Audi and battery recycler Redwood Materials are teaming up to collect end-of-life batteries from cell phones, electric toothbrushes and other lithium-ion-powered devices at participating dealerships nationwide. Beginning November, consumers can deposit their laptops, cell phones, e-bikes, e-scooters, electric toothbrushes, vacuum cleaners, power drills and other rechargeable devices at the dealerships. The recycling bins will be… Continue reading Audi, Redwood Materials launch recycling program for consumer electronics
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The 5 best PopSockets of 2022
ZDNET Recommends It’s hard to go anywhere these days without seeing a PopSocket. Whether it’s by the register at a store or on the back of your friend’s phone, PopSockets are all the rage these days — and it’s easy to see why. The versatile tool can help you drop your phone less often and… Continue reading The 5 best PopSockets of 2022
iPhone 14’s Emergency SOS via satellite feature is coming later this month
Apple/ Tech / Apple confirms it’s using a $450 million fund to help Globalstar with infrastructure for its new satellite emergency SOS feature. Image: Apple Apple’s new Emergency SOS via satellite feature for its iPhone 14 and iPhone 14 Pro models is arriving later this month. iPhone 14 and 14 Pro owners in the US… Continue reading iPhone 14’s Emergency SOS via satellite feature is coming later this month
Chinese EV maker Nio posts bigger quarterly loss amid higher battery pricesHowever, it expects deliveries to almost double in the current quarter.
Chinese electric automaker Nio Inc on Thursday reported a bigger quarterly loss due to a jump in costs, and said it expects deliveries to almost double in the current quarter. Most Chinese electric vehicle (EV) makers are battling higher battery prices, intensifying competition, and a rise in cost of sales. Sales at Nio, Xpeng Inc and Li Auto Inc have surged in recent quarters on robust demand, helping them emerge… Continue reading Chinese EV maker Nio posts bigger quarterly loss amid higher battery pricesHowever, it expects deliveries to almost double in the current quarter.
Asian airlines fly high on pent-up demand but face cost pressures
Asian airline travel should reach about two-thirds of pre-pandemic levels by the end of the year with momentum going into 2023 based on bookings, the director general of the Association of Asia Pacific Airlines (AAPA) said on Thursday. Speaking on the sidelines of a meeting of the association in Bangkok, Subhas Menon, Menon told reporters that airlines underestimating pent–up demand had led to… Continue reading Asian airlines fly high on pent-up demand but face cost pressures
‘Confidence Crisis’ sends crypto plunging as FTX seeks fresh funds
Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances. Larger rival Binance walked away from a bailout of FTX on Wednesday, sending cryptocurrency prices… Continue reading ‘Confidence Crisis’ sends crypto plunging as FTX seeks fresh funds
Indian food delivery platform Zomato’s Q2 losses reduce nearly 42%
Indian food delivery firm Zomato Ltd reported a smaller second-quarter loss on Thursday, helped by a sustained rise in online ordering. Consolidated net loss for the three months ended Sept 30 was 2.51 billion Indian rupees ($30.73 million), compared with 4.30 billion rupees a year earlier, the company said in a regulatory filing. Revenue from operations rose to 16.61 billion rupees from 10.24 billion rupees. Reuters… Continue reading Indian food delivery platform Zomato’s Q2 losses reduce nearly 42%
NIIF, JBIC sign pact to enhance Japanese investments in India
National Investment and Infrastructure Fund Limited (NIIF) on Thursday said it has signed a deal with Japan Bank for International Cooperation (JBIC) to promote Japanese investments in India by establishing a bilateral India-Japan Fund (IJF). The partnership is aiming for an investment of around $500-700 million in the IJF, according to a report by VCCircle.… Continue reading NIIF, JBIC sign pact to enhance Japanese investments in India
NTT, Kioxia to invest in new Japanese govt-backed semiconductor firmThe company will aim to mass-produce next-generation logic semiconductors.
Japanese companies, including Nippon Telegraph and Telephone Corp (NTT) and Kioxia Holdings Corp, have decided to invest in a new government-backed company that aims to mass-produce next-generation logic semiconductors, TV Tokyo reported on Thursday. Other companies, including Toyota Motor Corp, Sony Group, SoftBank and Denso Corp, also plan to invest about 1 billion yen ($6.84… Continue reading NTT, Kioxia to invest in new Japanese govt-backed semiconductor firmThe company will aim to mass-produce next-generation logic semiconductors.
Singapore’s CapitaLand builds $552m RMB funds to invest in China’s business parks
Singapore-based CapitaLand Investment (CLI), a global real estate investment manager, has set up new RMB-denominated funds with about 4 billion yuan ($551.5 million) in total managed capital to invest in business park opportunities in China. CapitaLand, which started RMB fundraising and management in June 2021, established the 380-million-yuan China Business Park Core RMB Fund I… Continue reading Singapore’s CapitaLand builds $552m RMB funds to invest in China’s business parks