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Electric vehicles
Beijing’s tougher regulations thwart Big Tech’s electric vehicle dreams
...The start-up has been almost bankrupted and was forced to lay off most of its workforce after failing to obtain an EV production licence....
August 7, 2023
Uber Technologies Inc
Uber launches flight bookings in UK travel ‘super app’ push
...Uber has partnered with travel booking company Hopper to sell flights, and will take a small commission from each sale. It also has the option of adding a booking fee on top in the future....
May 10, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Covid-19 vaccines
Hedge fund urges board shake-up at Novavax over struggling Covid vaccine
...In January, the company announced it was sacking 12 per cent of its workforce, after cutting a quarter of jobs in an earlier lay-off round....
April 15, 2024
US & Canadian companies
Gopuff turns to rival Uber for rapid delivery help
...According to industry research by YipitData, Gopuff’s sales fell 17 per cent in January 2023 compared with the previous year....
March 27, 2023
ReviewFilm
Flamin’ Hot — Eva Longoria directs a spicy rags to riches tale
...Enter Richard Montañez (Jesse Garcia), a Mexican-American man who started working as a janitor at Frito-Lay in the 1970s....
June 8, 2023
LexIPOs
Reddit IPO targets low float and low valuation Premium content
...At $5bn, Reddit would be valued on a multiple of just over six times estimated trailing sales. That would put it well below both Meta and online scrapbook Pinterest....
February 6, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
Hasbro Inc
Hasbro: slowdown in sales spells trouble in toy land Premium content
...Hasbro, home to Play-Doh, Monopoly and Transformers action figures, this week said it will cut about 1,100 jobs, on top of 800 lay-offs that have already taken place this year....
December 12, 2023
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...The lay-offs and lower-than-expected production projection come as EV sales are growing at a slower rate in the US....
February 21, 2024
Unhedged
Uber’s Dara Khosrowshahi defends buyback policy
...They can be focused on work rather than networking for their next job in case there is a lay-off....
February 28, 2024
Amazon.com
Amazon predicts cloud growth will gain steam as earnings bounce back
...Despite a spate of recent lay-offs that followed deeper cuts last year, Olsavsky said most Amazon teams were “looking to hold the line on headcount”....
February 2, 2024
Exchange traded funds
European ETFs on track for second-highest annual inflows on record
...ETF promoters in Europe gathered €17.8bn of net new money last month, far above the sector’s rolling 12-month average of €12bn, the research company found....
December 21, 2023
UK politics
Senior UK MPs raise concerns over TikTok’s ownership
...Byrne said he planned to lay an amendment to the digital markets, competition and consumers bill when it returns to the Commons....
March 21, 2024
Electric vehicles
Tesla rival Nio secures $2.2bn investment from Abu Dhabi fund
...Monthly sales of plug-in hybrid and pure battery cars in China rose above 1mn for the first time in November, according to data from Automobility, a Shanghai consultancy....
December 18, 2023
News in-depthNIO, Inc
Inside Nio: Electric car group’s boss William Li and his fight for survival
...financial sustainability of his premium electric vehicles business, which, nearly a decade after being founded in 2014, remains in a fight for survival as it struggles with heavy losses and the high costs of rolling...
December 29, 2023
Alphabet Inc
Alphabet revenue beats forecasts despite softer than expected cloud growth
...Resilient advertising revenues helped Google parent Alphabet surpass expectations for sales in the third quarter, though a weaker than expected performance in its cloud computing division disappointed investors...
October 24, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Tobacco
FDA issues ban on RJ Reynolds menthol-flavoured vapes in US
...The FDA has granted approval for just 23 new tobacco-flavoured vaping devices under its rolling review of 26mn e-cigarettes. This commenced in 2020 and has yet to approve a single flavoured vape....
October 12, 2023
Unhedged
Better growth = more uncertainty Premium content
...The final nail in the coffin of the peak rates story was yesterday’s retail sales report for September. It showed that retail sales rose 0.7 per cent from the month before, well ahead of expectations....
October 18, 2023
Meta Platforms
Meta launches AI chatbots for Instagram, Facebook and WhatsApp
...The “mixed-reality” Quest 3 combines virtual and augmented reality, which overlays digital images on top of the real world, and will go on sale next month for $499.99....
September 27, 2023
News in-depthBaidu Inc
Baidu’s bet on AI could make or break China’s fallen tech group
...With Li shifting his attention to large language models, lay-offs have begun to trim staff numbers and several auto executives exited....
January 5, 2024
Unhedged
Instacart is hard to value Premium content
...The IPO filing says that US grocery sales were about $1.1tn in 2022, and that only 12 per cent of those sales are completed online....
September 12, 2023
WhatsApp Inc
WhatsApp launches in-chat payments service for businesses in India
...“The goal is to help businesses make it more convenient for customers to pay right within a chat, which will help them close more sales,” added a WhatsApp spokesperson....
September 20, 2023
Ecommerce
TikTok takes on Shopee and Tokopedia in Asean ecommerce race
...A version of this article was first published by Nikkei Asia on August 4. ©2023 Nikkei Inc. All rights reserved....
August 9, 2023
News in-depthUS economy
Why wealthy Americans are reining in discretionary spending
...“Earlier in the year, when we had the tech lay-offs and the concerns about the banking sector stability, it was that high income group that pulled back a bit more,” said Kayla Bruun, senior economist at...
July 23, 2023
Citigroup Inc
Citigroup abandons long-planned sale of Banamex to pursue IPO
...Mexico’s government complicated Citi’s sales process by requiring concessions, including one that would have largely protected workers from lay-offs....
May 24, 2023
Virtual and Augmented Reality
Virtual reality start-ups pin hopes on Apple to lure back funding
...“People are struggling to fundraise, enterprises are slowing their investments in mixed reality and Meta has done several rounds of lay-offs,” Petryaevskaya said....
June 3, 2023

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