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 WASHINGTON, July 25 (Reuters) - President Joe Biden almost met the chief executives of Lockheed Martin Corp (LMT.N), Medtronic Corp (MDT.N) and Cummins Corp (CMI.N) on Monday. officials, as well as union leaders, as part of the administration's push for legislation to boost the U.S. semiconductor industry. "Congress needs to pass this legislation as quickly as possible," Biden said. "The economic imperative... This bill will accelerate semiconductor manufacturing jobs." Senate Democratic Majority Leader Chuck Schumer said he was delaying the procedural vote until 11 a.m. ET on Tuesday because of severe weather concerns. The bill includes roughly $52 billion in subsidies for U.S. semiconductor production, as well as a new four-year 25 percent tax credit to encourage companies to build semiconductor factories in the U.S. The tax credit is estimated to be around $24 billion. Other provisions include a $1 billion grant program for "ongoing communities." L

 July 25 (Reuters) - Tesla Inc (TSLA.O) said in a regulatory filing on Monday that it has increased its investment plan by $1 billion, which also includes a joint venture with Chief Executive Elon Second subpoena for private tweets disclosed by Elon Musk. 2018. The company now expects to spend $6 billion to $8 billion this year and the next two years, up from a previous spending plan of $5 billion to $7 billion, to boost output at its new plants in Texas and Berlin. Musk said last month that factories were "losing billions of dollars" as it struggled to ramp up production due to battery shortages and port problems in China. Meanwhile, the latest subpoena from the U.S. Securities and Exchange Commission (SEC), issued on June 13, asks for information on compliance with Musk’s 2018 settlement with regulators. Musk settled a SEC lawsuit over his private tweets by agreeing to have company lawyers pre-approve tweets containing material information about the company. The company sai

 Amazon Union (ALU) organizer Gerald Bryson hears union vote results as ALU members celebrate their official victory outside the NLRB office in Brooklyn, New York City, U.S., April 1, 2022 Address the media. REUTERS/Brendan Keder Mead. NEW YORK, July 12 (Reuters) - Amazon employee Gerald Bryson has been taking a manual count for three days when his manager showed him a "supportive feedback document". Thousands of items in warehouse inventory. The 2018 report said Bryson made 22 mistakes, including counting 19 products in a bin that actually had 20. If Bryson made six such mistakes in a year, he would be fired by Amazon.com Inc (AMZN.O) at one of its largest U.S. warehouses, the release said. Internal Amazon documents (not previously reported) show how the company regularly measures employee performance in detail and warns those who are even slightly underperforming — sometimes before the end of their shift. In the year ended April 2020, the company instituted more than 13,000

 Customers wearing face masks shop at Alibaba's Hema Xiansheng chain after the coronavirus outbreak, during the Lunar New Year holiday in Beijing, China, January 27, 2020. Reuters/Wang Tingshu. HONG KONG, July 12 (Reuters) - Alibaba’s (9988.HK) supermarket chain Hema is trying to raise funds worth about $6 billion, well below the as much as $100 it hoped to raise earlier this year, three people familiar with the matter said. billion dollars in funding. The matter told Reuters. They said the company had to lower its valuation expectations after China's COVID-19 restrictions, particularly the severe lockdown in Shanghai, the economic hub, severely affected business. Given the company's bleak outlook, investors are also skeptical that loss-making Hema can continue to grow and turn a profit soon as the world's second-largest economy continues to implement strict policies to eradicate COVID-19 cases, two of the people said. . The supermarket chain, known in China as Hema Xia

 A view of the Monetary Authority of Singapore headquarters in Singapore on June 28, 2017. REUTERS/Darren Whiteside. HONG KONG/SINGAPORE, July 12 - Singapore's ambitious cryptocurrency industry, in some ways the largest in the Asia-Pacific region, faces an uncertain future following the recent collapse of crypto fund Three Arrows Capital, a global digital currency slump. High profile victim. Crypto players in Southeast Asia’s financial hub are bracing for more bankruptcies and lawsuits, with regulators expected to become less lenient at the Monetary Authority of Singapore (MAS), whose welcoming attitude has helped attract companies from China, India and elsewhere. Hoi Tak Leung, an attorney in Ashurst’s senior technology division, said: “Following recent events, it seems likely that MAS will crack down on crypto and digital assets.” According to KPMG, investment in Singapore-based crypto and blockchain companies will grow to $1.48 billion in 2021, a 10-fold increase from the previo

