Tag Archives: technology
Rogers, Shaw sign agreement to sell Freedom Mobile to Quebecor
(Reuters) - Rogers Communications Inc and Shaw Communications Inc have signed a deal to sell the former's division Freedom Mobile to Videotron Ltd, a subsidiary of Quebecor, the companies said on Frid...
Syndicated Content Aug 12, 2022
With Alibaba stake cut, SoftBank’s Son cools toward China tech
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how ...
Syndicated Content Aug 12, 2022
Abrdn buys stake in digital assets exchange Archax
LONDON (Reuters) - British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value. The stake, acqu...
Syndicated Content Aug 12, 2022
China’s Huobi founder looks to sell stake for over $1 billion- Bloomberg News
(Reuters) - The founder of China's Huobi Group, which runs one of the world's largest cryptocurrency exchanges, is in talks with investors to sell his almost 60% stake in the exchange for over $1 bill...
Syndicated Content Aug 12, 2022
China’s Huawei says first-half profit drops 52% as demand weakens
SHENZHEN, China (Reuters) - Huawei Technologies said on Friday its first-half net profit more than halved as a difficult economy curtailed demand from customers, compounding woes brought by U.S. techn...
Syndicated Content Aug 12, 2022
Hacker offers to sell data of 48.5 million users of Shanghai’s COVID app
By Eduardo Baptista BEIJING (Reuters) - A hacker has claimed to have obtained the personal information of 48.5 million users of a COVID health code mobile app run by the city of Shanghai, the second c...
Syndicated Content Aug 12, 2022
Google to pay $42.7 million in penalties for misleading users – Australian watchdog
(Reuters) - Australia's competition watchdog said on Friday that Alphabet Inc's Google unit was ordered by the country's federal court to pay A$60 million ($42.7 million) in penalties for misleading u...
Syndicated Content Aug 12, 2022
Chasing green goals, corporations push car fleet managers toward EVs
By Nick Carey and Ben Klayman MACCLESFIELD, England (Reuters) - Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets ...
Syndicated Content Aug 12, 2022
Paytm slips 6% on questions over CEO reappointment, regulatory fears
BENGALURU (Reuters) - Shares of India's digital payments firm Paytm fell 6.2% on Friday, hit by a proxy advisory firm's opposition to reappointment of its chief executive officer and the central bank'...
Syndicated Content Aug 12, 2022
China’s SMIC posts quarterly revenue surge but warns of some panic in chip sector
SHANGHAI (Reuters) - Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Friday reported a 42% jump in second-quarter revenue but also said the sector was facing some "panic an...
Syndicated Content Aug 11, 2022

