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☆ Here's an update on 10 of our companies that reported earnings and how we feel about each stock
▼ + stars: | 2023-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

GOOGL YTD mountain Alphabet YTD Alphabet (GOOGL): The quarter from the Google parent was mixed . On one hand, we were pleased to see revenue growth acceleration and beats at Search and YouTube. For Alphabet to catch up in the AI race, it might be forced to invest more aggressively, creating an imbalance between revenue growth and expense growth. AMZN YTD mountain Amazon YTD Amazon (AMZN): This was a fantastic quarter that checked a lot of boxes for us. While AWS cloud revenue growth may not have accelerated as some optimistic bulls had hoped for, it stabilized.

Persons: Jim Cramer's, Here's, inflect, We're, Mark Zuckerberg's, Danaher, Ford, Decker YTD Stanley Black, Decker, Jim Cramer, Jim, Benoit Tessier Organizations: Jim Cramer's Charitable, CNBC, Sciences, Microsoft, Google, Web Services, LIN, Linde, Honeywell, Aerospace, Technologies, Materials, Productivity Solutions, Ford, UAW, Meta, Inc, Viva Technology, Porte de Locations: China, North America, breakeven, Porte, Paris

☆ Renault had 'friendly' discussions with Chinese investment bank - spokesperson
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Oct 31 (Reuters) - French carmaker Renault (RENA.PA) had "friendly" discussions with Chinese investment bank CICC about potential cooperation, but nothing has been signed or decided so far, a company spokesperson said, confirming media reports. "A meeting took place between CICC and Renault Group for friendly discussions about China's market," a spokeswoman told Reuters. Chinese media outlet Cailianshe reported on Friday that Renault and CICC had reached a preliminary intention agreement to jointly invest to establish an investment fund to focus on the NEV industry chain, citing people familiar with the matter. Cailianshe added that Renault CEO Luca de Meo was in China for a week long visit.

Persons: Gonzalo Fuentes, carmaker, CICC, Luca de Meo, Gilles Guillaume, Brenda Goh, Roxanne Liu, Tassilo Hummel, Marine Strauss, Louise Heavens Organizations: Renault, Viva Technology, Porte de, REUTERS, Rights, carmaker Renault, Renault Group, Reuters, Thomson Locations: Porte, Paris, France, CICC, China, Shanghai, Beijing

☆ Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
▼ + stars: | 2023-10-30 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Musk also repeatedly said, during that call, that Tesla was facing serious challenges with the start of production of its long-awaited Cybertruck. Shares have dropped about 18% since the company's earnings call Oct. 18. We believe that Tesla may have to guide to deliveries below consensus next year AND face lower margins." Bernstein, with its bearish view of Tesla, is forecasting 2.15 million deliveries from Tesla next year with earnings per share of $2.59 compared to the consensus view of 2.3 million deliveries and earnings per share of $3.30. Shares of ON Semiconductor , which supplies chips for EVs, were down 20% Monday after the company offered disappointing Q4 guidance.

Persons: Elon Musk, Porte, Tesla, Musk, It's, Bernstein's Toni Sacconaghi, Bernstein, Sacconaghi Organizations: SpaceX, Tesla, Viva Technology, Porte de, Panasonic, U.S, Cybertruck, ON Semiconductor, CNBC Locations: Paris, Japan, Ortex, London

☆ Elon Musk expected to attend global AI summit in UK - source
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - Billionaire entrepreneur Elon Musk is expected to attend a global summit on artificial intelligence in Britain this week, according to a government official. Around 100 participants will discuss subjects including the unpredictable advances of AI and the potential for humans to lose control of it, according to the agenda. While several world leaders, including U.S. Vice President Kamala Harris and President of the European Commission Ursula von der Leyen are due to attend the summit, the full guest list has not been made public. "In conversation with @elonmusk after the AI Safety Summit Thursday night on @X," British Prime Minister Rishi Sunak said on Musk's social media platform X.Sunak's Downing Street office declined to comment.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Kamala Harris, Ursula von der Leyen, @elonmusk, Rishi Sunak, Sunak's, Andrew MacAskill, Michael Holden Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Billionaire, U.S, Thomson Locations: Paris, France, Britain

