Tag Archives: technology
Amazon defends Prime program in bid to defeat FTC lawsuit
By Mike Scarcella (Reuters) - Amazon.com has denied duping millions of subscribers to its Amazon Prime service, asking a U.S. judge in Seattle to dismiss a Federal Trade Commission lawsuit that the ec...
Oct 19, 2023
Italy remains open to investment by Intel, rival chipmakers – minister
ROME (Reuters) - Italy remains open to a possible investment by Intel in the country and would also welcome other chip makers, Industry Minister Adolfo Urso said on Wednesday. The minister said Italy ...
Oct 19, 2023
Sam Bankman-Fried said customer funds would be kept safe, FTX ex-lawyer testifies
By Luc Cohen NEW YORK (Reuters) - Cryptocurrency exchange FTX's former top lawyer testified on Thursday at its founder Sam Bankman-Fried's fraud trial that the defendant told him that the now-bankrupt...
Oct 19, 2023
AI startup Imbue gets $12 million in follow-on funding
By Anna Tong Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million ...
Oct 19, 2023
Philips CEO: China business, supply chain undergoing major changes
By Toby Sterling AMSTERDAM (Reuters) - Making more products for China locally and buying chips from several suppliers are just two of the supply chain changes Dutch healthcare technology firm Philips ...
Oct 19, 2023
India’s Cyient beats Q2 revenue estimates on sustainability, transport demand
BENGALURU (Reuters) - India's Cyient on Thursday reported a bigger-than-expected rise in its second-quarter revenue on strong growth in sustainability and transportation segments. The engineering and ...
Oct 19, 2023
Japan banks set to commit $12.7 billion financing for Kioxia-WDC merger
By Miho Uranaka, Makiko Yamazaki and Maki Shiraki TOKYO (Reuters) - Japan's top banks are set to commit to 1.9 trillion yen ($12.7 billion) financing to support the merger of Kioxia Holdings and Weste...
Oct 19, 2023
NY Attorney General sues crypto firms Gemini, Genesis
(Reuters) -New York Attorney General Letitia James on Thursday sued cryptocurrency firms Gemini, Genesis Global and Digital Currency Group for allegedly "defrauding" investors of more than $1 billion....
Oct 19, 2023
Exclusive-Hitachi set to win EU okay for $1.8 billion Thales deal, sources say
By Foo Yun Chee BRUSSELS (Reuters) - Hitachi is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales' GTS railway signalling business on the condition it sell...
Oct 19, 2023
Chinese gallium prices hit 7-month high as demand improves, shipments resume
BEIJING (Reuters) - Chinese prices of chip-making metal gallium hit their highest since February this week on stronger domestic demand and growing hopes of recovering exports, analysts and suppliers s...
Oct 19, 2023
