Oct 28 (Reuters) - Elon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc (TWTR.N) private and took ownership of the influential social media platform by firing top executives immediately."The bird is freed," he tweeted in an apparent nod to his desire to see the company has fewer limits on content that can be posted. But Musk provided little clarity on how he will achieve his goals. read more Earlier this month, Musk brought the deal back on the table after previously trying to walk away from it. Musk had said he was excited to buy Twitter but he and his...…Oct 28 (Reuters) - Elon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc (TWTR.N) private and took ownership of the influential social media platform by firing top executives immediately."The bird is freed," he tweeted in an apparent nod to his desire to see the company has fewer limits on content that can be posted. But Musk provided little clarity on how he will achieve his goals. read more Earlier this month, Musk brought the deal back on the table after previously trying to walk away from it. Musk had said he was excited to buy Twitter but he and his...WW…

By , The global leader in semiconductors is benefiting from higher demand for chips from laptop makers and data centres amid the coronavirus-driven shift to working from home, even as its mobile and consumer electronics businesses suffer.Samsung said operating profit was expected to be 6.4 trillion won ($5.2 billion) in the quarter ended March, compared with 6.2 trillion won a year ago and the 6.2 trillion won estimate from analysts according to Refinitiv SmartEstimate.Revenue likely rose 5% to 55 trillion won from a year ago, in line with the 55.6 trillion won estimate.The maker of...…By , The global leader in semiconductors is benefiting from higher demand for chips from laptop makers and data centres amid the coronavirus-driven shift to working from home, even as its mobile and consumer electronics businesses suffer.Samsung said operating profit was expected to be 6.4 trillion won ($5.2 billion) in the quarter ended March, compared with 6.2 trillion won a year ago and the 6.2 trillion won estimate from analysts according to Refinitiv SmartEstimate.Revenue likely rose 5% to 55 trillion won from a year ago, in line with the 55.6 trillion won estimate.The maker of...WW…

By SEOUL (Reuters) - Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.The report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after another local media outlet said the companies aimed to launch a self-driving electric car in 2027, sending Hyundai shares up nearly 20%.Hyundai Motor declined to comment on the report on Sunday, and reiterated Friday’s comments that it has received requests for potential...…By SEOUL (Reuters) - Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.The report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after another local media outlet said the companies aimed to launch a self-driving electric car in 2027, sending Hyundai shares up nearly 20%.Hyundai Motor declined to comment on the report on Sunday, and reiterated Friday’s comments that it has received requests for potential...WW…

By , CHENNAI, India/SEOUL (Reuters) - Indian police have filed a culpable homicide complaint against an LG Chem subsidiary over a toxic gas leak at its chemical plant in the south of the country that killed 11 people and forced 800 into hospital for treatment from poisoning.A day after the leak, authorities doubled the evacuation area around the factory in Andhra Pradesh to a 5 kilometre (3 mile) radius, waking residents in the middle of the night and herding them into buses in case more poison should escape.Police took to the streets with loudhailers to tell residents to leave their homes...…By , CHENNAI, India/SEOUL (Reuters) - Indian police have filed a culpable homicide complaint against an LG Chem subsidiary over a toxic gas leak at its chemical plant in the south of the country that killed 11 people and forced 800 into hospital for treatment from poisoning.A day after the leak, authorities doubled the evacuation area around the factory in Andhra Pradesh to a 5 kilometre (3 mile) radius, waking residents in the middle of the night and herding them into buses in case more poison should escape.Police took to the streets with loudhailers to tell residents to leave their homes...WW…

Register now for FREE unlimited access to Reuters.comWASHINGTON, April 16 (Reuters) - NASA awarded billionaire entrepreneur Elon Musk's space company SpaceX a $2.9 billion contract to build a spacecraft to bring astronauts to the moon as early as 2024, the agency said on Friday, picking it over Jeff Bezos' Blue Origin and defense contractor Dynetics Inc.Bezos and Musk - the world's first and third richest people respectively, according to Forbes - were competing to lead humankind's return to the moon for the first time sine 1972.Musk's SpaceX bid alone while Amazon.com founder Bezos's Blue...…Register now for FREE unlimited access to Reuters.comWASHINGTON, April 16 (Reuters) - NASA awarded billionaire entrepreneur Elon Musk's space company SpaceX a $2.9 billion contract to build a spacecraft to bring astronauts to the moon as early as 2024, the agency said on Friday, picking it over Jeff Bezos' Blue Origin and defense contractor Dynetics Inc.Bezos and Musk - the world's first and third richest people respectively, according to Forbes - were competing to lead humankind's return to the moon for the first time sine 1972.Musk's SpaceX bid alone while Amazon.com founder Bezos's Blue...WW…

