Tag Archives: technology
Russia’s no. 1 mobile operator MTS starts selling used and discounted smartphones
(Reuters) - Russia's biggest mobile operator MTS said on Tuesday it has started selling discounted and used smartphones, offering Russian consumers cheaper alternatives as inflation bites and Western ...
May 24, 2022
German grocery app Gorillas to cut staff in search of profit
FRANKFURT (Reuters) - Gorillas will lay off 300 people, cutting its administrative staff in half, as the German grocery delivery app shifts focus from rapid expansion to turning a profit, Chief Execut...
May 24, 2022
Vietnam EV maker VinFast to shift HQ to Singapore ahead of IPO, first exports
By Phuong Nguyen and Kevin Krolicki (Reuters) - Vietnam's VinFast is shifting its headquarters to Singapore as the fledgling electric vehicle (EV) maker readies for a public listing and the first prod...
May 24, 2022
One in ten euro zone households owns crypto-assets -ECB survey
FRANKFURT (Reuters) - One in ten euro zone households have bought crypto-assets such as bitcoin, with the rich only slightly more likely to own some than the poor, a European Central Bank study showed...
May 24, 2022
Cybersecurity firm Semperis raises over $200 million in KKR-led round
By Krystal Hu (Reuters) - U.S. cybersecurity software firm Semperis said it has raised over $200 million in a funding round led by private equity firm KKR & Co Inc at a valuation substantially higher ...
May 24, 2022
China’s Weibo bans Trip.com co-founder who questioned zero-COVID strategy
BEIJING (Reuters) - A leading entrepreneur in China who had questioned the wisdom of the country's zero-COVID strategy was banned from posting on Weibo, with the social media platform accusing Trip.co...
May 24, 2022
Samsung to invest $356 billion over five years in strategic sectors
By Byungwook Kim SEOUL (Reuters) - Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation ...
May 24, 2022
Hyundai Motor Group to invest $50 billion in S.Korea through 2025
SEOUL (Reuters) - Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its competitiveness in different business fields, in...
May 23, 2022
Airbnb says will shut domestic business in China from July 30
SHANGHAI (Reuters) - Vacation rental firm Airbnb Inc said on Tuesday it will shut down all listings and experiences in China from July 30. The company made the announcement in a letter posted to its o...
May 23, 2022
Toyota to cut global production by 100,000 in June
TOKYO (Reuters) - Toyota Motor Corp will cut its global production plan by about 100,000 to roughly 850,000 in June due to the semiconductor shortage, it said on Tuesday. The company did not change it...
May 23, 2022
