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Exclusive: Tesla reads revamped Model 3 with project ‘Highland’ -sources

Exclusive: Tesla reads revamped Model 3 with project ‘Highland’ -sources Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year -old electric sedan. One focus …

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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone …

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Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn apologises for pay-related error at China iPhone plant after worker unrest Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, terms Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” …

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Sony to expand Chinese game incubator in Microsoft head-to-head

Sony to expand Chinese game incubator in Microsoft head-to-head HONG KONG, Nov 23 (Reuters) – Sony Group Corp (6758.T) said it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The program will invest more than 1 million yuan ($140,080) in …

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Stick-wielding men smash surveillance cameras at China iPhone plant

Stick-wielding men smash surveillance cameras at China iPhone plant SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday. Hundreds of workers protested …

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Gamers lament end of Warcraft in China as Blizzard and NetEase part ways

Gamers lament end of Warcraft in China as Blizzard and NetEase part ways Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) and NetEase (9999.HK) caused dismay among thousands of gamers on Thursday by saying hits such as ‘World of Warcraft’ will not be available in China from next year as a 14 -year partnership ended. NetEase …

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Banking giants and New York Fed start 12-week digital dollar pilot

Banking giants and New York Fed start 12-week digital dollar pilot NEW YORK, Nov 15 (Reuters) – Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigroup Inc , HSBC Holdings Plc (HSBA.L), Mastercard Inc (MA.N) and Wells Fargo & Co …

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Buffett’s Berkshire discloses $4.1 billion TSMC stake

Buffett’s Berkshire discloses $4.1 billion TSMC stake Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan …

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SoftBank shares tumble after Vision Fund reports another big loss

SoftBank shares tumble after Vision Fund reports another big loss TOKYO, Nov 14 (Reuters) – Shares in Japan’s SoftBank Group Corp (9984.T) plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13% in early afternoon trade – heading for their …

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