LATEST ARTICLES

Chinese spacecraft returns to Earth after inaugural flight

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July 16, 2021 BEIJING (Reuters) – A Chinese spacecraft capable of flying to the edge of the atmosphere took off and returned to Earth on the same day in what China said was a big step towards developing reusable space transportation technology. The spacecraft lifted off from a launch centre in northwest China on Friday and...

Hong Kong watchdog says Binance not licensed to sell stock tokens in city

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July 16, 2021 By Alun John HONG KONG (Reuters) -Hong Kong’s markets watchdog on Friday said Binance, one of the world’s largest cryptocurrency exchanges, was not licensed to sell ‘stock tokens’ in the city, products it said the exchange had offered in other markets. Hong Kong’s Securities and Futures Commission (SFC) also said in its statement that “no entity in the...

Binance ditches ‘stock tokens’ as global crackdown widens

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July 16, 2021 By Tom Wilson LONDON (Reuters) -Binance said on Friday it had stopped selling digital tokens linked to shares, as Hong Kong’s financial watchdog became the latest in a string of regulators to crack down on the cryptocurrency exchange platform’s “stock tokens” offerings. Stock tokens are digital versions of equities pegged to the value of the relevant share. They...

Ericsson’s 5G march hits a wall in China, shares sink

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July 16, 2021 By Supantha Mukherjee STOCKHOLM (Reuters) -Sweden’s Ericsson, caught in the middle of a geopolitical battle between Beijing and the West, said on Friday it was no longer banking on previously anticipated contract wins for 5G tenders in China, sending its shares down more than 8%. The telecoms company has previously warned that its business in China could fall afoul...

At APEC, TSMC founder attacks efforts to ‘on-shore’ chip supply chains

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July 16, 2021 TAIPEI (Reuters) – The founder of chip giant TSMC appeared to take a dig at both the United States and China on Friday over their efforts to become self-sufficient at making semiconductors, saying this would drive up costs and limit technological advances. China and the United States, propelled by their trade war and their...

Paralysed IndyCar driver races again in hi-tech Corvette

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July 16, 2021 (This Jul.15 story corrects to remove reference to ‘Indy 500’ in first paragraph) By Matthew Stock GOODWOOD, England (Reuters) – Since the age of five, Sam Schmidt’s ambition was to be an IndyCar champion. And he achieved it, winning at the Las Vegas Motor Speedway in 1999. A glorious racing career beckoned.     But months...

Pakistan moves to bring cryptocurrency boom out of the dark

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July 16, 2021 By Umar Farooq ISLAMABAD (Reuters) – Once a week Ghulam Ahmed, 38, takes time out from his cryptocurrency consulting business to log into a WhatsApp group with hundreds of members eager to learn how to mine and trade cryptocurrency in Pakistan.   From housewives looking to earn a side income to wealthy investors wanting to...

Amazon-backed Rivian to delay first EV deliveries until September

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July 16, 2021 (Reuters) -Amazon.com Inc-backed electric-vehicle startup Rivian Automotive will delay the deliveries of its debut vehicle by more than a month due to supply chain issues, according to a letter written by its CEO to customers. Rivian, seen as a potential Tesla Inc rival, said the timing for the first deliveries of its R1T pickup initially slated for July...

Lidar supplier AEye inks deals with Continental, TuSimple

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July 16, 2021 (Corrects spelling of Aeva Technologies in penultimate paragraph) By Stephen Nellis (Reuters) -Self-driving sensor maker AEye Inc on Wednesday said it had struck deals with German automotive supplier Continental AG and autonomous trucking firm TuSimple related to its technology. AEye makes what is called lidar, which helps self-driving vehicles gain a three-dimensional view of the road using laser light....

Shanghai city to regulate data from smart vehicle testing

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July 17, 2021 SHANGHAI (Reuters) – Shanghai city has issued draft regulations to safeguard data generated during testing of smart vehicles, underscoring China’s growing concern about data security. In a statement issued on Friday, the Shanghai Economic and Information Technology Commission said it will require that entities conducting vehicle testing and demonstrations properly handle the acquisition, processing,...