Disney answers activists with gaming investment, ESPN streaming plans
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney CEO Bob Iger hit back at activist investors on Wednesday with a slew of announcements, including a splashy…
Alibaba boosts share buy back as revenues miss estimates
By Casey Hall and Harshita Mary Varghese SHANGHAI (Reuters) – China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering…
Generative AI faces major test as Indonesia holds largest election since boom
By Kate Lamb, Fanny Potkin and Ananda Teresia JAKARTA (Reuters) – Fika Juliana Putri, a 19-year-old shopkeeper in East Jakarta, plans to vote in Indonesia’s presidential election next week for…
US closes probe into 3 million Hyundai, Kia vehicles over fire risks
By David Shepardson WASHINGTON (Reuters) – U.S. auto safety regulators said on Wednesday they have closed an investigation into engine fire risks in 3 million Hyundai Motor and Kia vehicles,…
Power station, the device we all need to get to know
It may be the consequences of inflation, armed conflicts in Europe and the ever-increasing tension gripping world geopolitics, but in the last 24 months, the cost of raw materials has…
Arm shares surge on strong forecast of AI-fueled chip upgrades
By Stephen Nellis, Max A. Cherney and Arsheeya Bajwa (Reuters) – Arm surged more than 30% on Wednesday after the British tech company forecast quarterly sales and profit above Wall…
Plans to ship human ashes, drink container to Moon spark legal debate
By Joey Roulette WASHINGTON (Reuters) – An array of unconventional, privately funded plans to exploit the moon, including as a site for human ashes and sports-drink containers, has gathered steam…
The first mission to produce solar energy in Space was a success
Soon, zero-emission energy to power smartphones and computers could come from solar collectors in space instead of traditional wind farms on Earth. The California institute of Technology (Caltech) is studying the feasibility…
Disney, Fox, Warner Bros Discovery to create joint sports streaming platform
By Dawn Chmielewski (Reuters) – Fox Corp, Walt Disney’s ESPN and Warner Bros Discovery said on Tuesday they will launch a sports streaming service later this autumn to capture younger…
SoftBank seen likely to log first quarterly profit in over a year
By Anton Bridge TOKYO (Reuters) – Japan’s SoftBank Group is expected to post a net profit for the first time in five quarters when the tech investment giant reports earnings…