CITIC Securities Co, China’s largest brokerage, on Friday posted a 1.4% fall in third–quarter profit. Net profit for the three months to Sept. 30 fell to 5.37 billion yuan ($740 million) from 5.45 billion a year earlier, the company said in a stock exchange filing. For the first nine months of the year, CITIC‘s brokerage business saw revenue fall by 19.2% to 8.8 billion… Continue reading China’s CITIC Securities posts 1.4% fall in third-quarter profit
Category: Tech News
Category Added in a WPeMatico Campaign
Global equity funds receive inflows for first time in 10 weeks
Global equity funds attracted money inflows in the week ended Oct. 26, bolstered by expectations the Federal Reserve would slow its pace of rate hikes to counter the economic slowdown. According to Refinitiv Lipper data, investors bought a net $7.8 billion worth of global equity funds in the week, after ditching them in the previous nine weeks. U.S. equity funds obtained $7.9 billion, while Asian equity funds received $2.1 billion. On… Continue reading Global equity funds receive inflows for first time in 10 weeks
AI’s true goal may no longer be intelligence
AI has been rapidly finding industrial applications, such as the use of large language models to automate enterprise IT. Those applications may make the question of actual intelligence moot. Tiernan Ray/ZDNET The British mathematician Alan Turing wrote in 1950, “I propose to consider the question, ‘Can machines think?’” His inquiry framed the discussion for decades… Continue reading AI’s true goal may no longer be intelligence
Volvo C40 Recharge review: Volvo’s little electric rocket ship
Volvo didn’t need to make its smallest EV this powerful or this fun, but I’m glad it did. The acceleration is great and the range is sufficient, but the native Android operating system leaves a lot to be desired. Share this story More and more manufacturers are rolling out their second or even third generation… Continue reading Volvo C40 Recharge review: Volvo’s little electric rocket ship
Welcome to hell, Elon
You break it, you buy it. Share this story You fucked up real good, kiddo. Twitter is a disaster clown car company that is successful despite itself, and there is no possible way to grow users and revenue without making a series of enormous compromises that will ultimately destroy your reputation and possibly cause grievous… Continue reading Welcome to hell, Elon
The future of solid-state batteries could be 3D-printed
Science/ Energy / That means batteries could have customized shapes The race to create a solid-state battery that could compete with today’s lithium-ion cells is heating up. Lithium-ion batteries are everywhere: in your phone, car, camera, and more. Since their debut in the 1990s, they’ve become a leader in energy storage. But they have one… Continue reading The future of solid-state batteries could be 3D-printed
LG Electronics feels the brunt of weak consumer demand in third quarter earnings
LG Electronics recorded a profit increase for the third quarter this year but the company warned that it was an effective decline from the weak demand caused by the global economic slowdown. The South Korean electronics maker said its operating profit increased 25.1% year-on-year to 746.6 billion won. However, last year’s third quarter operating profit… Continue reading LG Electronics feels the brunt of weak consumer demand in third quarter earnings
Tesla Model Y becomes best-selling car in Europe, and might be for a while
Tesla Model Y took the top spot on the list of best-selling cars in Europe in September, and the electric SUV might stay there for a while. Over the years, Tesla’s vehicles have often become the best-selling vehicles in certain European markets. However, it never topped the list of best-selling cars in the entire European… Continue reading Tesla Model Y becomes best-selling car in Europe, and might be for a while
Xiaomi discontinues financial services business in IndiaThe company recently pulled its Mi Pay and Mi Credit apps in India.
Chinese smartphone maker Xiaomi Corp is winding down its financial services business in India, TechCrunch reported on Friday, citing sources familiar with the matter. The company recently pulled its Mi Pay and Mi Credit apps in India from the local Play Store and its own app store, the report said. Three years after its launch, Mi Pay,… Continue reading Xiaomi discontinues financial services business in IndiaThe company recently pulled its Mi Pay and Mi Credit apps in India.
Warburg Pincus affiliate, Malabar invest $60m in Indian wearables brand boAt
Imagine Marketing Limited, the parent company of audio products and wearables brand boAt, Friday announced that it is raising about $60 million (Rs 500 crore) from its existing shareholder, an affiliate of private equity fund Warburg Pincus, and new investor Malabar Investments. According to a report in The Economic Times, the company has also withdrawn… Continue reading Warburg Pincus affiliate, Malabar invest $60m in Indian wearables brand boAt