 Micron's solid-state drives for data center customers were unveiled at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis/. OAKLAND, Calif., July 12 — A supply chain crisis triggered by the global pandemic has stripped manufacturers of everything from personal computers and smartphones to cars of the computer chips they need to make their products. All of this changed abruptly in three weeks from late May to June as high inflation, the recent COVID lockdown in China and the war in Ukraine dampened consumer spending, especially on PCs and smartphones expenditure. The chip shortage has turned into a flood in some areas, catching Wall Street by surprise. At the end of June, memory chip company Micron Technology (MU.O) announced it would cut production. Micron’s chief commercial officer, Sumit Sadana, acknowledged that the market reversal took Micron by surprise. As chip earnings season kicks off in the U.S. later this month, TechInsights chip econ

 Jean de La Verpilliere, CEO of Echion Technologies, holds up a commercial-scale prototype battery made from niobium anodes at the battery startup's headquarters in Cambridge, England, on June 13, 2022. REUTERS/Nick Carey.. CAMBRIDGE, United Kingdom, July 11 - In the race for electric vehicles, automakers are focusing on range to ease consumer concerns about charging infrastructure, but battery makers are already working on developing smaller, more Durable, cheaper future batteries that also load faster.. As today's automakers chase market leader Tesla Inc (TSLA.O) and try to build cars that can travel 300 miles (482 kilometers) or more between charges, battery startups expect range to increase becomes less important because chargers for public electric vehicles (EVs) are becoming ubiquitous. Startups are experimenting with materials such as silicon carbon, tungsten and niobium, in search of small batteries that can charge extremely quickly. The battery is the most expensive pa

 A person walks past a GameStop store in Manhattan, New York City, U.S., January 29, 2021. REUTERS/Carlo Allegri. July 7 (Reuters) - GameStop Corp (GME.N) announced on Thursday that it had terminated the hiring of Chief Financial Officer Michael Recupero, sending shares of the video game retailer down 8 percent in after-hours trading. Axios, which first reported the exit, also cited a memo saying it was laying off an undisclosed number of employees. GameStop did not respond to Reuters' request for comment. Shares closed up about 15% in regular trading after the company announced a 4-for-1 stock split late Wednesday. Recupero, who previously served as chief financial officer of Amazon's North American consumer business (AMZN.O), will be succeeded by chief accounting officer Diana Saadeh-Jajeh. GameStop also last year hired Amazon Australia head Matt Furlong as chief executive as part of its focus on online sales in the wake of the pandemic. Both executives were hired as chairman

 A participant wearing a virtual reality (VR) headset at Meta Platforms Inc. on June 16, 2022 at the Viva Technology Innovation and Startup Conference at the Porte de Versailles exhibition center in Paris, France Trying out a VR app at the booth. REUTERS/Benoit Tessier/File photo. July 7 - Meta Platforms Inc (META.O) is changing the way users log into its virtual reality headsets, returning to a previous change of opening an account from the company's flagship Facebook app device while maintaining social connections there the link to. The company will roll out new "meta accounts" starting in August, CEO Mark Zuckerberg said in a Facebook post on Thursday. The social media giant announced plans last year to drop the Facebook login requirement after a backlash from users who previously had separate accounts with Oculus, the virtual reality company Meta, then known as Facebook, acquired in 2014 with access to headsets . With a new login structure, Meta accounts control devic

 In this undated handout image obtained by Reuters on July 5, 2022, FTX CEO Sam Bankman-Fried is photographed at an unspecified location. FTX/handout via REUTERS. July 6 (Reuters) - Sam Bankman-Fried, head of FTX, one of the largest cryptocurrency exchanges, said he and his company still have "billions" on hand to back what could further disrupt the digital asset industry Stable distressed companies, but the worst of the liquidity crisis may be over. Bankman-Fried, 30, from California but living in the Bahamas, where FTX is located, has become a white knight for cryptocurrencies in recent weeks, laying down a lifeline for the faltering digital asset platform as cryptocurrency prices tumbled. Bitcoin is down about 70% from its all-time high of nearly $69,000 in November. "We started getting more companies to approach us," Bankman-Fried said in an interview. While some smaller cryptocurrency exchanges may still fail, the companies are generally not doing badly, he sai

