The U.S. wants to hobble Beijing’s bid to dominate global chip production and stop it acquiring semiconductors that could enhance its military power. EU countries and lawmakers are likely to clinch a deal on a multi-billion euro plan to boost the bloc’s semiconductor industry on April 18, sources with direct knowledge of the matter said […]

Tesla sold 88,869 units of China-made electric vehicles (EV) in March for both domestic sales and exports, up 35.0 per cent from a year ago, data published by the China Passenger Car Association (CPCA) showed on Tuesday. That was up 19.4 per cent from February, when the U.S. electric car maker delivered 74,402 China-made Model

Siemens has launched an investigation after Der Spiegel reported a former programmer from Russian IT company NTC Vulkan – which has reported links to Russian security services – worked for the German engineering and tech company. The German news magazine said the worker was now employed by Siemens in Munich. “We take this seriously and

Troubled Indian car service and repair startup GoMechanic has been acquired by a consortium led by Lifelong Group, the auto parts firm said. It did not give any financial details of the transaction. The development comes barely two months after the startup’s co-founder Amit Bhasin admitted to errors in the company’s financial reporting. The company

Apple will use parts created by iPhone 3D sensor supplier for its long-rumoured electric vehicle, the media reported. According to sources, Apple Car will use new sensors to enhance its LiDAR capabilities that will sense the road ahead, reports AppleInsider. The long-rumoured car will likely feature some form of self-driving facility, which the tech giant

Indian financial technology company Paytm Payments Services Ltd has received an extension from the country’s banking regulator to apply for a payment aggregator licence and aims to reapply in about 15 days, the company said. Paytm Payments Services, in the meantime, can continue with the online payment aggregation business for its existing partners, without taking

Canadian Prime Minister Justin Trudeau said that he was happy his recent ban on the use of Chinese-owned social media app TikTok from government-issued devices meant his children could no longer access the platform. Speaking at a joint news conference with US President Joe Biden in Ottawa, Trudeau said: “Our concerns around TikTok are around

Cryptocurrency exchange Binance has suspended deposits and withdrawals on its platform due to technical issues affecting its spot trading, Chief Executive Changpeng Zhao said in a tweet on Friday. “Initial analysis indicates matching engine encountered a bug on a trailing stop order,” he said in a tweet, adding that the pause in deposits and withdrawals

Amazon.com Inc on Wednesday raised the minimum starting pay for its employees at the UK operations to between 11 pounds ($13.50) and 12 pounds per hour. The move comes after workers at an Amazon warehouse in Coventry, central England, had struck work for several days in a dispute over pay earlier this year. The increase

Twitter CEO Elon Musk on Saturday said that the micro-blogging platform will open source all code used for recommending tweets on March 31. Musk tweeted: “Twitter will open source all code used to recommend tweets on March 31.” “Our ‘algorithm’ is overly complex and not fully understood internally. People will discover many silly things, but