Reuters Asia Business

By Stephen Nellis (Reuters) – A bipartisan group of U.S. lawmakers on Monday urged the Department of Commerce to examine national security threats from China’s development of silicon photonics technology, a fast-developing field that could speed up artificial intelligence. At its core, silicon photonics relies on light, rather than electrical signals, to move information inside …

US lawmakers urge review of China threat from photonics technology Read More »

By Abhirup Roy Tesla CEO Elon Musk stunned investors and analysts with plans to grow vehicle sales by 30% next year, buoyed by a new, cheaper model and enthusiasm for self-driving software, but delivering on that promise would surprise much of Wall Street. Musk’s 2025 forecast and improving profit margins sparked the biggest jump in …

Analysis-Musk’s bold 2025 prediction on Tesla sales faces skepticism, scrutiny Read More »

By Zaheer Kachwala and Deborah Mary Sophia (Reuters) – Alphabet will likely post its slowest revenue growth in four quarters on Tuesday, hurt by competition that weighed on its core Google Search business and dented YouTube ad spending. The slowdown in its core business is expected to overshadow AI-driven gains at its cloud-computing business in …

Alphabet’s Q3 revenue growth likely to slow as competition pressures Search, YouTube Read More »

SINGAPORE (Reuters) – Chinese offshore oil and gas major CNOOC Ltd, reported on Monday a 9% increase in third-quarter net income versus a year earlier, as higher oil and gas output offset lower realised oil prices. Net profit during the July to September period was 36.93 billion yuan ($5.2 billion), versus 33.88 billion yuan a …

China CNOOC’s Q3 net income up 9% on year on higher oil, gas output Read More »

BEIJING (Reuters) – IM Motors, a premium electric vehicle brand of Chinese state-owned SAIC, has started level 2 plus autonomous driving road testing in the European market, according to a company statement on Monday. IM Motors, which works with autonomous driving technology developer Momenta, said the road testing creates the first navigate on autopilot without …

SAIC’s IM Motors kicks off level 2 plus autonomous driving road testing in Europe Read More »