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Saudi Arabia signs MoU with China’s Huawei -statement

CAIRO (Reuters) - Saudi Arabia signed a memorandum of understanding with China's Huawei Technologies on Thursday on cloud computing and building high-tech complexes in Saudi cities, the government

UPDATE 1-Foxconn’s COVID-hit China plant lifts “closed-loop” management curbs

LONDON (Reuters) - HONG KONG, Dec 8 (Reuters) - Apple supplier Foxconn's COVID-hit Zhengzhou facility in China has lifted its "closed-loop" management curbs on Thursday, it said in a statement posted

Cameo launches Cameo Kids personalized videos with Candle Media

By Dawn Chmielewski (Reuters) - Celebrity video messaging service Cameo said Thursday it has partnered with Candle Media to launch a new feature aimed at the playground set -- Cameo Kids. The service

Foxconn’s COVID-hit China plant lifts “closed-loop” management curbs

HONG KONG (Reuters) - Apple supplier Foxconn's COVID-hit Zhengzhou facility in China has lifted its "closed-loop" management curbs on Thursday, it said in a statement posted on its Wechat account. (

Hyundai, SK to build new battery plant in Georgia

(Reuters) - Hyundai Motor Group and SK On said Thursday they will build a new battery manufacturing plant in the state of Georgia to supply the Korean automaker's U.S. assembly plants. Hyundai Motor

Meta battles U.S. antitrust agency over future of virtual reality

By Diane Bartz and Katie Paul WASHINGTON/SAN JOSE, Calif. (Reuters) - The Federal Trade Commission, which enforces antitrust law, is about to engage in a real-life courtroom fight over virtual reality

Tesla to shorten Shanghai shifts, delay hiring – Bloomberg News

(Reuters) - Tesla Inc will shorten shift hours at its Shanghai factory and has delayed on-boarding of new staff at its most productive plant, according to a report by Bloomberg News, sending shares

Netherlands plans new curbs on chip-making equipment sales to China -Bloomberg News

(Reuters) -The Netherlands plans new controls on exports of chip-making equipment to China and a deal could be announced next month, Bloomberg News reported on Thursday, citing people familiar with

Volkswagen expects difficult 2023 for financial services unit

(Reuters) - Volkswagen expects a difficult 2023 for its financial services unit on the back of economic downturn, higher energy prices and rising interest rates. "We see that people are more cautious

Toshiba’s preferred bidder moving closer to securing financing for buyout -sources

By Makiko Yamazaki, Kane Wu and Ritsuko Shimizu TOKYO/HONG KONG (Reuters) - Japan Industrial Partners, the preferred bidder to buy out Toshiba Corp, has moved closer to securing financing from banks,

On Camera

Hormuz crisis won’t replace the dollar with yuan. De-dollarisation is a myth

Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.

Haryana’s new industrial policy in the works, but industry says old problems remain unsolved

Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.

Military pushes for private participation in space, more Indian satellites. ‘Can’t rely on single entity’ 

CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.