platforms Inc’s (META.O) CEO, Mark Zuckerberg, are jockeying to define how consumers… Continue reading Untitled
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NEW YORK, June 2 (Reuters) – London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is a big boost for a crypto sector tainted by… Continue reading Untitled
Exclusive: Stellantis, GM pay $363 million in US fuel economy penalties
WASHINGTON, June 2 (Reuters) – Chrysler-parent Stellantis (STLAM.MI) and General Motors (GM.N) paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years… Continue reading Exclusive: Stellantis, GM pay $363 million in US fuel economy penalties
California, New York pensions vote against Toyota chairman
Summary Companies Proxy advisory firms have raised issues about governance Slow rollout of electric vehicles has attracted criticism Company says chairman is key to driving transformation TOKYO, June 2 (Reuters) – Two of the largest U.S. public pension systems have voted against the re-election of Toyota Motor Corp (7203.T) Chairman Akio Toyoda, shareholder voting records… Continue reading California, New York pensions vote against Toyota chairman