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  • Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025

    November 19, 2018 4:00 AM 103

    SINGAPORE (Reuters) - Southeast Asia’s internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media

  • Apple Black Friday deals: Here are some of the best iPhone, MacBook and iPad deals out there

    November 16, 2018 6:33 PM 107

    Black Friday deals on Apple's iPhone, iPad and MacBook are so numerous across so many retailers that you might need a spreadsheet to track them all. We'll avoid the spreadsheet (for now) and show a selection of some of the best deals – so far – that are available for Black Friday – though some deals start early or are live now. Starting on Nov. 22, Walmart

  • Volkswagen expects to be the most profitable maker of electric cars

    November 16, 2018 3:07 PM 110

    WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale. Even first generation vehicles, which start rolling off production lines next year, are expected to make a positive contribution

  • VW says could build up to 15 million electric cars

    November 16, 2018 1:42 PM 108

    FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday. Automotive News on Monday quoted Diess as saying that VW could build 50 million electric

  • Volkswagen to spend 44 billion euros on electric, autonomous cars by 2023

    November 16, 2018 1:42 PM 117

    WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) on Friday said it will spend 44 billion euros on electric cars, digitalization, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars. The carmaker also plans to increase productivity of its factories by 30 percent by 2025, by building

  • WhatsApp’s geeky ‘new update’ will change the dating game forever

    November 15, 2018 3:36 PM 121

    File photo: The WhatsApp messaging application is seen on a phone screen August 3, 2017. (REUTERS/Thomas White) WhatsApp could be launching a new update that is set to make awkward number-swapping with your crush a thing of the past. Clever software is reportedly being developed that will allow users to instantly share their contact details — without

  • Factbox: Amazon to get billions in breaks for HQ2 development

    November 13, 2018 7:39 PM 109

    (Reuters) - Inc (AMZN.O) said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC. Each would have up to 25,000 jobs and Amazon will create a new facility in Nashville with 5,000 jobs. The retailer

  • WeWork gets $3 billion in new funding from SoftBank

    November 13, 2018 4:16 PM 121

    (Reuters) - U.S. shared office space provider WeWork Cos has secured an additional $3 billion in funding from Japan’s SoftBank Group Corp, according to an investor presentation seen by Reuters. The latest funding was in the form of a warrant, under which SoftBank will pay WeWork $1.5 billion on Jan. 15 and the remaining on April 15. WeWork in July said it had raised

  • China says U.S. controls on semiconductor firm break WTO rules

    November 13, 2018 12:49 PM 117

    GENEVA (Reuters) - The U.S. decision to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property breaks World Trade Organization rules and aims to protect a U.S. monopoly, China told a WTO meeting on Tuesday. The meeting took place with the world’s top two economies already locked in a trade dispute

  • VW capable of building 50 million electric vehicles: CEO in Automobilwoche

    November 12, 2018 1:13 PM 117

    FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) electric vehicle platform and battery procurement plans are being readied to handle production of 50 million vehicles, Chief Executive Herbert Diess told German trade publication Automobilwoche. The electric vehicle platform has been “booked” for 50 million cars, Diess said, adding that battery procurement