Money-losing Chinese appliances retailer Gome Retail Holdings Ltd. is struggling to pay staff and is planning to restructure its debt as its short-term borrowings pile up, sources with knowledge of the issue told Caixin. A number of Gome employees said they weren’t paid their salaries last month and that the company has delayed paying out first-half bonuses.… Continue reading Cash-strapped retailer Gome struggles to pay staff, plans debt restructuring
Category: Tech News
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BMW’s most powerful SUV is a plug-in hybrid
BMW raised the curtain Tuesday on a high-performance plug-in hybrid SUV meant to lure buyers from the ultra-luxury segment’s Lamborghini Urus and Aston Martin DBX. The BMW XM full-size SUV is the first electrified model from the brand’s race track-ready M badge. Starting just below $160,000, the 644-horsepower crossover also rates as the most powerful… Continue reading BMW’s most powerful SUV is a plug-in hybrid
China’s Nio joins the race for lithium, buys 12% of Australia’s Greenwing Resources
China’s electric vehicle upstart Nio has joined Tesla in sourcing raw materials directly from mines rather than its own battery suppliers as soaring prices of lithium, a critical component of EV batteries, hurt manufacturers’ supply chain stability and bottom lines. Lithium carbonate prices in China hit a record 501,500 yuan/tonne in September, tripling the number… Continue reading China’s Nio joins the race for lithium, buys 12% of Australia’s Greenwing Resources
Awesome But Nightmarish AI Turns Any Person Into a Pokémon
You get a Pokémon! And you get a Pokémon! Catch ‘Em All If you’ve always wanted to create nightmare Pokémon species that look like almost any thing or person you can imagine, your time has come. A new AI model, developed by netizen Justin Pinkney, attempts to turn any word or phrase into a unique… Continue reading Awesome But Nightmarish AI Turns Any Person Into a Pokémon
Best Smartwatches for Android in 2022
If you’re an Android phone user, there’s a good chance that you’ve felt a bit excluded from the smartwatch revolution, but there are plenty of good smartwatches for Android available. Apple doesn’t have a monopoly on wearable tech, and that’s for good reason. Whether you’re looking for a smartwatch that’s compatible with Samsung or for… Continue reading Best Smartwatches for Android in 2022
There’s a Huge Problem With Elon Musk’s Promise to Bring Starlink to Iran
Once again, in response to international conflict, Elon Musk has pledged to activate Starlink — SpaceX’s satellite internet system — in the embattled region. This time, he’s promised that Starlink will be available to the people of Iran, who for days now have been protesting the death of 22-year-old Mahsa Amini. In an effort to… Continue reading There’s a Huge Problem With Elon Musk’s Promise to Bring Starlink to Iran
Former Particle Physicist Absolutely Annihilates the Field of Particle Physics
“Now is not the time to idle around inventing particles, arguing that even a blind chicken sometimes finds a grain.” Shots Fired If you have trouble keeping up with the latest particle physics, we don’t blame you. The buzzy field has exploded in recent years, with a vast string of highly experimental studies — and… Continue reading Former Particle Physicist Absolutely Annihilates the Field of Particle Physics
You’ll Need a Magnifying Glass to Find the iPhone 14’s Upgrades
As I was getting a haircut last week, my hairdresser asked if I’d seen the new iPhone. She didn’t know my occupation but saw my Apple Watch and, as is obligatory in that line of work, was making small talk. “Does it look any different?” was the main query. I reached into my back pocket… Continue reading You’ll Need a Magnifying Glass to Find the iPhone 14’s Upgrades
Department of Transportation approves EV charging plans for all 50 states
A critical element of the transition to electric vehicles is ensuring that the charging infrastructure is up to scratch. The Bipartisan Infrastructure Law earmarked $5 billion in funding over five years to help states install chargers along highways, and that process just took an important step forward. The Department of Transportation has approved EV charging… Continue reading Department of Transportation approves EV charging plans for all 50 states
Hertz and BP plan to build a nation-wide EV charging network in the US
After recently signing deals to purchase electric vehicles from GM and Polestar, Hertz is turning its attention to the infrastructure needed to support those cars. On Tuesday, the company announced the signing of a memorandum of understanding with energy giant BP (formerly British Petroleum) to build a national charging network across the United States. At… Continue reading Hertz and BP plan to build a nation-wide EV charging network in the US