business news

Microsoft partners with Kawasaki for industrial metaverse

Microsoft’s HoloLens 2. Andrew Evers | CNBC You may not be ready to jump into the metaverse for fun, but it could be coming to work sooner than you think. Microsoft announced Tuesday that Kawasaki is a new customer for the tech giant’s so-called “industrial metaverse” ⁠— a fancy way of saying factory floor workers …

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Nokia CEO says 6G will arrive by 2030 and AR glasses will overtake phone

Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t think the smartphone will be the most “common interface” by then. Speaking on a panel …

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Electronics set to rise as chip giants like TSMC, Samsung hike prices

A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts. The world’s biggest foundries — including Taiwan Semiconductor Manufacturing Company, Samsung and …

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Where the billions spent on driverless cars by US and China is heading

An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet’s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future …

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Demand will persist, problem is with supply chains

BEIJING — Nio’s biggest challenge right now is making sure that supply chains are stable, CEO William Li told CNBC. The Chinese electric carmaker has had to charge customers more due to soaring prices of raw materials. When Covid controls in April prevented Nio’s from getting parts from suppliers, the company had to temporarily suspend …

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EU plans renewables expansion, says coal needed a little while longer

A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gaps. Mia Bucher | Picture Alliance | Getty Images The European Commission has fleshed out details of a plan to …

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Oceans reached record heat, acidity in 2021: UN report

A diver inspects transplanted coral near Dibba Port in Fujairah, United Arab Emirates, June 15, 2020. Christopher Pike | Reuters Oceans reached their hottest and most acidic levels on record last year, the World Meteorological Organization said Wednesday, marking a major consequence of climate change from human-induced greenhouse gas emissions. The findings were part of …

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