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Volkswagen EVs ‘can’t keep up’ in China, CEO tells newspaper

BERLIN (Reuters) - Volkswagen wants to avoid setting "utopian" goals for its market share in China, its CEO told German newspaper FAZ on Friday, adding that anything above 10% was "very respectable"

Schumer says Senate can make progress on TikTok bill

WASHINGTON (Reuters) - Senate Democratic Leader Chuck Schumer Friday outlined a busy agenda for lawmakers returning to Washington, saying they can make progress "on a path forward on TikTok

TSMC retains 2024 revenue view in sign of limited impact of earthquake

(Reuters) - Taiwan Semiconductor Manufacturing Co said on Friday its full-year revenue would not be impacted by the massive April 3 earthquake, allaying concerns of a hit to the global semiconductor

Exclusive-Tesla scraps low-cost car plans amid fierce Chinese EV competition

By Hyunjoo Jin, Norihiko Shirouzu, Ben Klayman (Reuters) -Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker,

Tesla scraps low-cost car plans amid fierce Chinese EV competition

By Hyunjoo Jin, Norihiko Shirouzu, Ben Klayman (Reuters) -Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker,

Meta overhauls rules on deepfakes, other altered media

By Katie Paul NEW YORK (Reuters) - Facebook owner Meta announced major changes to its policies on digitally created and altered media on Friday, ahead of U.S. elections poised to test its ability to

US, EU eye Chinese legacy chips in renewed semiconductor accord

By Philip Blenkinsop LEUVEN, Belgium (Reuters) - The United States and the European Union committed to extend by three years their cooperation on identifying disruptions in the semiconductor sector,

Why a near-miss cyberattack put US officials and the tech industry on edge

By Raphael Satter WASHINGTON (Reuters) - German software developer Andres Freund was running some detailed performance tests last month when he noticed odd behavior in a little known program. What he

Inside Big Tech’s underground race to buy AI training data

By Katie Paul and Anna Tong NEW YORK (Reuters) - At its peak in the early 2000s, Photobucket was the world's top image-hosting site. The media backbone for once-hot services like Myspace and

Foxconn Q1 revenue drops 9.6% y/y, sees growth in Q2

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, said on Friday it expected a rise in second quarter revenue after the

On Camera

PM Modi rebranding is due. He should begin with land acquisition and farm laws

PM Modi looks determined to follow up on his Red Fort speech on reforms, but he is still looking diffident when it concerns farmers.

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.