☆ Musk says Starlink to provide connectivity in Gaza through aid organizations
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Gonzalo Fuentes/File photo Acquire Licensing RightsOct 28 (Reuters) - Elon Musk said on Saturday that SpaceX's Starlink will support communication links in Gaza with "internationally recognized aid organizations". Musk said in a post on social media platform X, formerly known as Twitter, that it was not clear who has authority for ground links in Gaza, but we do know that "no terminal has requested a connection in that area". Following Russia's February 2022 invasion of Ukraine, Starlink satellites were reported to have been critical to maintaining internet connectivity in some areas despite attempted Russian jamming. Since then, Musk has said he declined to extend coverage over Russian-occupied Crimea, refusing to allow his satellites to be used for Ukrainian attacks on Russian forces there. Reporting by Baranjot Kaur in Bengaluru; editing by Diane Craft and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, Baranjot Kaur, Diane Craft, David Gregorio Our Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, International, Thomson Locations: Paris, France, Gaza, Israel, Ukraine, Crimea, Bengaluru

☆ Exclusive: Google to run internet cables to Pacific islands in Australia-US deal
▼ + stars: | 2023-10-25 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - Alphabet's Google (GOOGL.O) will run undersea cables powering internet access to at least eight far-flung Pacific Ocean nations under a joint U.S.-Australian deal set to be announced on Wednesday, according to a U.S. official. The deal will expand an existing commercial project by Google in the region to the nations of Micronesia, Kiribati, the Marshall Islands, Papua New Guinea, the Solomon Islands, Timor-Leste, Tuvalu and Vanuatu. Set to be announced during an official White House visit by Australian Prime Minister Anthony Albanese, the previously unreported deal involves contributions from both governments. Google is currently working on a fiber-optic cable that links Taiwan, the self-ruled island claimed by China, with the Philippines and the United States. As part of the Pacific islands project, the United States will work with the countries on cybersecurity resilience, helping them back up key information to global cloud networks, according to the official.

Persons: Gonzalo Fuentes, White, Anthony Albanese, Joe Biden, Trevor Hunnicutt, Raju Gopalakrishnan Organizations: Google, Viva Technology, Porte de, REUTERS, Rights, U.S, Australian, Thomson Locations: Porte, Paris, France, U.S, Micronesia, Kiribati, Marshall Islands, Papua New Guinea, Solomon Islands, Timor, Leste, Tuvalu, Vanuatu, Canberra, Washington, China, United States, Taiwan, Philippines

☆ Analysis: US chip curbs give Huawei a chance to fill the Nvidia void in China
▼ + stars: | 2023-10-20 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Huawei's Ascend AI chips are comparable to Nvidia's in terms of raw computing power, analysts and some AI firms such as China's iFlyTek (002230.SZ) say, but they still lag behind in performance. "This U.S. move, in my opinion, is actually giving Huawei's Ascend chips a huge gift," Jiang said in a post on his social media Weibo account. Huawei and Nvidia did not immediately respond to Reuters' requests for comment. Huawei's partners in China so far include iFlyTek, a leading Chinese AI software company which is using the Ascend 910 to train its AI models. Other partners include state-owned software firms Tsinghua Tongfang and Digital China.

Persons: Benoit Tessier, Jiang Yifan, Jiang, CANN, Woz Ahmed, Ahmed, Meng Wanzhou, IFlyTek, Jiang Tao, Charlie Chai, 86Research, Xi Jinping, Chai, Josh Ye, Brenda Goh Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Nvidia, Huawei, Securities, Tsinghua, Digital, Thomson Locations: Porte, Paris, France, HONG KONG, China, United States, U.S, Digital China

☆ Elon Musk on interest rates, uncertainty and Tesla's costs
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes Acquire Licensing RightsOct 18 (Reuters) - Tesla (TSLA.O) CEO Elon Musk spent much of a call with analysts and investors on the electric car maker's earnings discussing what he sees as the risks from high interest rates, consumer uncertainty and the "paycheck-to-paycheck" pressures on American workers. Here are some of his quotes on those issues:On interest rates and the affordability of EVs:"A large number of people are living paycheck-to-paycheck and with a lot of debt. They've got credit card debt, mortgage debt. "If our car cost the same as a (Toyota) RAV4, no one would buy a RAV4, or, at least, they would be very unlikely to." You know, credit card interest rates are usurious with over 20% interest rates, which, over time becomes extremely punishing."

