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UPS’s Coyote freight brokerage lays off workers as demand falls Coyote Logistics, United Parcel Service’s nonunion freight brokerage subsidiary, on Friday said it was laying off workers as rising interest rates, inflation and a resumption of pre-pandemic consumer spending patterns weaken demand for trucking services. Go to Source

Ola plans $920 million India investment in electric cars, batteries, article with image

CHENNAI, Feb 18 (Reuters) – SoftBank Group-backed (9984.T) Ola Electric would invest $920 million in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest 76.14 billion rupees ($920 million) through its subsidiaries Ola Electric Technologies and Ola… Continue reading Ola plans $920 million India investment in electric cars, batteries, article with image

U.S. lawmakers urge board to defer railroad merger decision, article with gallery

WASHINGTON, Feb 17 (Reuters) – U.S. lawmakers on Friday asked the Surface Transportation Board to defer a decision on a proposed Canadian Pacific (CP.TO) merger with Kansas City Southern until the board completes a Chicago region impact assessment. U.S. Senators Dick Durbin and Tammy Duckworth and Representatives Raja Krishnamoorthi and Delia Ramirez said the board’s… Continue reading U.S. lawmakers urge board to defer railroad merger decision, article with gallery

Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically, article with image

HANOI, Feb 18 (Reuters) – Vietnam’s electric vehicle (EV) maker VinFast is recalling 2,781 of its sports utility model VF8 sold in the domestic market to check and replace the bolt connecting the front brake caliper to the knuckle, the company said on Saturday. VinFast, which began operations in 2019, is gearing up to expand… Continue reading Vietnam’s EV maker VinFast recalls nearly 2,800 units domestically, article with image

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Feb 17 (Reuters) – Twitter said on Friday it will allow only paid subscribers to use text messages as a two-factor authentication (2FA) method to secure their accounts. After March 20, “only Twitter Blue subscribers will be able to use text messages as their two-factor authentication method,” the company tweeted. Two-factor authentication, meant to make… Continue reading Untitled

Technologycategory

UPS’s Coyote freight brokerage lays off workers as demand falls Coyote Logistics, United Parcel Service’s nonunion freight brokerage subsidiary, on Friday said it was laying off workers as rising interest rates, inflation and a resumption of pre-pandemic consumer spending patterns weaken demand for trucking services. Go to Source

Embraer’s electric aircraft maker Eve ‘on track’ to start service in 2026, article with image

SAO PAULO, Feb 17 (Reuters) – Electric aircraft maker Eve Holding Inc (EVEX.N) is “on track” to meet its goal of starting commercial operations in 2026, an executive said on Friday, and getting its aircraft certificated is the most immediate target. Eve’s vice president of services & fleet operations, Luiz Mauad, told Reuters in an… Continue reading Embraer’s electric aircraft maker Eve ‘on track’ to start service in 2026, article with image

Analysis: Tesla’s search for Mexico location shows bumps on nearshoring road, article with image

MEXICO CITY, Feb 17 (Reuters) – Tesla Inc’s (TSLA.O) quest to build its first factory in Mexico reveals some of the shaky underpinnings of the country’s rise as a nearshoring darling, with proximity to U.S. buyers weighed down by concerns over power supply and political interference. Mexican President Andres Manuel Lopez Obrador said Nuevo Leon… Continue reading Analysis: Tesla’s search for Mexico location shows bumps on nearshoring road, article with image

Technology Category

Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source

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Feb 17 (Reuters) – Microsoft (MSFT.O) has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered by generative artificial intelligence as the tech company seeks to battle Google’s dominance. In a meeting with a major ad agency this week, Microsoft showed off a demo of the… Continue reading Untitled