Tech News – Page 3558 – I wish I had more to offer

BMW to invest $1.7B to build EVs in South Carolina

BMW plans to invest $1.7 billion to build at least six EV models in the U.S. by the end of the decade. The investment announced Wednesday includes $1 billion toward BMW’s factory in Spartanburg, South Carolina and $700 million to fund a new battery cell plant nearby. The factory, which builds BMW’s portfolio of X… Continue reading BMW to invest $1.7B to build EVs in South Carolina

Don’t worry, Uber WILL find a way to advertise to you

Uber has officially launched its advertising division and unveiled its in-app ad experience, Journey Ads, in an attempt to drive more revenue. The company said Wednesday it will sell ad space inside its ride-hailing and Uber Eats apps, as well as in-vehicle digital ads, sponsored mails and storefront ads. Uber has historically tried to add… Continue reading Don’t worry, Uber WILL find a way to advertise to you

The next generation of Thunderbolt seems nice but less necessary than ever

/ Intel’s next specification won’t take it back to the days where it’s faster and more capable than USB. And that’s probably fine. It doesn’t have a name yet.Image: Intel Intel is showing off a preview of the next generation of Thunderbolt, which it says can “deliver up to three times the capability of Thunderbolt… Continue reading The next generation of Thunderbolt seems nice but less necessary than ever

Waymo eyes traffic-choked Los Angeles for its next robotaxi service

/ Would you rather be stuck in bumper-to-bumper traffic in your own car or in the backseat of a driverless Waymo vehicle? LA residents, choose your fighter. Waymo will launch its next robotaxi service in Los Angeles, but it won’t say when.Waymo Waymo is bringing its Waymo One robotaxi service to Los Angeles, a city… Continue reading Waymo eyes traffic-choked Los Angeles for its next robotaxi service

The Portland Van Abductions

Some hours before he was abducted by a squad of feds in camouflage tactical gear, Mark Pettibone was playing a pickup game of Frisbee. It was what had become a normal night for the summer of 2020 in Portland, Oregon. The city was now four months into the pandemic and two months into the ongoing… Continue reading The Portland Van Abductions

Japan’s SBI said to be considering delisting Shinsei BankSBI said this month it planned to increase its stake to a majority 50% by the end of March

Japanese financial group SBI Holdings is considering delisting mid-size lender Shinsei Bank Ltd and will explore options with the country’s banking regulator, the Kyodo news agency reported on Wednesday. SBI said this month it planned to increase its stake to a majority 50.05% by the end of March. It raised its holding to around 48% last year. An SBI spokesperson said it had nothing to announce at… Continue reading Japan’s SBI said to be considering delisting Shinsei BankSBI said this month it planned to increase its stake to a majority 50% by the end of March

Dubai courier firm Aramex buys Florida e-commerce co MyUS for $265m

Dubai-listed courier firm Aramex said on Wednesday it had bought Florida-based e-commerce company Access USA Shipping LLC (MyUS) for about $265 million in an all-cash deal. Abu Dhabi sovereign wealth fund ADQ holds a 22.32% stake in Aramex, transferred to ADQ-owned Abu Dhabi Ports in January. Abu Dhabi Ports made its stock market debut in February, raising 4 billion dirhams ($1.09 billion). “As a result of this acquisition, MyUS will… Continue reading Dubai courier firm Aramex buys Florida e-commerce co MyUS for $265m

Japan’s Nippon Yusen to invest in Indonesia-based Pertamina’s shipping unit

Japan’s Nippon Yusen KK said on Wednesday it will invest in Pertamina International Shipping (PIS), a unit of Indonesia’s state energy firm Pertamina, without disclosing terms of the deal. The move by Japan’s biggest shipping company is aimed at expanding business in Indonesia, where energy and energy transportation demand are expected to increase in tandem with the country’s economic growth, a spokesperson for Nippon Yusen said. Nippon Yusen plans to complete the deal… Continue reading Japan’s Nippon Yusen to invest in Indonesia-based Pertamina’s shipping unit

ID Digest: Kopi Kenangan opens store in Malaysia; APLN sells assets

Indonesia’s Kopi Kenangan has opened its first international store in Malaysia. Meanwhile, listed property developer Agung Podomoro Land has sold a part of its stake in a local mall. Kopi Kenangan arrives in Malaysia Indonesian tech-enabled coffee chain and unicorn Kopi Kenangan has officially expanded to Malaysia by opening its first international store in Suria… Continue reading ID Digest: Kopi Kenangan opens store in Malaysia; APLN sells assets

Indonesia govt offers tax breaks for investments in new capital city project

The Indonesia government will offer tax incentives, including a 30-year tax exemption and 350% tax deduction, for companies investing in the country’s new capital called Nusantara, a top official said at an investors’ gathering on Tuesday. Bambang Susantono, Head of the Nusantara National Capital Authority, said the investment rules for Nusantara will be finalised soon. “We… Continue reading Indonesia govt offers tax breaks for investments in new capital city project