Tag Archives: technology
Tencent to block Chinese gamers’ access to foreign, unapproved games
By Josh Ye HONG KONG (Reuters) - Tencent Holdings Ltd said it will shut down a service that allowed Chinese gamers to access overseas platforms to play unapproved foreign games, in a sign of tightenin...
Apr 14, 2022
Ericsson’s earnings miss on software contract delay, Russia provision
STOCKHOLM (Reuters) - Sweden's Ericsson, under fire over its handling of a bribery investigation in Iraq, on Thursday reported a fall in first-quarter core earnings, hurt by a delay in recording a lar...
Apr 14, 2022
China’s Quora-like Zhihu raises $106 million in Hong Kong listing – sources
By Scott Murdoch HONG KONG (Reuters) - Chinese question and answer website Zhihu Inc priced its Hong Kong listing at HK$32.06 each to raise HK$833 million ($106.25 million), according to two sources w...
Apr 13, 2022
China securities regulator orders Lenovo to fix information disclosures
SHANGHAI/BEIJING (Reuters) - China's securities regulator on Thursday ordered Lenovo Group to rectify information disclosure issues. Lenovo failed to file timely, complete and accurate disclosures reg...
Apr 13, 2022
U.S. judge cuts verdict in Tesla race bias case to $15 million from $137 million
(Reuters) - A federal judge on Wednesday said a $137 million jury award, one of the largest of its kind, to a Black former factory worker who sued Tesla Inc for racial discrimination was excessive and...
Apr 13, 2022
Australia’s Uniti agrees to $2.7 billion takeover offer from Brookfield, Morrison & Co
(Reuters) -Uniti Group has agreed to a nearly A$3.62 billion ($2.70 billion) takeover offer by a unit of Canada's Brookfield Asset Management Inc and fund manager Morrison & Co, the Australian telecom...
Apr 13, 2022
Mercedes-Benz completes 1,000 km electric drive on energy-efficient design
BERLIN (Reuters) - Mercedes-Benz aims to produce electric cars consuming as little as 10 kilowatt hours of energy per 100 km (62 miles), its chief technology officer (CTO) said on Thursday, a third mo...
Apr 13, 2022
Rent the Runway reports quarterly revenue above estimates
(Reuters) - Rent the Runway on Wednesday reported a 91% jump in fourth-quarter revenue, beating Wall Street estimates. The company reported revenue of $64.1 million, above estimates of $63.22 million,...
Apr 13, 2022
State securities regulators order virtual casino firm to stop selling NFTs
By Chris Prentice WASHINGTON (Reuters) - Securities regulators in the U.S. states of Texas and Alabama on Wednesday ordered an online casino developer to stop selling non-fungible tokens (NFTs), alleg...
Apr 13, 2022
Amazon to charge merchants 5% surcharge for fulfillment services as fuel costs rise
(Reuters) - Amazon.com Inc on Wednesday said it will charge merchants an average 5% fuel and inflation surcharge to warehouse and ship their products to shoppers in the United States, in response to r...
Apr 13, 2022
