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Renault's new Bigster SUV helps it beat third-quarter sales forecast
Reuters· 2025-10-23 05:06
Renault Group beat forecasts with a 6.8% rise in third-quarter revenue on Thursday, as popular new models such as the Dacia Bigster and its financial services business offset a weaker commercial vehic... ...
Alibaba launches AI chatbot service in renewed consumer push
Reuters· 2025-10-23 04:58
Alibaba launched a new AI chatbot assistant service on Thursday, refreshing its push into a consumer-facing space that is dominated by ByteDance and Tencent. ...
Georgia Governor Kemp visits South Korea to meet Hyundai, LG officials, media report says
Reuters· 2025-10-23 02:25
Core Insights - The governor of Georgia, Brian Kemp, is scheduled to meet with South Korean business leaders, including executives from Hyundai Motor and LG Energy Solution [1] Group 1 - The meeting comes months after an immigration raid in Georgia that resulted in the detention of hundreds of Korean workers [1]
Trump administration in talks to take stakes in quantum-computing firms, WSJ reports
Reuters· 2025-10-23 02:07
Core Insights - The U.S. administration is engaging with multiple quantum-computing companies to acquire equity stakes in return for federal funding [1] Group 1 - The discussions involve several quantum-computing firms, indicating a strategic interest from the government in advancing this technology sector [1] - The initiative suggests a potential increase in federal investment in quantum computing, which could enhance innovation and competitiveness in the industry [1]
Automakers urge Trump not to impose tariffs on factory robots, machinery
Reuters· 2025-10-22 22:42
Core Viewpoint - A coalition representing nearly all major automakers has requested the Trump administration to refrain from imposing tariffs on factory robots and machinery [1] Group 1 - The automakers argue that tariffs on factory robots and machinery could negatively impact the automotive industry [1] - The group emphasizes the importance of these technologies for maintaining competitiveness and innovation within the industry [1] - The request highlights concerns over potential increased costs and disruptions in the supply chain due to tariffs [1]
Williams pumps $1.9 billion into Woodside's Louisiana LNG venture
Reuters· 2025-10-22 22:37
Core Insights - U.S.-based Williams will invest $1.9 billion in the development of LNG facilities and a pipeline for Woodside Energy's $17.5 billion liquefied natural gas project in Louisiana [1] Company Summary - Williams is committing significant capital to enhance its infrastructure in support of Woodside Energy's large-scale LNG project [1] - The investment reflects a strategic move to strengthen partnerships in the energy sector, particularly in liquefied natural gas [1] Industry Summary - The liquefied natural gas sector is witnessing substantial investments, with Woodside Energy's project valued at $17.5 billion, indicating robust growth potential in the industry [1] - The collaboration between U.S. and Australian companies highlights the increasing globalization of energy projects and the importance of cross-border investments in LNG [1]
NextSilicon reveals new processor chip in challenge to Intel, AMD
Reuters· 2025-10-22 22:21
Core Insights - NextSilicon, an Israeli startup, is developing a central processor aimed at competing with industry giants Intel and AMD [1] - The company's chips are currently under evaluation by U.S. national laboratories, indicating potential interest and validation from significant governmental entities [1] Company Overview - NextSilicon is focused on creating advanced computing chips that could position it as a formidable player in the semiconductor industry [1] - The startup's ambition to rival established companies like Intel and AMD highlights its innovative approach and potential for disruption in the market [1] Industry Context - The semiconductor industry is highly competitive, with major players like Intel and AMD dominating the market [1] - The evaluation of NextSilicon's technology by U.S. national labs suggests a growing interest in alternative chip manufacturers, which could lead to increased competition and innovation within the sector [1]
US crude futures up $1.3 after US sanctions Russia's Rosneft, Lukoil and says more to come
Reuters· 2025-10-22 22:17
Core Viewpoint - U.S. crude futures increased by $1.3 to $59.81 per barrel following the imposition of sanctions on major Russian oil companies Rosneft and Lukoil [1] Group 1 - The U.S. government has imposed sanctions on Rosneft and Lukoil, which are significant players in the oil industry [1] - The rise in crude futures indicates a market reaction to geopolitical events affecting oil supply [1]
Waymo to manually test autonomous vehicles at Newark airport
Reuters· 2025-10-22 22:15
Alphabet's Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main ai... ...
FirstEnergy beats quarterly profit estimates on higher rates and strong demand
Reuters· 2025-10-22 22:02
Core Viewpoint - FirstEnergy exceeded Wall Street profit expectations for the third quarter, driven by increased electricity rates and strong demand from both commercial and residential sectors [1] Company Summary - FirstEnergy reported a profit that surpassed analysts' forecasts for the third quarter [1] - The company's performance was bolstered by higher electricity rates [1] - There was notable demand growth from both commercial and residential customers [1] Industry Summary - The utility sector is experiencing upward pressure on electricity rates, contributing to improved profitability for companies like FirstEnergy [1] - Increased demand in both commercial and residential markets indicates a positive trend in the utility industry [1]