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The British company Bullitt, responsible for manufacturing rugged phones under Caterpillar (CAT) and Motorola Defy brands, failed to restructure financially and had to fold. Former employees posted on LinkedIn the company is unable to service its debt, and everyone is currently looking for new jobs. According to WinFuture, the plans for Bullitt were to hand over the hardware division to a creditor-backed organization and to concentrate on the development of satellite communication devices. …

Argylle Director Matthew Vaughn On Deadpool 3’s Impact On The MCU ( Photo Credit – IMDb ) With Marvel’s dwindling situation at the box office and overall content-wise, all eyes are on Deadpool 3 now. Ryan Reynolds has proved to be commercially successful in the previous two films, and this time, Hugh Jackman is also returning as Wolverine, hence double the excitement. Others also believe this film could be the saving grace for Marvel, for example Henry Cavill’s Argylle director, Matthew Vaughn. For the…

Venturing out by themselves That’s why Chinese auto companies, which have become such prominent exporters thanks to the rise of EVs, are starting to form their own shipping businesses.  News that BYD was looking to buy or charter ships was first reported by the shipping outlet Lloyd’s List in late 2022. In December that year, the company changed its corporate registration to include the business of international cargo shipping and ship management. MIT Technology Review contacted BYD for comment, but it did not respond…

Representative image.Arrival said it received a delisting and stock trading suspension notice from the Nasdaq, sending the British electric-vehicle company's shares down about 15% on Monday.Trading in Arrival's stock will be suspended from Jan. 30, as per the letter.The company, like other EV startups, has battled higher interest rates and production costs over the past year, as well as dwindling cash reserves due to a funding squeeze.Arrival was reportedly in talks with…

Augmented reality glasses maker Xreal is raising fresh funding at a valuation that tops $1 billion, according to Chief Executive Officer Chi Xu, aiming to get out ahead of future devices from Apple Inc., Meta Platforms Inc. and Alphabet Inc.'s Google.The Chinese startup is raising $60 million in the round, bringing its total to more than $300 million, Chi said in an interview. That latest money comes from a key supply chain partner that he declined to identify. “This will help us scale our manufacturing capabilities and…

Samsung is no longer the world's biggest semiconductor chip firm. According to the latest figures from Counterpoint Research, Samsung Electronics' revenue from its semiconductor chip division dropped from $70.2 billion in 2022 to $43.4 billion in 2023. That's a massive 38% drop year-on-year due to the market slump for memory chips and Samsung's inability to get clients for its advanced chip fabrication processes. Intel overtook Samsung in global semiconductor chip segment in 2023, but Samsung could bounce back in 2024…

Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023.Kirsty Wigglesworth | ReutersTesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024.For most of the day, the stock was headed for its steepest decline since 2020, but narrowly averted that distinction at the close.Tesla reported revenue and earnings on Wednesday that…

Swedish electric car company Polestar is slashing its workforce by 15 percent globally. About 450 employees are expected to be let go due to “challenging market conditions.” The news comes despite its six percent increase in global car deliveries compared to 2022, according to its recent fourth quarter global fiscal report.The company did, however, warn that it would reduce its headcount back in May 2023 which was around the same time it announced its production goals were disappointingly off by 10,000 to 20,000 cars from…

Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.The cuts represent about 8 percent of the overall Microsoft Gaming division and will mostly happen at Activision Blizzard.Blizzard President Mike Ybarra and Chief Design Officer Allen Adham are also leaving the company, while a previously announced survival game by Blizzard has been canceled, Microsoft said.I want…

In the grim darkness of Warhammer 40,000's future, there is only one thing: war. In the grim darkness of Warhammer 40,000 fandom right now, there are only two: not enough hardback novels, and too many reseller bots gobbling them up.Rahul Kohli Loves Star Wars & WarhammerIn the vast array of tie-in fiction for the world of Games Workshop’s legendary tabletop wargame universe, few series hold a candle to the saga of the Horus Heresy. The long-running saga of prequel novels and assorted tie-ins first began publishing in…