Tag Archives: technology
China industry ministry expects auto chips shortage to ease in Q4
SHANGHAI (Reuters) - China's industry ministry expects the chips shortage that has impacted the automotive sector will ease in the fourth quarter of this year, a government official said on Tuesday. L...
Oct 19, 2021
Indian fintech firm CRED valued at $4 billion in new funding round
BENGALURU (Reuters) - India's CRED said on Tuesday it had raised $251 million in a new funding round led by existing investors and private equity firms Tiger Global and Falconedge, valuing the fintech...
Oct 19, 2021
Bitcoin nears record high ahead of futures ETF listing
SINGAPORE (Reuters) - Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange traded fund could hera...
Oct 19, 2021
UK watchdog to launch investigation into music streaming
LONDON (Reuters) - Britain's competition regulator said on Tuesday it planned to launch an investigation into the music streaming market to see whether it was functioning properly for consumers. The C...
Oct 19, 2021
Gambling firm 888 reports higher quarterly revenue
(Reuters) - Online-focussed gambling firm 888 reported a 7% rise in third-quarter revenue on Tuesday, as its expansion in regulated markets paid off despite a tough comparative a year earlier. 888's t...
Oct 19, 2021
UK payment company Wise says Q2 revenue up 25%
LONDON (Reuters) - Money transfer company Wise Plc said on Tuesday that its revenue was 132.8 million pounds ($182.97 million) in the second quarter, a rise of 25% from the same period last year. Wise...
Oct 19, 2021
Delivery Hero buys minority stake in grocery delivery startup Gorillas
BERLIN (Reuters) - Delivery Hero said on Tuesday it had invested $235 billion in the Berlin-based grocery delivery company Gorillas, amid a boom in rapid delivery services. The purchase means Delivery...
Oct 19, 2021
Finland’s Aiven raises $60 million at $2 billion valuation
STOCKHOLM (Reuters) - Finland-based cloud software firm Aiven has raised $60 million from existing investors World Innovation Lab, IVP and Atomico, giving the firm a valuation of $2 billion, it said o...
Oct 19, 2021
China regulators should act further to free up apps’ access to rivals’ links -state paper
BEIJING (Reuters) - Chinese internet platforms have not gone far enough in unblocking external links, as instructed by authorities, and relevant government bodies should take further action to interve...
Oct 19, 2021
Ericsson profit beats expectations on 5G demand despite China setback
STOCKHOLM (Reuters) - Sweden's Ericsson reported third-quarter core earnings above market estimates on Tuesday, as strong sales of 5G equipment in most of the world offset a loss of market share in ma...
Oct 19, 2021
