Technology

BLOOMBERG Samsung Electronics Co reported its worst decline in quarterly revenue since at least 2009, stoking uncertainty over when a year-long electronics and memory chip demand slump will end. The stock slid 2.4% in Seoul, the most in three months, after Samsung reported a larger-than-anticipated 22% decline in sales to 60 trillion won ($46 billion). Operating profit plunged 96% in ...

BLOOMBERG Electric vehicle (EV) sales growth, while still brisk, has begun to slow in the US as inventory of battery-powered models piles up on dealer lots. Sales of plug-in models grew by nearly 50% in the first half of the year, according to data from researcher Motor Intelligence. That’s less than the 65% growth rate for all of 2022 and ...

BLOOMBERG Since Meta Platforms  launched Threads, millions of users have joined the new social platform that promises “positive, productive conversations” — an apparent swipe at the divisive rhetoric that is common on Twitter and other sites. That promise will be more difficult to keep as the app’s popularity grows — it’s so far drawn 70 million users. That early adopter ...

BLOOMBERG Rivian Automotive Inc is ready to take on more commercial partners beyond Amazon.com Inc after a recent bout of production success. “What we saw in Q2 is really the beginnings of the supply chain now running in a healthy way,” Chief Executive Officer RJ Scaringe said in an interview with Bloomberg Television. Rivian sells a consumer pickup truck and ...

BLOOMBERG Meta Platforms Inc’s Instagram officially unveiled Threads, an app designed as a direct rival to Twitter, launching the most serious threat yet to Elon Musk’s struggling social-media site. On Threads, people can post text and links and reply to or repost messages from others. The app will let users port over their existing follower lists and account names from ...

BLOOMBERG  The snake and armadillo-filled scrublands of Northeastern Brazil’s Serra da Babilonia, or Hills of Babylon, are as stunning as a first-rate national park. It’s here where renewable energy is transforming Brazil, and where the country’s green hydrogen economy is getting off the ground. Wind developer Casa dos Ventos just installed 80 turbines. The towers churn out enough power for ...

HOHHOT / WAM As it pledges to peak its carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060, China is striving to establish green and low-carbon data centres with higher computing efficiency while less power consumption, according to China’s state-run news channel, CGTN. A development research report on green computing was released by the China Academy of Information ...

BLOOMBERG  Apple Inc made Wall Street history as the first company with a market value over $3 trillion, the latest sign of big tech’s seemingly unstoppable dominance in equity markets. The iPhonemaker gained 2.3%, adding to a rally that’s added more than $983 billion to its size this year and leaving it roughly a half-trillion dollars above the next-largest company. ...

BLOOMBERG Twitter is imposing a temporary cap on the number of tweets that accounts can see each day, a move that sparked backlash from some users. Twitter owner Elon Musk tweeted that unverified users will be able to view as many as 600 posts daily while Twitter Blue subscribers can see 6,000 posts “to address extreme levels of data scraping” ...

BLOOMBERG  Apple Inc “coercively interrogated” retail employees about their pro-union sympathies and restricted the circulation of union flyers, a US labour board judge ruled, marking a victory for labor organisers at the world’s most valuable company. In a decision, a National Labor Relations Board (NLRB) judge wrote that Apple violated the rights of employees at its World Trade Center store ...