MEXICO CITY, Feb 28 (Reuters) – Electric vehicle maker Tesla Inc. (TSLA.O) will build a major new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages. The news gives a boost to Mexico, which is seeking to… Continue reading Tesla to go ahead with major Mexico plant, Mexican president says, article with image
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Feb 28 (Reuters) – Microsoft Corp (MSFT.O) on Tuesday started adding its recently upgraded Bing search engine to its Windows computer software, aiming to put artificial intelligence (AI) at the fingertips of hundreds of millions of people. The Windows 11 update, Microsoft’s latest in a flurry of product revamps this month, shows how the Redmond,… Continue reading Untitled
Tesla’s China sales slow as price-cut boost wanes, article with image
SHANGHAI, Feb 28 (Reuters) – Tesla Inc’s (TSLA.O) electric vehicle (EV) sales in China rose last week but were still running short of the pace seen in the fourth quarter, indicating the bump from discounted prices in its biggest overseas market is waning. The U.S. automaker nearly doubled weekly retail sales in the week of… Continue reading Tesla’s China sales slow as price-cut boost wanes, article with image
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BRUSSELS, Feb 28 (Reuters) – EU antitrust regulators on Tuesday narrowed their case against Apple (AAPL.O), saying its App Store rules that prevent developers from informing users of other purchasing options violate the bloc’s rules against unfair trading conditions. The European Commission, which acts as the executive for the 27-country European Union, dropped an earlier… Continue reading Untitled
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Audi will not cut EV prices to follow Tesla’s lead – Audi Europe chief, article with image
BERLIN, Feb 28 (Reuters) – Audi (VOWG.DE) has no plans to cut prices for its electric vehicles, German industry magazine Automobilwoche cited Audi Europe chief Jens Puttfarcken as saying, despite a similar move by market leader Tesla (TSLA.O) that has put pressure on others to follow suit. “We have our very own pricing policy,” Puttfarcken… Continue reading Audi will not cut EV prices to follow Tesla’s lead – Audi Europe chief, article with image
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Feb 28 (Reuters) – Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from source of speculation to hedge against inflation – but has struggled to find a clear identity. Now there are growing signs it’s edging towards its intended purpose: payments.… Continue reading Gallery
Volkswagen China chief visits Xinjiang plant, sees no sign of forced labour, article with gallery
Summary Companies Volkswagen China chief toured Xinjiang plant on Feb 16-17 Carmaker contractually bound to plant until 2030 Company notes ‘more repressive approach’ in region since 2015 No indication of forced labour on visit – China chief Plant no longer assembling cars, 65% staff cut BERLIN, Feb 28 (Reuters) – Volkswagen (VOWG_p.DE) is contractually committed… Continue reading Volkswagen China chief visits Xinjiang plant, sees no sign of forced labour, article with gallery
Japan’s factory output posts biggest fall in 8 months on weak autos, chips sectors, article with image
Jan output -4.6% m/m vs forecast -2.6% Manufacturers see Feb output +8.0%, Mar +0.7% Jan retail sales +6.3% y/y vs f’cast +4.0% Retail sales +1.9% m/m TOKYO, Feb 28 (Reuters) – Japan’s factory output shrank at the fastest pace in eight months in January as declining overseas demand took a heavy toll on key industries… Continue reading Japan’s factory output posts biggest fall in 8 months on weak autos, chips sectors, article with image
Elon Musk recruits team to develop OpenAI rival – The Information, article with gallery
Feb 27 (Reuters) – Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT, the Information reported on Monday, citing people with direct knowledge of the effort. Reporting by Yana Gaur in Bengaluru; Editing by Rashmi Aich Our Standards: The Thomson Reuters Trust Principles.… Continue reading Elon Musk recruits team to develop OpenAI rival – The Information, article with gallery