Tag Archives: technology
Oracle starts job cuts in U.S. – The Information
(Reuters) - Oracle Corp has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter. The publication in July reported tha...
Aug 01, 2022
Einhorn’s Greenlight takes stake in Twitter – letter
BOSTON (Reuters) - Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepren...
Aug 01, 2022
Uber Eats in focus as inflation-hit consumers rethink ordering in
By Nivedita Balu (Reuters) - The food-delivery business that kept Uber Technologies' earnings afloat during the peak of the pandemic is expected to show signs of strain in second-quarter results due o...
Aug 01, 2022
U.S. SEC charges 11 individuals in $300 million crypto pyramid scheme
By Kanishka Singh WASHINGTON (Reuters) - The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi sche...
Aug 01, 2022
Italy’s Eni sets up vehicle to support innovative technologies
MILAN (Reuters) - Eni has set up a new company called Eniverse Ventures that will help develop new technologies in the energy transition sector, the Italian company said on Monday. The new company wil...
Aug 01, 2022
China’s CATL reshuffles management as billionaire executive exits
SHANGHAI (Reuters) - China's CATL said on Monday its vice chairman and deputy general manager Huang Shilin had resigned and would leave the battery maker to explore business opportunities elsewhere. T...
Aug 01, 2022
India’s Zomato plans new management structure, with multiple CEOs -memo
By M. Sriram MUMBAI (Reuters) - Zomato, the Indian food delivery company backed by China's Ant Group, is considering reorganising its management so that each of its individual businesses would have it...
Aug 01, 2022
China’s XTransfer to expand from payments into wealth management, lending
SHANGHAI (Reuters) - XTransfer, which facilitates cross-border payments for small businesses in China, said it is moving into wealth management and lending for clients underserved by traditional banki...
Aug 01, 2022
India concludes $19 billion 5G spectrum auction
NEW DELHI(Reuters) - India's telecom minister said on Monday that companies bought a total of spectrum worth $19 billion as its 5G spectrum auction that concluded earlier in the day. The auction has s...
Aug 01, 2022
India’s Zomato quarterly loss narrows
BENGALURU (Reuters) - Indian food delivery firm Zomato Ltd, backed by China's Ant Group, said on Monday its quarterly loss narrowed helped by an increase in orders for restaurant meals on its platform...
Aug 01, 2022
