Business
LG Energy Solution to license out battery patents to block tech infringement, exec says
By Heekyong Yang SEOUL (Reuters) - LG Energy Solution said on Wednesday it would launch a new business model of licensing out its battery technologies next month, as infringements of the South Korean company's patents surge with competition to ...
Tesla prices Model 3 performance version at $46,364 in China, to deliver from Q3
BEIJING (Reuters) - Tesla Inc has priced its latest Model 3 performance version vehicle at 335,900 yuan ($46,364.29) in China. The automaker will start delivery of the vehicle from the third quarter this year, according to a notice. ($1 = 7.2448 ...
Tesla could start selling Optimus robots by the end of next year, Musk says
By Akash Sriram (Reuters) - Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as the end of next year, chief executive Elon Musk said on Tuesday. Several companies have been betting on humanoid robots to meet ...
Japan's corporate service inflation perks up in March
TOKYO (Reuters) - Japan's annual business-to-business service inflation accelerated for the second month to hit 2.3% in March, data showed on Wednesday, suggesting firms continued to pass on rising labour costs thanks to prospects for sustained ...
UK pay settlements edge lower in first quarter, industry survey shows
LONDON (Reuters) - British employers reached slightly lower pay settlements with staff in the three months to the end of March, although early figures for April suggest they picked up again, an industry survey showed on Wednesday. Median basic ...
Musk's X Corp appeals dismissal of lawsuit against anti-hate group
(Reuters) - Elon Musk's X appealed the dismissal of its lawsuit against the nonprofit Center for Countering Digital Hate, which faulted him for letting hate speech spread on the social media platform once known as Twitter. X filed a notice of ...
Lynas Rare Earths' revenue slumps, misses expectations
MELBOURNE (Reuters) -Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia.
First Quantum Minerals cuts debt by over $1 billion in first quarter
(Reuters) - Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter. The company in February had announced a series of capital restructuring measures that would strengthen its balance ...
US is reviewing risks of China's use of RISC-V chip technology
By Stephen Nellis (Reuters) - The U.S. Department of Commerce is reviewing the national security implications of China's work in open-source RISC-V chip technology, according to a letter sent to U.S. lawmakers. RISC-V, pronounced "risk five," ...
LME moves to stop gaming of Russian aluminium sanctions-based rule
LONDON (Reuters) - The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply with new sanctions. The U.S. and ...