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U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

U.S. Big Tech says it meets EU gatekeeper status, TikTok criticises label

Jul 5, 2023 | Asia, Business, Economy, Entertainment and Lifestyle, Europe, Politics, Technology, US

By Foo Yun Chee BRUSSELS (Reuters) -Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the EU’s new criteria of “gatekeeper” that means they have to meet tougher rules, EU industry chief Thierry Breton...
US new vehicle sales rise on strong demand, better supply

US new vehicle sales rise on strong demand, better supply

Jul 5, 2023 | Asia, Business, Economy, Europe, Top News, US

By Pratyush Thakur and Shivansh Tiwary (Reuters) -New vehicle sales in the United States for top global automakers rose in the second quarter on improving supply and strong demand, signaling that rising interest rates have not yet had a meaningful impact on purchases....
Stellantis unveils new platform underpinning move to electric vehicles

Stellantis unveils new platform underpinning move to electric vehicles

Jul 5, 2023 | Business, Europe, Technology, US

MILAN (Reuters) – Stellantis on Wednesday unveiled its new ‘STLA Medium’ vehicle platform, the first of four new electric-centric bases that will underpin all future models made by the world’s fourth largest carmaker by sales. Stellantis,...
Apple loses London appeal in 4G patent dispute with Optis

Apple loses London appeal in 4G patent dispute with Optis

Jul 5, 2023 | Business, Economy, Europe, Technology, UK, US

LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal ruled on Tuesday, dismissing the tech giant’s appeal in a long-running dispute with a U.S. patent holder....
Beijing jabs in US-China tech fight with chip material export curbs

Beijing jabs in US-China tech fight with chip material export curbs

Jul 4, 2023 | Asia, Business, Economy, Europe, Politics, Technology, US

By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals widely used in semiconductors and electric vehicles were racing to secure supplies on Tuesday as some industry suppliers worried that...
Oil prices rise 2% as market weighs supply cuts against economic outlook

Oil prices rise 2% as market weighs supply cuts against economic outlook

Jul 4, 2023 | Business, Economy, Europe, Middle East, UK, US

By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. Saudi Arabia on Monday said it would extend its voluntary output cut of 1...
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