70.97 F
New York
August 4, 2021

Tech

EXCLUSIVE India enforcement agency threatens Flipkart, founders with $1.35 bln fine -sources

Reuters
Small toy shopping cart is seen in front of displayed Flipkart logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration NEW DELHI, Aug 5 (Reuters) – India’s financial-crime agency has asked Walmart’s (WMT.N) Flipkart and its founders to explain why they shouldn’t face a penalty of $1.35 billion for......

Facebook says it mistakenly blocked sprint queen Thompson-Herah from Instagram

Reuters
Jamaican had posted videos of her gold-medal races in Tokyo Unauthorised content is automatically removed, says IOC TOKYO, Aug 4 (Reuters) – Facebook Inc (FB.O) mistakenly blocked gold medallist sprinter Elaine Thompson-Herah, the fastest woman in the world, from Instagram, the company said on Wednesday. The Jamaican sprinter had tweeted......

Thales to sell signalling business to Hitachi in $2 bln deal

Reuters
PARIS, Aug 4 (Reuters) – Thales (TCFP.PA), Europe’s largest defence electronics company, said it was in advanced talks to sell its GTS railway signalling business to Japan’s Hitachi (6501.T) in a deal that values the division at 1.66 billion euros ($2 billion). The sale – which confirmed a Reuters exclusive......

U.S. crime app Citizen rolls out first paid tool, connecting users to safety agents

Reuters
Aug 3 (Reuters) – U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when they are in “stressful or uncertain situations.” Citizen uses crowd-sourced content and police scanner traffic to notify users in the United States of local incidents. It......

U.S. SEC Chair Gensler calls on Congress to help rein in crypto ‘Wild West’

Reuters
WASHINGTON, Aug 3 (Reuters) – The chair of the U.S. Securities and Exchange Commission (SEC) on Tuesday called on Congress to give the agency more authority to better police cryptocurrency trading, lending and platforms, a “Wild West” he said is riddled with fraud and investor risk. Gary Gensler said the......

‘Meme du jour’ Robinhood stock soars over 20%, passes IPO price

Reuters
Aug 3 (Reuters) – Robinhood Markets Inc’s(HOOD.O) shares surged over 20% on Tuesday, adding more than $7 billion to the value of the online brokerage and elevating its stock above the price set in last week’s poorly received IPO. The shares were at $46.80 in late afternoon trading, marking a......

Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists

Reuters
Aug 3 (Reuters) – China’s Alibaba Group Holding Ltd (9988.HK), missed analyst estimates for first-quarter revenue on Tuesday, as its e-commerce business was hurt by rising competition from smaller players such as JD.Com Inc (9618.HK) and Pinduoduo Inc (PDD.O). Alibaba’s results mirror those of e-commerce giant Amazon.com Inc (AMZN.O) in......

Tencent tumbles after Chinese media calls online gaming “spiritual opium”

Reuters
A Tencent logo is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo SHANGHAI, Aug 3 (Reuters) – Shares of online gaming companies, including Tencent Holdings Ltd (0700.HK) and NetEase Inc (9999.HK), tumbled on Tuesday......

Facebook’s Kustomer deal may hurt competition, EU regulators say

Reuters
BRUSSELS, Aug 2 (Reuters) – Facebook’s acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online advertising, European Union antitrust regulators warned on Monday as they opened a full-scale investigation into the deal. The move by the European Commission comes amid regulatory concerns......

Reese Witherspoon’s media firm to be sold to Blackstone-backed company

Reuters
Aug 2 (Reuters) – Academy award-winning actress Reese Witherspoon’s media company, Hello Sunshine, is selling itself to a newly formed media firm backed by Blackstone Group Inc (BX.N) for an undisclosed sum. The sale will value the company at about $900 million, people familiar with the matter told Reuters. Founded......

For young fashionistas on Depop, everything old is new again

Reuters
NEW YORK, Aug 2 (Reuters) – If finding new uses for old stuff is one of the core tenets of a sustainable business, some young influencers are taking that idea to the bank – by giving old fashions a new lease on life. Millions of teens and twenty-somethings have embraced......

Ferrari sticks to 2021 targets after strong Q2

Reuters
Ferrari’s latest limited-edition special series is seen in this handout photo obtained by Reuters on April, 21, 2021. Ferrari/Handout via REUTERS FY cash flow guidance raised to around 450 mln euros Forecasts on FY revenues and adj. EBITDA unchanged Adj. EBITDA at 386 mln euros in Q2 MILAN, Aug 2......

Grab’s sales jump 39% in Q1, ahead of record SPAC deal

Reuters
Grab’s President Ming Maa poses before an interview with Reuters in Singapore August 22, 2019. REUTERS/Edgar Su SINGAPORE, Aug 2 (Reuters) – Grab, Southeast Asia’s biggest ride hailing-to-food delivery group’s first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the......

Square to buy Afterpay for $29 bln as buy now, pay later booms

Reuters
A logo for the company Afterpay is seen in a store window in Sydney, Australia, July 9, 2020. REUTERS/Stephen Coates Aug 2 (Reuters) – Square Inc (SQ.N) will buy Australia’s Afterpay Ltd (APT.AX) for about $29 billion in an all-stock deal as the U.S. fintech firm looks to leverage burgeoning......

Russian cosmonauts give video tour of module that jolted space station

Reuters
The Nauka (Science) Multipurpose Laboratory Module is seen docked to the International Space Station (ISS) next to next to Soyuz MS-18 spacecraft on July 29, 2021. Picture taken July 29, 2021. Oleg Novitskiy/Roscosmos/Handout via REUTERS MOSCOW, Aug 1 (Reuters) – Russian cosmonauts have given a video tour of the interior......

Private equity firm CD&R readies Morrisons counter-bid – report

Reuters
LONDON, July 31 (Reuters) – Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a 6.3 billion-pound ($8.8 billion) offer from a group led by another U.S. buyout firm, Fortress, the Sunday Times reported. The newspaper......

Organisers seek to prevent heatstroke with AI gadget

Reuters
TOKYO, July 31 (Reuters) – The Tokyo Olympics is battling through a pandemic, with the Japanese capital in a state of emergency amid a record spike in COVID-19 cases, but athletes, officials and staff also face another pervasive, deadly health threat: the heat. The risks of heatstroke at one of......

Disney makes vaccination mandatory for on-site U.S. employees

Reuters
Coalition of Resort Labor Unions representing Disney cast members stage a car caravan outside Disneyland California, calling for higher safety standards for Disneyland to reopen during the global outbreak of the coronavirus disease (COVID-19) in Anaheim, California, U.S., June 27, 2020. REUTERS/Mike Blake July 30 (Reuters) – Walt Disney Co......

Musk says “Epic is right,” takes sides in battle with Apple

Reuters
July 30 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Friday showed his support for “Fortnite” maker Epic Games that has challenged Apple Inc’s (AAPL.O) fees on its App Store. “Apple app store fees are a de facto global tax on the Internet. Epic is right,” he......

Tech executive invests in digital news start-up launched by veteran D.C. journalists

CNBC
CNBC – For more and to sign up click here Stevica Mrdja / EyeEm | EyeEm | Getty Images A digital news start-up that’s being launched by veteran journalists received an investment from a top tech executive. The start-up, expected to launch in the fall, is led in part by......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More