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Emissions scandal: Ex-Audi boss admits role in fraud by negligence in German court

MUNICH, May 16 (Reuters) – Former Audi boss Rupert Stadler accepted his role in committing fraud by negligence in the diesel emissions scandal, according to a statement made in German court on Tuesday, having agreed early in May to a deal which would get him a suspended sentence. The former CEO has been on trial… Continue reading Emissions scandal: Ex-Audi boss admits role in fraud by negligence in German court

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[1/2] Representations of the virtual currency Dogecoin are seen in this illustration taken June 16, 2021. REUTERS/Dado Ruvic/Illustration May 16 (Reuters) – Move over dogecoin? “Memecoins” – a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto – are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, a… Continue reading article with gallery

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May 16 (Reuters) – Tesla Inc (TSLA.O) has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers. An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up… Continue reading Untitled

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BRUSSELS, May 15 (Reuters) – Microsoft has won EU antitrust approval for its $69 billion Activision takeover, which was vetoed by Britain, after regulators said its offer of free 10-year licensing deals to gamers and cloud streaming rivals addressed their concerns. The European Commission said on Monday that the biggest-ever deal in gaming was pro-competitive… Continue reading Untitled

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WASHINGTON, May 15 (Reuters) – U.S. lawmakers are grappling with what guardrails to put around burgeoning artificial intelligence, but months after ChatGPT got Washington’s attention, consensus is far from certain. Interviews with a U.S. senator, congressional staffers, AI companies and interest groups show there are a number of options under discussion. Some proposals focus on… Continue reading Untitled

Analysis: Tesla’s new car-making process stokes debate among industry experts

May 15 (Reuters) – Tesla Inc’s (TSLA.O) new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk’s so-called unboxed process is radical, revisionist or derivative – or all of the above. Musk believes the company needs to radically rethink conventional… Continue reading Analysis: Tesla’s new car-making process stokes debate among industry experts

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[1/2] Japanese chipmaker Kioxia’s product is displayed at its headquarters in Tokyo, Japan, September 30, 2021. REUTERS/Kim Kyung-Hoon TOKYO, May 15 (Reuters) – Kioxia Holdings Corp and Western Digital Corp (WDC.O) are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash… Continue reading article with gallery

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May 13 (Reuters) – Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner Elon Musk’s vision to create a brighter future and is excited to help to transform the social media platform. It was the first time Yaccarino has spoken publicly since the news broke… Continue reading Untitled