 The Apple Inc logo hangs at the entrance to the Apple Store on Fifth Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar. July 6 (Reuters) - Apple Inc (AAPL.O) announced on Wednesday that it plans to release a new feature this fall called \"Lockdown Mode\" aimed at helping human rights defenders, dissidents and others. People add a new layer of protection. Sophisticated targeted hacking.. The move comes after at least two Israeli companies exploited a flaw in Apple's software to remotely hack into iPhones without the target having to tap or tap anything. NSO Group, the maker of \"Pegasus\" software that can perform such attacks, has been sued by Apple and placed on a trade blacklist by U.S. officials. Locked Mode, which will be available on Apple's iPhones, iPads and Macs this fall, will block most attachments sent to the iPhone's Messages app when turned on. Security researchers believe NSO Group exploited a vulnerability in Apple

 In this image dated January 18, 2022, the Microsoft logo is seen on a smartphone on top of the Activision Blizzard logo displayed. Reuters/Dado Ruvic/Illustration. July 6 (Reuters) - U.K. antitrust regulators said on Wednesday they were opening up a bid by Microsoft (MSFT.O) to buy Call of Duty maker Activision Blizzard (ATVI.O) for $68.7 billion investigation. Britain's Competition and Markets Authority (CMA) said it had until September 1 to make a first-stage decision on whether a deal between the US tech firm and video game maker Activision would reduce competition in the UK. Lisa Tanzi, Microsoft's corporate vice president and general counsel, said in an interview with Reuters: \"We are committed to answering the questions raised by regulators and ultimately believe that a thorough scrutiny will help close the deal with broad confidence and have an impact on competition. Positive impact.\" emailed statement. \"We anticipate and believe it is appropriate for

 Voyager Digital Ltd. CEO and co-founder Stephen Ehrlich speaks at the Piper Sandler Global Exchange and Fintech Conference on June 8, 2022 in New York City, USA. REUTERS/Brendan McDermid. July 6 — U.S. cryptocurrency lender Voyager Digital (VOYG.TO) announced on Wednesday that it has filed for bankruptcy, becoming another victim of a price drop that has rocked the cryptocurrency industry. Cryptocurrency lenders like Voyager have thrived during the COVID-19 pandemic, attracting savers with high interest rates and easy access to credit rarely offered by traditional banks. However, the recent plunge in crypto markets — sparked by the demise of two major tokens in May — has hurt lenders. New Jersey-based Celsius froze withdrawals in June and hired advisers who could file for bankruptcy protection. Voyager froze withdrawals this month, as did Singapore-based Vault, another bank. Last week, Voyager announced that it had issued a formal notice of default to Singapore-based crypto hedge fund

 In this photo illustration, the Facebook logo is viewed on a smartphone. REUTERS/Dadoruvic. WASHINGTON, July 6 (Reuters) - Metas Facebook has asked a U.S. court for eight documents prepared by the U.S. Federal Trade Commission as part of its review of the company’s purchases of Instagram and WhatsApp, which the agency continues to make. . The request was filed late Tuesday and was filed by the FTC, asking the court to quash the two deals. Facebook bought Instagram for $1 billion in 2012 and WhatsApp for $19 billion in 2014. The FTC sued Metas Facebook in 2020 during the Trump administration, accusing the company of unlawful conduct to maintain its social network monopoly. Facebook is battling the lawsuit and wants the material to be part of that fight. \"It is almost certain that both Instagram and WhatsApp filings indicate that the FTC has determined that each acquisition is unlikely to reduce competition or harm consumers,\" Facebook said in its filing. The company argued

 July 5 (Reuters) - Tesla Inc (TSLA.O) faces a slew of hurdles from production shortages to rising inflation that could hurt profits, Wall Street analysts said on Tuesday, as the electric car maker reported a drop in deliveries for the first time. Reported for 2 years.. Affected by China's COVID-19 lockdown and rising costs, Tesla said Saturday it delivered 254,695 vehicles in the second quarter, down about 18% from the first quarter. Supply chain disruptions at the company's new factories in Texas and Germany have also hit production, with analysts warning that the problems could eat into Tesla's profits. Shares in the world's largest electric car maker fell more than 3% but reversed course to close at 2.6% as growth stocks rallied. The stock has lost about a third of its value so far this year. \"Tesla's shine has faded again as the recent drop in deliveries fell short of expectations,\" said Hargreaves Lansdown analyst Susannah Streeter, adding that it

 A combined photo in the Reuters document shows the logos of Amazon, Apple, Facebook and Google. Reuters/File photo. BRUSSELS, July 5 (Reuters) - European Union lawmakers passed landmark rules on Tuesday banning companies including Alphabet (GOOGL.O) units Google, Amazon (AMZN.O), Apple (AAPL.O), tech giants including Facebook and Microsoft (MSFT.O), but limited resources from regulators could hinder law enforcement. In addition to the rules known as the Digital Markets Act (DMA), lawmakers passed the Digital Services Act (DSA), which requires online platforms to monitor more closely for illegal content on the internet. Businesses that violate the DMA face fines of up to 10% of global annual revenue, and up to 6% for DSA violations. Earlier this year, lawmakers and EU countries reached a political agreement on the two sets of rules, but some details remain to be worked out. The European Commission has set up a working group that is expected to be joined by about 80 officials, which cri