Persons: Elon Musk, Porte, Gonzalo Fuentes, They've, you’ve, Marie Antoinette, Kevin Krolicki, Sayantani Ghosh Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Toyota, Thomson Locations: Paris, France

☆ Amazon to launch drone deliveries in Italy and UK in late 2024
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. The customers in these locations will have the option to have their packages delivered by a drone starting late 2024, Amazon said in a statement. Drone deliveries would be integrated into Amazon's existing fulfillment network and will be deployed from same-day delivery sites, the company added. Amazon's drone based service, called Prime Air, is currently available in two cites in California and Texas, where it launched last year. Reporting by Jyoti Narayan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Amazon, Jyoti Narayan, Shailesh Organizations: Viva Technology, Porte de, REUTERS, Thomson Locations: Porte, Paris, France, Britain, Italy, United States, California, Texas, Bengaluru

☆ Musk considers removing X platform from Europe over EU law - Insider
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes Acquire Licensing RightsOct 18 (Reuters) - Elon Musk, owner of social media platform X, is considering removing the service formerly called Twitter from Europe in response to a new internet platform regulation in the region, news site Insider reported on Wednesday. The billionaire has discussed removing the app's availability in the region, or blocking users in the European Union from accessing it, a person familiar with the company told the publication. The European Union in August adopted the Digital Services Act (DSA), which sets forth rules for preventing the spread of harmful content, banning or limiting certain user-targeting practices, and sharing some internal data with regulators and associated researchers, among other things. Reporting by Yuvraj Malik in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Yuvraj Malik, Devika Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, European Union, Digital Services, Thomson Locations: Paris, France, Europe, Bengaluru

☆ X, formerly Twitter, tests charging new users $1 to tweet, retweet
▼ + stars: | 2023-10-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

X, formerly Twitter, will begin a test that charges new users $1 annually in order to "post & interact with other posts," the company said in a recent post. The social media platform said Tuesday evening the move is part of its efforts to combat spam and bot activity. Elon Musk previously said the company planned to move to a subscription fee model in September. Excess bot activity has been a consistent rallying cry for Musk since before he acquired the company in October 2022. Bot activity has reportedly worsened under Musk's ownership.

Persons: Elon Musk, Porte, X, Musk Organizations: SpaceX, Tesla, Viva Technology, Porte de, Twitter, CNBC Locations: Paris, New Zealand, Philippines

☆ Snap rises nearly 12% after CEO shares strong 2024 goals with employees
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Snap shares rose nearly 12% on Monday following reports of an internal CEO memo indicating that the social messaging company could post better-than-expected results for 2024. Snap confirmed the numbers cited in the memo with CNBC but characterized them as "stretch, internal goals only." "I know this was an internal memo, but management must have known it was going to leak." Snap shares sank more than 17% in July after it gave guidance for its current quarter that missed analysts' expectations. Correction: An earlier version of this story misstated the nature of the numbers cited in the memo — they were goals, not projections.

Persons: Evan Spiegel, Porte, Bernstein, Mark Schilsky, Schilsky Organizations: Snap Inc, Viva Technology, Porte de, Tech Specialists, CNBC, Meta, SNAP Locations: Paris, France, Russia, Ukraine

☆ Europe-Musk spat carries risks for both sides
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsBRUSSELS, Oct 13 (Reuters Breakingviews) - The European Commission has made social-media site X, formerly known as Twitter, the test case for its fight against disinformation. The Commission on Oct. 12 sent a formal request to X, owned by Elon Musk, for information about possible illegal content and disinformation. X pushed back, with Musk exchanging combative posts with Breton on the website. While the process drags on, any problematic posts can just keep proliferating on X and other sites. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Thierry Breton, X, Breton, Rebecca Christie, Liam Proud, Streisand Neto Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, Reuters, European Commission, Twitter, Elon, Digital Services, DSA, Big Tech, X, Infosys, Ericsson, Thomson Locations: Paris, France, Rights BRUSSELS, Israel, Breton, Europe, Brussels

☆ Luxury stocks drag European shares lower on LVMH disappointment
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The logo of LVMH is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes/File photo Acquire Licensing RightsOct 11 (Reuters) - European stocks slipped on Wednesday after sharp gains in the previous session, as luxury giant LVMH dragged the sector lower on disappointing sales, though Novo Nordisk jumped after positive update on its diabetes drug Ozempic. The pan-European STOXX 600 index (.STOXX) dipped 0.2% by 0707 GMT. Shares of other French luxury majors such as Hermes (HRMS.PA) and Kering (PRTP.PA) fell 2.5% and 2.7%, respectively. Swiss luxury firms Richemont (CFR.S) fell 5.3% and Swatch Group (UHR.S) dropped 2.9%.

