Tag: billion

Top Battery Makers Discuss $20 Billion Indonesia EV Plans

(Bloomberg) — Contemporary Amperex Technology Co. Ltd. and LG Chem Ltd., two of the world’s top producers of batteries for electric vehicles, have signaled they may join projects that could see $20 billion more invested in supply chains in Indonesia, according to the country’s government.

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The firms signed separate heads of agreement with Aneka Tambang Tbk last month aimed at manufacturing higher value products for batteries from the state-owned miner’s nickel output, said Septian Hario Seto, deputy for investment coordination and mining at the coordinating ministry for maritime affairs and investments.

It’s a strategy that would involve development of new capacity for metals processing to battery pack assembly, according to Seto. “This is a race on technology,” he said in an interview. “LG Chem and CATL are two front-runners in lithium battery technology.”

Indonesia holds almost a quarter of global reserves of nickel, a key metal for electric

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HCA Healthcare Returning $6 Billion In Federal Coronavirus Aid

It’s rare when a company returns federal money. It’s rarer still when that money amounts to billions of dollars. Yet that’s the situation with top U.S. hospital operator HCA Healthcare (NYSE:HCA), which aims to return gobs of government largesse from whence it came.

All told, HCA announced that it’s planning to return roughly $6 billion, $1.6 billion of which consists of federal COVID-19 grants and $4.4 billion in Medicare loans. Both were provided as part of the government’s Coronavirus Aid, Relief, and Economic Security Act (CARES) passed in the early stages of the current pandemic.

HCA benefited from the loans and grants bestowed upon operators of healthcare facilities to help keep them afloat.

The company will pay those funds back because it continues to thrive, even though many elective surgeries have been postponed or canceled in the face of the coronavirus.

Last week HCA published a “preview” of its Q3

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Huawei discussing $3.7 billion sale of parts of Honor business: Report

  • Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
  • The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
  • The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
  • Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
  • Visit Business Insider’s homepage for more stories.

Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported. 

Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.

Digital China Group, the main distributor for Honor smartphones, is the frontrunner to

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Apple sees $81 billion in market value erased as it unveils its first 5G iPhones



icon: iPhone 12 Apple


© Apple
iPhone 12 Apple

Apple tumbled as much as 4% on Tuesday as the company unveiled its latest iPhones.

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The tech giant revealed its first 5G-capable lineup of phones spread across four new models. The iPhone 12 will be available in a 6.1-inch size and as a 5.4-inch variant deemed the iPhone 12 mini. The premium iPhone 12 Pro will be sold in 6.1-inch and 6.7-inch sizes. The new phones will also boast more durable screens, upgraded cameras, and a faster processor.

Shares traded at an intraday loss before the event but slid further after the reveal began at 1 p.m. ET. At the stock’s intraday low of $119.65 per share, Apple saw $81 billion erased from its market capitalization.

Read more: Apple just unveiled the first iPhones that include 5G technology. A Neuberger Berman investment chief says he’s identified 3 overlooked ways to profit from the

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WTO says EU can put tariffs on $4 billion of US goods

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused trade and savaged economies.

The ruling by the World Trade Organization arbitrators, which could inflame Trump administration criticism of the Geneva-based body, amounts to one of the largest penalties handed down by the WTO.

It comes a year after another ruling authorized the United States to slap penalties on EU goods worth up to $7.5 billion – including Gouda cheese, single-malt whiskey and French wine – over the bloc’s support for Boeing rival Airbus.

Now the EU can have its own turn at trade punishment, and has already been considering which American products it could target. A preliminary list that

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NASA efforts had a $65 billion economic impact last year, agency report shows

NASA’s first economic impact report suggests that the agency generated nearly $65 billion in economic impact during fiscal year 2019, with much of that activity coming from the Artemis program to return astronauts to the moon by 2024.



NASA's Space Launch System rocket, or SLS, is just one piece of the agency's "moon to Mars" initiative.


© Provided by Space
NASA’s Space Launch System rocket, or SLS, is just one piece of the agency’s “moon to Mars” initiative.

The agency released the report (which covers the period between Oct. 1, 2018 to Sept. 30, 2019) as it continues negotiations for its fiscal 2021 budget. That 2021 budget request by the Trump administration calls for a 12% increase for the agency to $25 billion, including a substantial contribution to Artemis for a planned 2024 astronaut landing on the moon. That budget has not been approved yet, as both the House and Senate continue markups of their versions of the bill. On Sept. 30, the Senate averted a government shutdown

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AU$7.4 billion tied up in active Australian government IT projects

The Digital Transformation Agency (DTA) in early 2017 was charged with looking into the structures of existing Australian government high-cost technology projects over AU$10 million.

Previously, the agency would provide status reports on these projects but that information is no longer provided freely.

Documents received by ZDNet under freedom of information (FOI) in January revealed there were 62 active tech-related projects above AU$10 million underway by the federal government, but the details surrounding how much has been spent to date — and how many of the projects went above the budgeted amount — were refused under the FOI.

See also: Government IT projects failing as DTA’s phone calls go unanswered

In its Annual Report 2019-20 [PDF] published this week, the DTA revealed the total amount of funds tied up in government IT projects, although that figure only accounts for funds as of January 2020.

As of January, AU$7.4 billion was

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Popular video game platform Roblox announces public offering that could value the company at $8 billion

Roblox CEO David Baszucki introduces one of the new Roblox games.


  • Video game platform Roblox filed confidentially for a public offering, according to a Monday press release.
  • The number of shares to be sold and their price range has not yet been decided.
  • The offering could peg Roblox’s valuation as high as $8 billion, Reuters reported earlier this month. That would double the $4 billion valuation it received in a February funding round.
  • Roblox hadn’t yet determined whether it wants to go public through a traditional IPO or a direct listing, according to the report.
  • Visit the Business Insider homepage for more stories.

Popular gaming platform Roblox announced Monday it filed confidentially for a public offering.

The company previously submitted a draft registration with the Securities and Exchange Commission to sell shares of its common stock, according to a press release. The number of shares to be sold

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Twilio CEO Jeff Lawson Shares Why He’s Acquiring Segment For $3.2 Billion

Twilio is making its acquisition of fellow cloud computing company Segment official.

San Francisco-based Twilio announced early on Monday that it had signed a definitive agreement to acquire Segment for $3.2 billion in an all-stock deal. The deal is expected to close in Twilio’s fourth fiscal quarter, the company said.

Forbes first broke the news of the pending acquisition on Friday.

In a joint interview with Forbes on Sunday night, Twilio CEO Jeff Lawson described the deal as the next step for a service that’s spent the last decade-plus “taking communications and breaking it down into building blocks” for developers to reach their own business’ customers.

“Communications was just the entry point for the real opportunity, which has been really providing a comprehensive platform for customer engagement,” Lawson said. “The one thing that’s always

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$17.6 Billion Laser Technology (Solid, Liquid, Gas and Others) Market – Global Forecast to 2025

The “Laser Technology Market by Type (Solid, Liquid, Gas and Others), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The Laser Technology Market Size is Expected to Grow from USD 11.7 Billion in 2020 to USD 17.6 Billion by 2025, at a CAGR of 8.6%

Increasing demand from healthcare vertical and Better performance of lasers over traditional material processing techniques are the key factors driving the growth of the Laser technology market.

Solid type lasers to hold the largest size of Laser technology market during forecast period

The market for solid lasers accounted for the largest size in 2019. A solid laser is the one that consists of an active medium in the solid form. The active medium in a solid laser comprises a glass or crystalline host material, which is

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