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Tag Archives: technology

Brazilian airline Gol to operate 250 electric air taxis by 2025

SAO PAULO (Reuters) - Brazilian airline Gol Linhas Aereas Inteligentes said on Tuesday it has signed an agreement with Avolon to buy or lease 250 electric air taxis.

In a securities filing, Gol said it expects to begin operating model VA-X4 eVTOL, manufactured by UK's Vertical Aerospace, in 2025. A holding company owned by Gol's controlling shareholders, Grupo Comporte, will finance the transaction, Gol added.

(Reporting by Tatiana Bautzer, and Louise Heavens)

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Uber expects to record breakeven adjusted EBITDA in current quarter

(Reuters) - Uber Inc expects to record breakeven in a key measure of profitability in the current quarter, its chief financial financial officer said, sending the ride hailing firm's shares up nearly 7% in premarket trading.

"With positive adjusted EBITDA in July and August, we believe Uber is now tracking towards adjusted EBITDA breakeven in Q3, well ahead of our prior guidance," said CFO Nelson Chai. (https://bit.ly/3EA2nlD)

(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)

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Regulators lack understanding of banks’ digital marketplaces, EU watchdog says

LONDON (Reuters) - Regulators have little understanding of risks from banks setting up digital marketplaces and need a framework for spotting potential contagion if things go wrong, the European Union's banking watchdog said on Tuesday.

So-called platformisation refers to banks creating a digital marketplace for their products and services, and non-banking services, part of the wider digitalisation of finance which has accelerated since the pandemic began.

Reliance on digital platforms, however, for marketing and distribution of services creates new forms of financial, operational and reputational interdependencies, it said.

While there is no need for new legislation at this stage, the trend is posing "some challenges" for regulators in monitoring mar

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A life and death question for regulators: Is Tesla’s Autopilot safe?

(Reuters) - Robin Geoulla had doubts about the automated driving technology equipped on his Tesla Model S when he bought the electric car in 2017.

“It was a little scary to, you know, rely on it and to just, you know, sit back and let it drive,” he told a U.S. investigator about Tesla’s Autopilot system, describing his initial feelings about the technology.

Geoulla made the comments to the investigator in January 2018, days after his Tesla, with Autopilot engaged, slammed into the back of an unoccupied fire truck parked on a California interstate highway. Reuters could not reach him for additional comment.

Over time, Geoulla's initial doubts about Autopilot softened, and he found it reliable when tracking a vehicle in front of him. But he not

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Exclusive: India plan for tighter e-commerce rules faces internal government dissent – documents

NEW DELHI (Reuters) - India's plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale".

The memos offer a rare glimpse of high-stakes policy-making governing a market already featuring global retail heavyweights from Amazon to Walmart, plus domestic players like Reliance Industries and Tata Group. The sector is forecast by Grant Thornton to be worth $188 billion by 2025.

It's not clear how the objections from the finance ministry - a dozen in total - will ultimately be reflected in the proposed rule changes, first floated in June https://www.reuters.com/world/india/india-plans

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Googlers protest removal of Russian app as bend to government

Google employees have joined the slew of politicians and activists blasting the internet giant for pulling a voting app from Russia’s opposition leader, a move critics say showed the company was caving in to the Kremlin.

Staff members complained over the weekend about the Google’s decision in internal forums and on memegen, a messaging board that has served as a breeding ground for protests within the company. Images circulating inside Google, which were viewed by Bloomberg News, spoofed its corporate creed about prioritising users. One picture depicts a man reading a magazine below the slogan, "Putin the user first.”

These internal frustrations are the latest in a series of blows to Alphabet Inc.’s Google operations in Russia, where the company is

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Parents in China laud rule limiting video game time for kids

Li Zhanguo’s two children, ages 4 and 8, don’t have their own smartphones, but like millions of other Chinese children, they are no strangers to online gaming.

"If my children get their hands on our mobile phones or an iPad, and if we don’t closely monitor their screen time, they can play online games for as long as three to four hours each time,” he said.

Not anymore.

Like many other parents, Li is happy with new government restrictions that limit children to just three hours weekly of online gaming time - an hour between 8pm and 9pm on Friday, Saturday and Sunday most weeks.

The restrictions, which took effect earlier this month, are a tightening of 2019 rules that banned children from gaming overnight and limited them to 90 minute

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Uber CEO aims for ‘fully green’ food-delivery business

Uber Technologies Inc wants to expand its zero emissions pledge to food-delivery and make the business environmentally sustainable, but Chief Executive Officer Dara Khosrowshahi stopped short of committing to do so by a 2030 deadline for its ride-hailing arm.

The CEO said in an interview that food deliveries Uber makes in Europe are typically carried on scooters and bikes, so it prioritised cars for its green ambitions.

"We wanted to start with our mainline mobility business, and then based on our learnings there, we will absolutely apply them to delivery as well,” Khosrowshahi said. "I don’t know if it’ll be included in the 2030 target, but we’re absolutely going to look to drive delivery to be fully green as well.”

Ahead of two weeks of

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Facebook, Alphabet poised for bigger fines over Russia content

Russia’s Internet regulator is poised to significantly raise the fines it has slapped on US technology companies such as Facebook Inc and Alphabet Inc as the Kremlin escalates its push to curb access to information online.

Companies that refuse to delete content judged to be illegal in Russia could soon face amends of 5% to 20% of their annual local revenue, Roskomnadzor, the federal communications watchdog, said in an email Monday.

"For a number of companies that have systematically refused to comply with the agency’s legal demands, the issue of fines on revenue is being considered in the near future,” the press service said. It will also consider other means of enforcement, it said.

Russia has ratcheted up pressure on foreign technology comp

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NASA selects Moon site for ice-hunting rover

NASA on Monday announced it would land an ice-seeking rover on a region of the Moon's South Pole called the Nobile Crater in 2023.

The space agency hopes the robot will confirm the presence of water ice just below the surface, which could one day be converted into rocket fuel for missions to Mars and deeper into the cosmos.

"Nobile Crater is an impact crater near the south pole that was born through a collision with another smaller celestial body," Lori Glaze, director of NASA's planetary science division told reporters.

It is one of the solar system's coldest regions, and has only so far been probed from afar using sensors such as those aboard NASA's Lunar Reconnaissance Orbiter and the Lunar Crater Observation and Sensing Satellite.

"The r

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