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Wednesday, June 26, 2024
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Electronic components maker Jabil beats estimates as demand recovers

(Reuters) - Electronic components maker Jabil Inc on Thursday posted better-than-expected quarterly results, indicating recovery in demand in its 5G, AI datacenter markets after a sluggish period.

Nvidia set to solidify position as world’s most valuable company

(Reuters) - Nvidia shares gained 3% before the bell on Thursday, set to extend the semiconductor bellwether's lead as the world's most valuable company, after partners Dell and Super Micro Computer

PayPal hires Walmart exec as chief technology officer in AI push

By Hannah Lang (Reuters) - PayPal has hired one of Walmart's top tech executives Srini Venkatesan to head up the company's push into artificial intelligence as its new chief technology officer, the

Italy boosts crypto risk oversight and toughens sanctions, draft shows

ROME (Reuters) - Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters

Joby Aviation says FAA gives nod for in-house software for air-taxi operations

By Abhijith Ganapavaram (Reuters) - Joby Aviation said on Thursday the U.S. aviation regulator has authorized the use of the air-taxi maker's in-house software to perform tasks such as managing pilot

China should further ease data export rules, Neuberger Berman, Citi say

SHANGHAI (Reuters) - China should further relax data export rules, building on the recent easing of some curbs for global firms enacted by the city of Shanghai, senior executives from investment

Wolfspeed plant delayed as EU’s chipmaking plans flounder

By Toby Sterling, Christoph Steitz and Hakan Ersen AMSTERDAM/FRANKFURT (Reuters) - Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to

EU electric car sales drop in May as German demand slumps, industry says

By Alessandro Parodi and Greta Rosen Fondahn (Reuters) - Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany, data from

Tencent’s ‘Dungeon & Fighter’ game pulled from some Android app stores

By Liam Mo and Casey Hall BEIJING (Reuters) - Tencent is removing from Thursday its hit mobile game "Dungeon & Fighter" (DnF Mobile) from selected Android app stores as its contracts have expired, the

SoftBank’s Son: will ramp up US power business for generative AI

TOKYO (Reuters) - Japan's SoftBank Group will ramp up its power generation business primarily in the United States to supply power to generative artificial intelligence projects worldwide, founder

On Camera

Deepika Padukone isn’t faking her pregnancy. Internet ‘critics’ need a refresher on biology

One of the comments on her recent picture, read: “She is not able to do the role of a pregnant woman properly”. It's a nasty cocktail of misogyny and an ignorance of basic human biology.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

India’s 15-yr quest for anti-tank missile: Israeli Spike, DRDO option, back to US for Javelin talks

Recent high-profile visit was of US National Security Adviser this month during which a number of key issues, including military cooperation, was discussed by both sides.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.