 A police officer in a protective suit checks commuters at a subway station after the lockdown to contain the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China, June 2, 2022. REUTERS/Aly Song/File photo. SHANGHAI, July 4 (Reuters) - A hacker claims to have obtained troves of personal information on 1 billion Chinese citizens from Shanghai police in what tech experts say will be one of the largest data breaches in history. The anonymous user, known as \"ChinaDan,\" posted on the hacker forum Breach Forums last week, offering to sell more than 23 terabytes of data for 10 bitcoins, or about $200,000. “In 2022, the Shanghai National Police (SHGA) database was leaked. The database contains data and information of billions of Chinese citizens,” the post said. \"The database contains information on 1 billion Chinese residents and billions of case records, including: name, address, place of birth, ID number, mobile phone number, all crime/case details.\"

 Voyager Digital Ltd. CEO and co-founder Stephen Ehrlich speaks at the Piper Sandler Global Exchange and Fintech Conference on June 8, 2022 in New York City, U.S. REUTERS/Brendan McDermid. July 1 (Reuters) - Crypto lender Voyager Digital announced on Friday that it has suspended withdrawals, transactions and deposits on its platform and is exploring strategic alternatives to preserve the value of its platform. The move comes just days after the company gave a formal notice to troubled hedge fund Three Arrows Capital (3AC) for failing to make loan payments as required. Voyager CEO Stephen Ehrlich said in a statement that the move gives the company \"more time to continue exploring strategic alternatives with various stakeholders\" while maintaining the value of the platform. Voyager said in a release that it has retained Moelis & Company (MC.N) and Consello Group as financial advisors and Kirkland & Ellis LLP as legal counsel \"to assist in the exploration

 In this March 4, 2022 illustration, a representation of cryptocurrencies can be seen in front of the Coinbase logo. REUTERS/Dado Ruvic/Illustration/File photo. July 1 — Crypto exchange Coinbase Global Inc (COIN.O) said on Friday that it plans to expand into some European markets even as the digital asset market continues to slump. The company is expanding in France, Italy, Spain and the Netherlands, the company said in a blog post, adding that it aims to launch its retail, institutional and developer offerings in all of those markets. (https://bit.ly/3ugNHoa). In June, Coinbase cut 1,100 jobs, or nearly 18% of its workforce. 💌 Resources and References: Reuters Cryptocurrency exchange Coinbase wants to expand its operations in Europe.

 The cryptocurrency representation in this illustration was taken on January 24, 2022. REUTERS/Dado Ruvic/Illustration. LONDON, July 3 (Reuters) - Central African Republic President Faustin-Archange Touadera said on Sunday that cryptocurrencies are a solution to financial exclusion, citing the cost of opening a bank account. “The alternative to cash is cryptocurrencies,” Touadera said at the launch of Sango, a crypto initiative hosted by the country, after becoming the first African country to adopt bitcoin as legal tender in April. \"For us, the formal economy is no longer an option.\" Keep reading. The move to adopt cryptocurrencies in countries with low internet usage and unreliable electricity supplies has drawn attention from crypto experts, confused lawmakers and residents, and a warning from the International Monetary Fund. The Sango project, including a \"Sango coin,\" is backed by the Central African Republic's National Assembly and led by Touadera, who

 Army cadets take part in a parade during the Mayor's Show in London, England, on November 13, 2021. REUTERS/Henry Nichols. LONDON, July 3 (Reuters) - The British Army regained control of its Twitter and YouTube accounts on Sunday after they were briefly hacked and used to post about cryptocurrencies and non-fungible tokens. \"Apologize for temporarily interrupting our news. We will conduct a full investigation and learn from this incident,\" read a post on @BritishArmy's Twitter handle. Previously, the account had retweeted several posts about NFTs. The army’s YouTube account, which has been renamed Ark Invest and features several cryptocurrency-themed videos, has also been restored to its original state. His Twitter feed currently has 362,000 followers, while his YouTube channel has 177,000 subscribers. Ark Invest is the name of a global investment firm. The company did not immediately respond to a request for comment sent via email and on the company's website.