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Exclusive: Ford Motor, SK Innovation to announce EV battery joint venture – sources

Ford Motor Co and South Korean battery maker SK Innovation are set to launch a battery joint venture in the United States to support the ramp-up of the No. 2 U.S. automaker's electric vehicle rollout, two people familiar with the matter said.

Markets

Dollar steadies ahead of Fed, cryptos plummet after China move

The dollar steadied amid a broad equity market sell-off on Wednesday, hovering near multi-month lows as market participants looked to the Fed for any change in nuance that could shed light on its monetary outlook.

Markets

Stocks extend losses following Fed minutes; yields rise

Stock indexes globally added to declines in choppy trading on Wednesday following the release of minutes from the latest U.S. Federal Reserve meeting, while the 10-year U.S. Treasury yield rose to a session high and the U.S. dollar index gained.

Markets

Tesla shares lag as bitcoin plunges on China crackdown

Shares of Tesla Inc fell 2per cent on Wednesday, faring worse than the broader market, as China's crackdown on cryptocurrencies weighed on the electric car maker, which announced huge investment in bitcoins earlier this year.

Markets

Exclusive – EU wants firm pledges from tech giants in fake news fight

Facebook, Alphabet unit Google and other tech giants will have to pledge to do more to curb the monetisation of false information through advertisement placements, according to a European Commission document seen by Reuters.

Markets

Squarespace valued at US$6.5 billion in market debut

REUTERS: Squarespace Inc was valued at US$6.5 billion in its market debut on Wednesday, after its shares opened 4per cent below their reference price. Shares of the website building and hosting company opened at US$48, down from the reference price of US$50 a share. (Reporting by Niket ...

Markets

Twitter finds its AI tends to crop out Black people, men from photos

Twitter Inc's image-cropping algorithm has a problematic bias toward excluding Black people and men, the company said in new research on Wednesday, adding that "how to crop an image is a decision best made by people."

Markets

Europe regulator sees first flying taxis in 2024 or 2025

Europe could see the first flying taxis enter service as early as 2024, the region's top aviation regulator said on Wednesday.

Markets

Ericsson’s China ambitions in jeopardy over Sweden’s Huawei ban

An upcoming court decision that will decide the future role Huawei can play in Sweden could also be a potential turning point for national champion Ericsson's ambitions in China.

Markets

Self-driving vehicle maker Arrival partners with digital mapping company Here

REUTERS: British electric-van startup Arrival said on Wednesday it had partnered with Here Technologies, a digital mapping company owned by some of Germany's premium carmakers, to provide location and cloud services for its self-driving vehicles. High-quality digital mapping systems are ...

Markets

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