Tag: Technology
Intercede Group Shares Rise on Market Beat Forecast
[ad_1] By Ian Walker Intercede Group shares rose as much as 18% after the company said that it expects to beat fiscal 2024 market forecasts following the award of a new contract, together with its existing order pipeline. Shares at 1425 GMT were up 13.50 pence, or 14.5%, at 106.50 pence having peaked at 110.0 pence earlier in the session. The London-listed cybersecurity company said Wednesday that it has been awarded a license order worth $1.0 million with a new client in the U.S. intelligence community. The client will also pay an annual subscription of $200,000, it said. The company ... Read more
China’s Nio Unveils Executive EV to Take on Panamera
[ad_1] Chinese electric carmaker Nio Inc. unveiled a flagship sedan at its annual customer event Saturday, with the vehicle set to take on Porsche AG’s Panamera series and Mercedes-Benz Group AG’s luxury S range. The four-seater executive sedan dubbed ET9 is expected to start delivery in the first quarter of 2025, with an estimated starting price at around 800,000 yuan ($112,000). It is more expensive than Tesla Inc.’s Model S, which starts at 698,900 yuan in China. [ad_2] Source link
Tesla recalls 120,000 vehicles over potentially faulty doors that could open in a crash
[ad_1] Tesla is recalling more than 120,000 vehicles over doors that fail to comply with U.S. government regulations. In a letter posted on the National Highway Traffic Safety Administration’s website Thursday, Tesla acknowledged the affected doors can be unlocked during a crash, which could cause the door to unlatch and open, increasing the risk of injury. Affected vehicles include Tesla Models S and X manufactured for model years 2021 through 2023. Tesla said it was not aware of any injuries as a result of the issue as of Dec. 14. As a remedy, Tesla is releasing an over-the-air (OTA) software update free ... Read more
CNBC Daily Open: Markets rebound to welcome Santa Claus rally
[ad_1] A Christmas tree stands in front of the New York Stock Exchange (NYSE) in New York on December 1, 2023. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Restarting the rallyU.S. stocks shook off losses from the previous day to restart their rally Thursday, buoyed by a strong showing from chipmakers. Asia-Pacific markets traded mixed ... Read more
TSMC Chairman Mark Liu to retire in 2024, CEO recommended as successor
[ad_1] The company logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Company Chairman Mark Liu plans to retire in 2024, the company said in a statement Tuesday. “Chairman Dr. Mark Liu has decided not to seek the nomination of TSMC board membership for the next term and will retire from the company after the 2024 annual shareholders meeting,” said TSMC. The board plans to have vice chairman and CEO C.C. Wei succeed ... Read more
Vodafone shares surge after Iliad proposes $11.4 billion merger of Italian units
[ad_1] Vodafone VOD, +5.98% shares surged on Monday after French telecoms company Iliad submitted proposals to merge its Italy operations with the British firm’s own struggling Italian business, in a deal worth €10.45 billion ($11.4 billion). Vodafone Italia will be merged into the new company – dubbed NewCo – as its parent company has struggled to boost the Italian unit’s performance amid a price war in the country’s phone market. Shares in Vodafone surged 7% on Monday, having lost 20% of their value over the previous 12 months. Under the proposals, Iliad, which is majority owned by French billionaire Xavier ... Read more
Can AI Help You Die?
[ad_1] Doctors can be slow to talk about the end of the traditional medical road. When they’ve been trying to manage a life-threatening illness or keep a terminal patient alive, bringing up palliative or hospice care can feel like giving up. But these options can radically improve quality of life, or the end of life, when traditional medicine hasn’t helped enough—if patients and their doctors figure it out in time. Some providers just don’t recognize when the end is near until it’s very near, says Mihir Kamdar, a doctor at Massachusetts General Hospital in Boston who heads clinical health at ... Read more
TikTok and GoTo team up in Indonesia, threatening Southeast Asia’s e-commerce giant
[ad_1] BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shopee, the e-commerce arm of Southeast Asian tech giant Sea Limited, may face “greater pressure” from the combined forces of GoTo’s Tokopedia and TikTok in Indonesia, analysts said. On Monday, GoTo and TikTok announced a “mutually beneficial strategic partnership” in Indonesia to serve micro-, small- and medium-sized companies, which make up more than 90% of business merchants in the country. GoTo is a merger ... Read more