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WASHINGTON, Jan 30 (Reuters) – A U.S. auto safety agency said Monday it was imposing a $130 million civil penalty on AB Volvo (VOLVb.ST) unit Volvo Group North America, following an investigation that found the manufacturer of heavy-duty trucks and buses failed to recall vehicles in a timely fashion. The National Highway Traffic Safety Administration… Continue reading Untitled

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Jan 30 (Reuters) – Ford Motor Co (F.N) on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc (TSLA.O) slashed prices globally on its electric vehicles by as much as 20%. Shares of Ford were down 2.4% before the bell. Tesla was… Continue reading Gallery

TikTok’s CEO to testify before Congress in March, article with image

Jan 30 (Reuters) – TikTok Chief Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers looks to scrutinise the Chinese-owned video-sharing app, Chair Cathy McMorris Rodgers said on Monday. Chew will testify before the committee on March 23, which will be his first appearance before a Congressional… Continue reading TikTok’s CEO to testify before Congress in March, article with image

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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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Summary Companies Q3 profit a record 211 mln euros No sign of recession – CFO Strong dollar, Asian travel to boost demand Shares fall 1%; up 25% in 2023 DUBLIN, Jan 30 (Reuters) – Ryanair (RYA.I) on Monday posted a record after-tax profit for its October-December quarter and said bookings for Easter and summer flights… Continue reading Gallery

Japan’s chip equipment makers in the dark about new China export restrictions, article with image

TOKYO, Jan 30 (Reuters) – Japanese makers of semiconductor manufacturing machinery and materials used to make chips said on Monday they had yet to hear from Japan’s government about export restrictions that could directly or indirectly affect their business in China. Reuters contacted 10 chip-related companies, of which five – Advantest Corp (6857.T), Nikon Corp… Continue reading Japan’s chip equipment makers in the dark about new China export restrictions, article with image

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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

Apple’s India supplier Jabil making AirPods parts for export-Bloomberg, article with image

Jan 29 (Reuters) – Apple-supplier Jabil Inc’s (JBL.N) India unit has begun making components for AirPods in the country and is shipping plastic bodies or enclosures for AirPods to China and Vietnam, Bloomberg News reported on Sunday, citing people familiar with the matter. Apple Inc (AAPL.O) and Jabil did not immediately respond to a Reuters… Continue reading Apple’s India supplier Jabil making AirPods parts for export-Bloomberg, article with image

China’s Baidu to launch ChatGPT-style bot in March – source, article with image

BEIJING, Jan 30 (Reuters) – Chinese internet search major Baidu Inc (9888.HK) is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s ChatGPT in March, a person familiar with the matter told Reuters. The technology firm plans to launch the service as a standalone application and gradually merge it into its search… Continue reading China’s Baidu to launch ChatGPT-style bot in March – source, article with image

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PARIS/TOKYO, Jan 30 (Reuters) – French carmaker Renault (RENA.PA) and its Japanese partner Nissan (7201.T) on Monday agreed to a sweeping reset of their two-decade alliance that will put them on equal footing. The partnership, which has grown to include junior member Mitsubishi Motors (7211.T), was founded in 1999 and long dominated by former Renault… Continue reading Untitled