LONDON (Reuters) – United States Secretary of State Mike Pompeo said Tuesday that the United States wants to build a global coalition to counter China as it accused Beijing of exploiting the coronavirus pandemic to further its own interests. United States President Donald Trump identifies China as the United States’ …
Read More »How Tesla defined a new era for the global auto industry
FRANKFURT / BEIJING / DETROIT (Reuters) – Tesla Inc’s (TSLA.O) The rapid rise to become the world’s most valuable automaker could usher in a new era for the global auto industry, defined by a Silicon Valley approach to software that is surpassing old-school manufacturing insights. . FILE PHOTO: Tesla Inc …
Read More »IBM beats estimates; See profit as customers accelerate the move to the cloud
(Reuters) – International Business Machines Corp (IBM.N) topped second-quarter profit estimates on Monday, noting that demand for their cloud computing business would increase as large corporations accelerate their digital change due to the coronavirus crisis. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in …
Read More »Tesla Stock Rally Pushes Some of the First Fanatic Investors to Wealth
NEW YORK / SEOUL (Reuters) – Convinced of Tesla Inc (TSLA.O) Imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a loan of 43,000 euros ($ 49,000) in early October to invest it all in the electric car maker, which at the time was trading at around $ …
Read More »Reliance-Google smartphone deal in India threatens Chinese companies
NEW DELHI (Reuters) – A $ 4.5 billion settlement under which Alphabet’s (GOOGL.O) Google will collaborate with Reliance Industries of India (RELI.NS) On a new smartphone it probably heralds a major shake-up for the world’s second-largest mobile market, industry executives and analysts say. FILE PHOTO: The Reliance Industries logo is …
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