Technology
Stricter standards needed for carbon offsets, several House Democrats urge
Riverside industrial pulp mill showing smokestacks and stream releases as the facility operates on a sunny afternoon. Education Images | Universal Images Group | Getty Images Several House Democrats this week called for stricter standards for voluntary carbon offsets that companies and governments buy to compensate for the greenhouse gases they emit. Reps. Jared Huffman, […]
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Snap rises 15% immediately after restructuring prepare announced
Snapchat brand exhibited on a telephone display is viewed with a laptop computer in the qualifications in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | Getty Photos Snap confirmed stories it will reduce 20% of its more than 6,000-man or woman workforce and claimed it will scrap […]
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Fintech business Klarna’s losses triple just after intense U.S. growth and mass layoffs
The brand of Swedish payment company Klarna. Thomas Trutschel | Photothek | Getty Photos Klarna on Wednesday described a remarkable soar in losses in the initially half, adding to a deluge of unfavorable news for the “purchase now, pay later” pioneer. The Swedish payments organization produced revenues of 9.1 billion Swedish krona ($950 million) in […]
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Leading SoftBank exec and essential Son ally actions back from much more roles soon after losses mount at the Japanese big
Rajeev Misra will stage down from his function as CEO of SoftBank World wide Advisors, which manages the Vision Fund 2. It arrives as tension mounts on SoftBank’s expense method amid a string of poor bets and a crash in technology stocks this calendar year. Patrick T. Fallon | Bloomberg | Getty Photos Rajeev Misra, […]
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Bosch will invest $200 million to build fuel cells for electric trucks in South Carolina
The Robert Bosch GmbH logo sits on the exterior of Messe Stuttgart exhibition center as automobiles pass in Stuttgart, Germany, on Monday, July 18, 2016. Michael Nagle | Bloomberg | Getty Images German auto supplier Bosch said Wednesday it will invest more than $200 million to build fuel cells for electric trucks in South Carolina. […]
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Chinese tech giant NetEase buys Star Wars game maker, marking its to start with main press into Europe
Chinese movie activity large NetEase has been aggressively expanding abroad as the domestic industry slows down amid tighter regulation. It now has totally-owned gaming studios in the U.S., Europe and Japan as it focuses on online games beyond just cellular and Computer. Arjun Kharpal | CNBC NetEase announced Wednesday that it has obtained a French […]
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Baidu claims its robotaxis have grabbed 10% of the journey-hailing market place in a suburb of Beijing
Crucial Points Chinese tech giant Baidu stated its robotaxis have grabbed about 10% of the trip-hailing market in a suburb of Beijing town. Baidu began presenting no cost robotaxi rides in the suburban area in October 2020, and obtained acceptance to gather fares in November 2021. Having said that, CNBC checks of the Baidu robotaxi […]
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NASA aims for Artemis launch attempt on Saturday after reviewing rocket engine problem
NASA’s next-generation moon rocket, the Space Launch System (SLS) rocket with its Orion crew capsule perched on top, as it stands on launch pad 39B in preparation for the unmanned Artemis 1 mission at Cape Canaveral, Florida, August 27, 2022. Joe Skipper | Reuters NASA announced it will make another attempt to launch the Artemis […]
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How we’re positioning our portfolio heading into the worst month of the year
We’ve been shaping our investments around companies that can historically hold up in tough environments, and using downturns to buy high-quality tech. Source
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Royal Caribbean partners with SpaceX’s Starlink for onboard internet
Royal Caribbean International’s Anthem of the Seas cruise ship calls at Greenock port on July 22, 2021 in Greenock, Scotland. Jeff J Mitchell | Getty Images Royal Caribbean Cruises will begin offering onboard internet via SpaceX’s Starlink satellite network, the cruise line company announced Tuesday. The partnership is an effort to combat historically bad internet […]
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