By Stephen Nellis CUPERTINO, California (Reuters) – Apple Inc barged into Meta’s metaverse party on Monday, unveiling an augmented-reality headset called the Vision Pro in its riskiest and biggest bet since the introduction of the iPhone more than a decade ago. Vision Pro will start at $3,499, more than three times the cost of the …
Apple to sell Vision Pro AR headset for triple Meta’s top-line price Read More »
By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) – The Chinese government will seek to initiate artificial intelligence regulations in its country, billionaire Elon Musk said on Monday after meeting with officials during his recent trip to China. Musk did not elaborate further and made his remarks in a Twitter Space with Democratic presidential candidate …
Elon Musk says China will initiate AI regulations Read More »
By Angus Berwick and Tom Wilson LONDON (Reuters) – On Monday, the U.S. Securities and Exchange Commission took aim at the most powerful man in crypto. The SEC accused Binance founder Changpeng Zhao of operating a “web of deception,” charging him and his exchange with 13 offences. These ranged from allegedly manipulating Binance’s trading volumes …
By Hannah Lang, Jonathan Stempel and Tom Wilson WASHINGTON (Reuters) – U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities and Exchange Commission (SEC) complaint, …
US sues Binance and founder Zhao over ‘web of deception’ Read More »
(Reuters) – One of the most notable happenings at Apple’s event for developers on Monday is likely the iPhone maker’s tweak that will keep its autocorrect feature from annoyingly correcting one of the most common expletives to “ducking.” “In those moments where you just want to type a ducking word, well, the keyboard will learn …
About ducking time: Apple to tweak iPhone autocorrect function Read More »
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 …
Tesla’s China-made EV sales rose 2.4% in May from April – CPCA Read More »
HELSINKI (Reuters) – Sweden-based Volvo Cars on Monday posted a 31% rise in sales in May compared with a year earlier, selling 60,398 cars. The 31% rise comes after a strained 2022, when the company, like other automakers, felt the effects of persistent COVID-lockdowns in China, chip shortages and other supply constraints that hampered production. …
Volvo Cars sales up 31% in May as it recovers from past years Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s miners see higher taxes in Chile potentially discouraging them from investing in new mines in the world’s top copper producer but would not lead them to quit existing projects, the head of an industry body said on Monday. Growing nationalism in resource-rich countries is challenging miners as they …
Japanese miners see Chile’s tax hikes deterring new investment Read More »
By Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) -Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on Monday cheered by strong travel demand as the sector recovers from the COVID-19 pandemic. “The pandemic years are behind us and borders are open as normal,” Director General Willie Walsh …
Global airlines more than double 2023 profit outlook Read More »
By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) – Japan will not detail a time frame for balancing the primary budget in its mid-year economic policy for the second consecutive year, showed a draft seen by Reuters, underscoring Prime Minister Fumio Kishida’s focus on bolstering the economy. The plan comes amid speculation that Kishida could …
Japan won’t directly mention time frame to balance budget in mid-year policy -draft Read More »