Persons: Gonzalo Fuentes, Danish drugmaker, Sruthi Shankar, Rashmi Organizations: Viva Technology, Porte de, REUTERS, Novo Nordisk, U.S . Federal Reserve, Swatch Group, Fresenius, Thomson Locations: Porte, Paris, France, U.S, Danish, Bengaluru

As a platform subject to Europe’s Digital Services Act (DSA), X could face billions in fines if regulators conclude that violations have occurred. Much of the problematic content appears to stem from platform changes made under Musk’s supervision, Breton suggested in the letter, which he shared on X. “We have, from qualified sources, reports about potentially illegal content circulating on your service despite flags from relevant authorities,” Breton wrote. The EU letter comes as misinformation about the conflict continues to spread widely across X. On Tuesday, the investigative journalism group Bellingcat said a fake video designed to look like a BBC News report was circulating on social media.

Persons: Elon Musk, Thierry Breton, X didn’t, Breton, X, ” Breton, Porte, Gonzalo Fuentes, ”, Bellingcat, Elliot Higgins, Shayan, “, Musk Organizations: CNN, Europe’s Digital Services, White, DSA, SpaceX, Tesla, Viva Technology, Porte de, Reuters, BBC, BBC News, Pentagon Locations: Israel, Paris, France, EU, Ukraine

☆ Renault, Volvo, CMA CGM pool forces to develop electric vans
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Gonzalo Fuentes//File Photo Acquire Licensing RightsPARIS, Oct 6 (Reuters) - Carmakers Renault (RENA.PA) and Volvo and shipping group CMA CGM said on Friday they will jointly develop a new generation of electric vans, aiming to begin production in 2026. Renault and Volvo signed binding agreements to launch a new company where they will initially each hold a 50% equity stake and invest 300 million euros over the next three years, they said in a statement. CMA CGM signed a non-binding letter of intent with Renault and Volvo to join the new company and invest 120 million euros through PULSE, its Energy Fund dedicated to accelerating the decarbonization of transport and logistics sectors. There was no further detail on when this might happen or what stake it may take in the venture. The creation of the new company is expected early 2024 and remains subject to the completion of all regulatory approval processes.

Persons: Gonzalo Fuentes, Carmakers, Dominique Vidalon, Elaine Hardcastle Organizations: Renault, Viva Technology, Porte de, REUTERS, Rights, Carmakers Renault, Volvo, CMA, CMA CGM, Energy Fund, Thomson Locations: Porte, Paris, France

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - A former executive at Samsung Electronics' venture capital arm who proposed that mobile app developer Branch Metrics' software offering be expanded in Samsung smartphones faced pushback due to pressure from Google, he said on Thursday in a landmark antitrust trial against the Alphabet (GOOGL.O) unit. Patrick Chang, who worked at Samsung Next to invest in innovative companies, had urged the parent company (005930.KS) to expand the offerings of Branch, which can search within apps, to its Android smartphones. Chang testified that Samsung also faced pushback from wireless carries, like AT&T, which sell Android phones. In its questioning, the Justice Department showed an August 2020 email by Samsung executive David Eun, who complained that "Google is clearly buying its way to squelch competitors." Chang testified during the fourth week of a more than two-month trial in which the U.S. Justice Department is seeking to show that Google abused its monopoly of search and some search advertising.

