Tag Archives: technology
Facebook risks meta flop, metaverse developers say
(Corrects to fix literal in last paragraph) By Elizabeth Howcroft LONDON (Reuters) -Facebook risks missing the point of metaverse - and a coming shift in consumers' behaviour - if it fails to permit d...
Dec 01, 2021
Digital assets face ‘bumps in the road’ amid China-like growth, metaverse investor Yat Siu says
By Elizabeth Howcroft LONDON (Reuters) - Demand for digital assets is set to grow as online virtual worlds become more popular but investors face some short-term risks, Animoca Brands' chairman and co...
Dec 01, 2021
VW expects battery, raw material drive to cost up to $34 billion
By Christoph Steitz FRANKFURT (Reuters) - Volkswagen's planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Sc...
Dec 01, 2021
China to ban loophole used by tech firms for foreign IPOs – Bloomberg News
(Reuters) - China is planning to ban companies from going public on foreign stock markets through variable interest entities, closing a loophole used by the country's tech industry to raise capital fr...
Dec 01, 2021
Britain’s Blue Prism agrees to $1.65 billion takeover by SS&C
(Reuters) - British software group Blue Prism agreed on Wednesday to be bought by U.S.-based SS&C Technologies for 1.24 billion pounds ($1.65 billion), withdrawing its backing of an earlier agreement ...
Dec 01, 2021
IG Group to sell two trading platforms for $216 million
(Reuters) - Online trading platform IG Group said on Wednesday it was planning to sell its short-term options trading platform NADEX and crypto stock exchange Small Exchange for $216 million to Crypto...
Dec 01, 2021
CoinShares Intl to buy French fintech company Napoleon for around 14 million euros
PARIS (Reuters) - Cryptocurrency company CoinShares International has agreed to buy French fintech Napoleon Crypto SAS for around 13.9 million euros ($15.8 million), as the booming cryptocurrency sect...
Dec 01, 2021
India’s Nykaa looks to triple store count in retail expansion-CEO
By Abhirup Roy MUMBAI (Reuters) - Indian cosmetics-to-fashion retailer Nykaa plans to more than triple its brick-and-mortar stores to 300, founder and Chief Executive Falguni Nayar said, significantly...
Dec 01, 2021
Analysis-Japan keen to speed up digital yen launch as China adds geopolitical twist
By Leika Kihara TOKYO (Reuters) - Japan's new political leadership is calling on the country's financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China's far quick...
Nov 30, 2021
Google to ban political advertising ahead of Philippine election
MANILA (Reuters) - Alphabet Inc's Google said on Wednesday it will ban political advertising on its platform in the run-up to Philippine elections in May next year to choose a successor to President R...
Nov 30, 2021
