Sony highlights PS5 momentum as hardware sales top 50 million

[ TOKYO (Reuters) – Sony is seeing strong momentum for its PlayStation 5 console, a senior games executive said, with lifetime sales exceeding 50 million units and the company recording its best-ever Black Friday period sales for the device. The entertainment conglomerate is looking for a strong performance from the PS5, which is in its … Read more

Crown Castle gives in to Elliott’s demands with fiber unit review, board changes

[ (Reuters) – Crown Castle on Wednesday announced a review of its fiber business and replaced two directors on its board as part of a deal with activist investor Elliott, which has sought to shake up the wireless tower operator for years of underperformance. The company has also formed two committees under the deal – … Read more

Microsoft inks carbon removal deal with offsets startup Chestnut

[ (Reuters) – Microsoft Corp has struck a deal with offsets startup Chestnut Carbon to acquire credits linked to the removal of carbon dioxide from the atmosphere, the firms said Wednesday, as part of the tech giant’s push to meet its sustainability goals. Unlike other offset deals that generate credits by preserving trees, Chestnut plants … Read more

Tesla’s recall of two million vehicles to fix its Autopilot system uses technology that may not work

[ DETROIT: Tesla’s recall of more than two million of its electric vehicles – an effort to have drivers who use its Autopilot system pay closer attention to the road – relies on technology that research shows may not work as intended. Tesla, the leading manufacturer of EVs, reluctantly agreed to the recall last week … Read more

Gansu earthquake: Scientists in China believe they received an ominous signal days before

[ Chinese researchers expected an earthquake to strike hours before the deadly 6.2 magnitude quake in the northwestern province of Gansu – but were unable to say where it would happen. More than 120 people have died since the quake struck just before midnight on Monday, with the epicentre in a township located in the … Read more

Alibaba Group CEO takes over as chief of domestic e-commerce business

[ BEIJING (Reuters) – Alibaba Group CEO Eddie Wu will take over as chief executive of Taobao and Tmall Group, Alibaba’s domestic e-commerce arm, effective immediately, the company said on Wednesday. Wu, who has been Group CEO since September, also took over from previous head Daniel Zhang as the company’s cloud business CEO that month. … Read more