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Vedanta, Foxconn To Invest $19.5 Billion In India's Gujarat For Chip, Display Project
Vedanta Ltd and Taiwan's Foxconn will invest $19.5 billion under pacts signed to set up semiconductor and display production plants in Gujarat, the home state of Indian Prime Minister Narendra Modi.
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Truly Autonomous Cars May Be Impossible Without Helpful Human Touch
Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble.
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Battery Startup ONE Aims To Slash Cell Cost, Deliver 600-Mile Range
Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to 600 miles (965 km) of driving range, the company said.
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U.S. Hopes China, India Will At Least Take Advantage Of Russian Oil Price Cap-Adeyemo
U.S. Deputy Treasury Secretary Wally Adeyemo said he was hopeful that China and India would join the coalition of countries seeking to impose a price cap on Russian oil or simply use the cap to buy Russian oil at a cheaper price.
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EU Plans To Cap Russian Gas Price As Putin Warns West Of Winter Freeze
The European Union proposed a price cap on Russian gas after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising the risk of rationing in some of the world's richest countries this winter.
Read More →Oil Settles Below $90 As Recession Fears Mount
Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia's invasion of Ukraine as downbeat Chinese trade data fed investor worries about recession risks.
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Desktop Metal To Unveil 3D-Printed Sheet Metal Technology For Cars, Planes
U.S.-based 3D printer maker Desktop Metal Inc plans to unveil as early as a new technology that will dramatically simplify the industrial sheet metal production process, Chief Executive Officer Ric Fulop told Reuters.
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Stocks Jump As Treasury Yields Ease And Oil Prices Sell Off
Global stocks rallied after recent losses as benchmark U.S. Treasury yields eased from three-month highs and oil prices fell below $90 a barrel.
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Elon Musk $258 Billion Dogecoin Lawsuit Expands
The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co.
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Amazon Takes Down Seatbelt Alarm Blockers In India As Road Safety Risk Scrutinised
Amazon.com Inc said it has removed from its Indian marketplace listings of products that disable car seatbelt alarms, a day after the country's transport minister said he had asked the company to act against such devices.
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Italian Business Lobby In Talks Over Potential Gas Rationing
Italy's main business lobby group Confindustria is in talks with the government about potential gas rationing, the head of the organisation said.
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Chip Tech Startup SiFive Launches Products Aimed At Automotive Market
Silicon Valley startup SiFive Inc launched three new products aimed at the automotive market, which is emerging as one of the hottest areas for chip makers with electric and self-driving cars expected to boost the number of chips needed.
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Ferrari Woos Super Rich With $400,000, Petrol-Fuelled SUV
Ferrari unveiled its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric.
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China EV Maker Leapmotor Launches Up To $1 Billion Hong Kong IPO
Chinese electric vehicle maker Zhejiang Leapmotor Technology is aiming to raise $1.03 billion in a Hong Kong initial public offering (IPO), according to regulatory filings, that would be the largest in the city in 2022.
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Electric Vehicles Row Overshadows S.Korean President's First U.S. Visit
South Korea's opposition to new rules governing U.S. subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol's first official trip to the United States, disrupting a recent display of alliance strength with Washington.
Read More →U.S. Picks Team To Oversee $52.7 Billion In Semiconductor Funding
The Biden administration named a team of senior advisers to oversee $52.7 billion in government funding to boost semiconductor manufacturing and research.
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Nigerian Ride-Hailing App Aims To Put Women At Ease
Hauwa Shakir puts the finishing touches to an elegant lilac and grey dress, grabs her handbag and steps into a grey Toyota Corolla in front of her home in the outskirts of central Abuja.
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South Africa's Local Team Joins A Solar Car Race
A South African local engineering team, which includes 20- to 70-year old members, for the first time took part in the continent's biggest solar car race, where drivers travel on public roads from Johannesburg to Cape Town.
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Toyota's October Vehicle Output To Be Weighed Down By Chip Shortage
Toyota Motor Corp said it plans to produce about 800,000 vehicles worldwide in October, about 100,000 short of its average monthly production plan, due to semiconductor shortages.
Read More →Depositions Of Musk, Twitter's Agrawal Have Been Postponed - Report
Monday's depositions of Elon Musk and Twitter Inc's Chief Executive Officer Parag Agrawal have been postponed and it was unclear when the interviews under oath would take place, sources familiar with the litigation told Reuters.
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