Reuters - Technology Report

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Monday, April 29, 2019

Spotify revenue beats on higher paid subscriber addition, shares rise

Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly 5 percent.

Bosch signs pact with Sweden's Powercell to mass produce fuel cells

German auto supplier Bosch on Monday said it had reached a licensing agreement with Powercell Sweden AB to jointly mass produce hydrogen fuel cells for electrifying heavy-duty commercial vehicles.

China's rocket start-ups go small in age of 'shoebox' satellites

During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

Tesla's Musk agrees to new vetting rules for tweets in SEC deal

Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company's finances and other topics to vetting by its legal counsel, according to a court filing on Friday.

Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency

Jaguar Land Rover, Britain's largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.

Fly me to the moon: Germany eyes slice of lucrative space market

BERLIN Reuters) - Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $1 trillion a year by the 2040s.

Chinese electric car maker BYD's first-quarter profit up 632 percent, sees first-half profit up

Chinese electric vehicle maker BYD Co Ltd, backed by U.S. investor Warren Buffett, reported on Sunday a 632 percent jump in its first-quarter net profit, buoyed by strong demand for its new energy vehicles.

China urges UK not to discriminate against Huawei in 5G development

China on Sunday warned Britain not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries over whether it should work with Huawei Technologies.

Toyota abandons plan to install U.S connected vehicle tech by 2021

Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions.

Uber unveils IPO terms that are well below expectations

Uber Technologies Inc, the world's largest ride-hailing company, plans an initial public offering that values the company as much as one-third below what the startup's insiders had hoped for, between $80.5 billion and $91.5 billion.