Register now for FREE unlimited access to Reuters.comWASHINGTON/SEOUL, April 11 (Reuters) - South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over trade secrets dispute, avoiding a potential setback for U.S. electric-vehicle (EV) ambitions.The settlement by affiliates of two of South Korea's biggest conglomerates comes hours before a Sunday deadline for the administration of President Joe Biden to decide whether to take the rare step of reversing a U.S. International Trade Commission decision (ITC).The core dispute had threatened the EV...…Register now for FREE unlimited access to Reuters.comWASHINGTON/SEOUL, April 11 (Reuters) - South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over trade secrets dispute, avoiding a potential setback for U.S. electric-vehicle (EV) ambitions.The settlement by affiliates of two of South Korea's biggest conglomerates comes hours before a Sunday deadline for the administration of President Joe Biden to decide whether to take the rare step of reversing a U.S. International Trade Commission decision (ITC).The core dispute had threatened the EV...WW…

Register now for FREE unlimited access to Reuters.comWASHINGTON/SEOUL, April 11 (Reuters) - South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over trade secrets dispute, avoiding a potential setback for U.S. electric-vehicle (EV) ambitions.The settlement by affiliates of two of South Korea's biggest conglomerates comes hours before a Sunday deadline for the administration of President Joe Biden to decide whether to take the rare step of reversing a U.S. International Trade Commission decision (ITC).The core dispute had threatened the EV...…Register now for FREE unlimited access to Reuters.comWASHINGTON/SEOUL, April 11 (Reuters) - South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over trade secrets dispute, avoiding a potential setback for U.S. electric-vehicle (EV) ambitions.The settlement by affiliates of two of South Korea's biggest conglomerates comes hours before a Sunday deadline for the administration of President Joe Biden to decide whether to take the rare step of reversing a U.S. International Trade Commission decision (ITC).The core dispute had threatened the EV...WW…

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd WiegmannRegister now for FREE unlimited access to Reuters.comWASHINGTON, March 24 (Reuters) - Tesla Inc is pressing a U.S. appeals court to immediately reinstate a 2016 Obama regulation more than doubling penalties for automakers who fail to meet fuel efficiency requirements, according to court filings.The Trump administration on Jan. 14 delayed the start of higher penalties until the 2022 model year. Tesla told the Second Circuit U.S. Court of Appeals the Trump action was...…The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd WiegmannRegister now for FREE unlimited access to Reuters.comWASHINGTON, March 24 (Reuters) - Tesla Inc is pressing a U.S. appeals court to immediately reinstate a 2016 Obama regulation more than doubling penalties for automakers who fail to meet fuel efficiency requirements, according to court filings.The Trump administration on Jan. 14 delayed the start of higher penalties until the 2022 model year. Tesla told the Second Circuit U.S. Court of Appeals the Trump action was...WW…

By , , SAN FRANCISCO/SHANGHAI (Reuters) - Qualcomm Inc is struggling to keep up with demand for its processor chips used in smartphones and gadgets, as a chip shortage that first hit the auto industry spreads across the electronics business, industry sources told Reuters.Samsung Electronics Co Ltd, the world’s largest smartphone maker, is experiencing a shortage of Qualcomm’s application processors, the heart of smartphones, two people at suppliers for the South Korean giant told Reuters.Demand for Qualcomm’s chips has soared in the past months as Android phone makers seek to win over...…By , , SAN FRANCISCO/SHANGHAI (Reuters) - Qualcomm Inc is struggling to keep up with demand for its processor chips used in smartphones and gadgets, as a chip shortage that first hit the auto industry spreads across the electronics business, industry sources told Reuters.Samsung Electronics Co Ltd, the world’s largest smartphone maker, is experiencing a shortage of Qualcomm’s application processors, the heart of smartphones, two people at suppliers for the South Korean giant told Reuters.Demand for Qualcomm’s chips has soared in the past months as Android phone makers seek to win over...WW…

Register now for FREE unlimited access to Reuters.comSEOUL/BERLIN/SHENZHEN, China, Dec 17 (Reuters) - Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis. The problem has several causes, industry executives and analysts say, including bulk-buying by U.S. sanctions-hit Chinese tech giant Huawei Technologies (HWT.UL), a fire at a chip plant in Japan, coronavirus lockdowns in Southeast Asia, and a strike in France. More...…Register now for FREE unlimited access to Reuters.comSEOUL/BERLIN/SHENZHEN, China, Dec 17 (Reuters) - Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays as consumer demand bounces back from the coronavirus crisis. The problem has several causes, industry executives and analysts say, including bulk-buying by U.S. sanctions-hit Chinese tech giant Huawei Technologies (HWT.UL), a fire at a chip plant in Japan, coronavirus lockdowns in Southeast Asia, and a strike in France. More...WW…