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Showing posts with the label future

Tesla plays whack-a-mole as deliveries drop for first time in two years

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 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 ...

EU lawmakers are crafting groundbreaking tech regulations, but enforcement is a problem

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 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...

Hackers claim to have stolen records of 1 billion Chinese citizens from police

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 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.\"...

President of the Central African Republic: Crypto is the key to financial inclusion

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 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...

British Army Twitter and YouTube accounts restored after hack

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 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....