Persons: Gonzalo Fuentes, Patrick Chang, Alexander Austin, Branch, Austin, Chang, David Eun, Diane Bartz, Richard Chang Organizations: Google, Viva Technology, Porte de, REUTERS, Rights, Samsung Electronics, Samsung, Samsung Next, Metrics, Justice Department, U.S . Justice Department, Thomson Locations: Porte, Paris, France

But then two days beforehand Musk raised "several spurious objections" and told the SEC he would not appear, the SEC said. According to the filing, Musk has given the SEC documents relating to the probe and has previously provided testimony in July last year via video conference. "The SEC has already taken Mr. Musk's testimony multiple times in this misguided investigation - enough is enough," said a statement from Alex Spiro, an attorney for Musk. Musk acquired Twitter after initially building a large minority stake in the social media platform, which he first disclosed in April 2022. Faced with a trial that sought to compel him to complete the deal, Musk closed his acquisition of Twitter in late October 2022.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, ”, Alex Spiro, Twitter, ” Musk, Howard Fischer, Moses, Moses & Singer, Tesla, Shivansh, Tom Hals, Chris Prentice, Michelle Price, Sheila Dang, Megan Davies, Shinjini Ganguli, Lisa Shumaker Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, Twitter, San, Musk, Moses &, Reuters, Justice Department, Thomson Locations: Paris, France, San Francisco, Texas, New York, Bengaluru, Wilmington , Delaware, Washington, Austin

☆ Renault sets Nov. 15 date for first investor day for EV unit Ampere
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: 1 min

The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes//File Photo Acquire Licensing RightsCompanies Renault SA FollowPARIS, Oct 5 (Reuters) - Renault (RENA.PA) on Thursday announced the first investor day for its future electric vehicle company, named Ampere, will take place on November 15. Renault's Chief Executive Luca De Meo last month said the unit, which Renault plans to list on the stock exchange as a standalone business by spring 2024, could be valued at up to 10 billion euros ($10.47 billion). ($1 = 0.9550 euros)Reporting by Gilles Guillaume, writing by Tassilo Hummel, editing by Geert De ClercqOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Ampere, Luca De Meo, Gilles Guillaume, Tassilo Hummel, Geert De Clercq Organizations: Renault, Viva Technology, Porte de, REUTERS, Companies Renault SA, PARIS, Thursday, Renault's, Thomson Locations: Porte, Paris, France

☆ LinkedIn taps AI to make it easier for firms to find job candidates
▼ + stars: | 2023-10-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

LinkedIn CEO Ryan Roslansky attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. LinkedIn has more than 950 million members, the vast majority of whom do not pay for the service. Its primary businesses is charging money to recruiters and marketing and sales professionals for access to its trove of data. Ryan Roslansky, LinkedIn's chief executive, told Reuters that in an age when job titles are changing rapidly, LinkedIn is trying to encourage hiring people whose skills fit the job requirements, regardless of title or education. "For the majority of the world, you're going to find that those tasks are going to be augmented by AI, so your role is going to need to adapt a little bit," Roslansky said.

Persons: Ryan Roslansky, Porte, Benoit Tessier, Roslansky, Stephen Nellis, Stephen Coates Organizations: Viva Technology, Porte de, REUTERS, Microsoft, LinkedIn, Reuters, Ivy League, Google, Thomson Locations: Paris, France, OpenAI, Minneapolis, San Francisco

☆ Ukraine's parliament taunts Elon Musk after meme mocking Zelenskiy
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/ File Photo Acquire Licensing RightsKYIV, Oct 2 (Reuters) - Ukraine's parliament and its speaker taunted billionaire Elon Musk on Monday after he posted a meme on his social media platform mocking President Volodymyr Zelenskiy's pleas for wartime assistance from the West. The speaker of Ukraine's parliament, Ruslan Stefanchuk, hit out at Musk's jibe with his own post on X. "The case when ...(Elon Musk) tried to conquer space, but something went wrong and in 5 minutes he was up to his eyeballs in shit," an apparent reference to SpaceX's failed rocket launch in April. Ukraine's parliament, on its official page on X, accused Musk of spreading Russian propaganda, posting its own version of the meme with a picture of Musk and the caption: "When it's been 5 minutes and you haven't spread Russian propaganda".

Persons: Elon Musk, Porte, Gonzalo Fuentes, Volodymyr Zelenskiy's, . Musk, Musk, it's, haven't, Ruslan Stefanchuk, Mykhailo Podolyak, Zelenskiy, Max Hunder, Tom Balmforth, Robert Birsel Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, ., Kyiv, U.S, Congress, Thomson Locations: Paris, France, Kyiv, Russia, Ukrainian, Ukraine's, Ukraine, United States, U.S

Migration has become a hot topic of debate in Germany ahead of elections on Oct. 8 in the states of Bavaria and Hesse, and in Europe at large ahead of European parliamentary elections next year. The post shared by Musk came from an account identified as Radio Genoa. It criticized the German state for funding charities rescuing migrants in the Mediterranean and included videos of rescue missions. Germany's centre-left government confirmed this week that it was financially supporting three German non-governmental organizations that operate in the Mediterranean and regularly bring migrants to Italy. In Texas, Tesla operates a plant in Austin and Space X operates a major testing and launch facility on the Texas Gulf Coast in Boca Chica near Brownsville.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon, Musk, Tesla's Gigafactory, Tesla, Sarah Marsh, Andreas Rinke, Leslie Adler Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, Billionaire, Radio Genoa, Forbes, Space X, Texas Gulf, Thomson Locations: Paris, France, Germany, Bavaria, Hesse, Europe, Texas, Mexico, Italy, Tesla's Gigafactory Berlin, Brandenburg, Austin, Texas Gulf Coast, Boca Chica, Brownsville, U.S

☆ China's Huawei sets up commodities hedging team in Singapore, Hong Kong
▼ + stars: | 2023-09-29 | by ( Mai Nguyen | Thomson Reuters | Mai Reports On The Nonferrous Metals Markets In Asia. She Writes About Daily Price Movers | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsSept 29 (Reuters) - Huawei Technologies (HWT.UL) is building a commodities team to hedge and trade metals and energy products, according to the Chinese technology company's job posts on professional social network LinkedIn. Huawei was also hiring a metals hedging specialist and a metals research specialist in the city-state four months ago, according to separate LinkedIn posts. Huawei did not respond to Reuters' request for comment on the commodities team hirings it has made or its hiring plans. The positions will work closely with Huawei's teams in China and Hong Kong to grow its metals hedging and researching capabilities as well as risk control, focusing on ferrous, nonferrous and battery metals, the posts said. The team is drafting the hedging proposals and trading plans, said the source.

Persons: Benoit Tessier, Mai Nguyen, Amy Lv, Andrew Hayley, Muralikumar Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, LinkedIn, Huawei, Reuters, Thomson Locations: Porte, Paris, France, Singapore, China, Hong Kong, Hanoi, Beijing

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsBRUSSELS, Sept 28 (Reuters) - Amazon (AMZN.O) has won court backing for now in its fight against EU tech rules that label it as a very large online platform (VLOP) required to provide researchers and authorities access to its ad repositories to see how ads are targeted. The U.S. online retailer took its grievance to Europe's second highest court, the Luxembourg-based General Court, in July after EU antitrust regulators in April designated it as a VLOP along with 18 other platforms and search engines. Amazon welcomed the interim measure, calling it an "an important first step that supports our broader position that Amazon doesn't fit the description of a 'Very Large Online Platform' (VLOP) under the DSA, and therefore should not be designated as such". The Court dismissed the second part of Amazon's application. The case is T‑367/23 R, Amazon Services Europe Sarl vs Commission.

Persons: Gonzalo Fuentes, Foo Yun Chee, Kirsten Donovan Organizations: Viva Technology, Porte de, REUTERS, Rights, EU, Digital Services, The, Amazon, DSA, Amazon Services Europe, Commission, Thomson Locations: Porte, Paris, France, Rights BRUSSELS, U.S, Luxembourg

☆ Google's 25-year journey from dorm to internet dominance
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Google is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsSept 26 (Reuters) - More than 25 years ago, two students at Stanford University brainstormed in their dormitory and came up with an idea - to create an internet search engine that would organize web pages and also rank them. Initially called BackRub, the startup grew into one of the world's most valuable and influential companies, Google. Google's products, including Gmail and search, are now used by billions and its co-founders, Larry Page and Sergey Brin, rank among the richest people in the world. Here are some milestones in the history of the tech giant, whose parent is now known as Alphabet:Reporting by Chavi Mehta, Arsheeya Bajwa, Yuvraj Malik, Samrhitha Arunasalam and Jaspreet Singh in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Larry Page, Sergey Brin, Chavi Mehta, Arsheeya Bajwa, Yuvraj Malik, Samrhitha, Jaspreet Singh, Pooja Desai Organizations: Google, Viva Technology, Porte de, REUTERS, Stanford University brainstormed, Gmail, Thomson Locations: Porte, Paris, France, Bengaluru

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