Tag Archives: technology
Prosus slashes India’s Byju’s valuation to $5 billion
(Corrects company name to BlackRock from Blackrock in paragraph 3) BENGALURU (Reuters) -Dutch-listed technology investor Prosus NV has slashed the valuation of troubled Indian edtech startup Byju's to...
Jun 27, 2023
Amazon appeals to French court to scrap planned 3 euro book delivery fee
PARIS (Reuters) - Online retailer Amazon.com has appealed to France's highest administrative court to overturn part of a law seeking to charge a minimum 3-euro ($3.3) delivery fee for books purchased ...
Jun 27, 2023
Zoox headcount grows as Amazon’s self-driving unit expands testing in Vegas
By Abhirup Roy and Akash Sriram (Reuters) - Amazon.com Inc's self-driving vehicle unit, Zoox, is hiring more employees to expand its testing in Las Vegas at a time when the regulatory implications hav...
Jun 27, 2023
Fidelity preparing to submit spot bitcoin ETF filing – The Block
(Reuters) - Asset management giant Fidelity is close to submitting its filing for a spot bitcoin exchange-traded fund (ETF), the Block reported on Tuesday citing a source familiar with the matter. Fid...
Jun 27, 2023
Siemens Energy: no critical data was compromised after MOVEit data breach
FRANKFURT (Reuters) - Siemens Energy on Tuesday said it was among the targets of the MOVEit hack that has hit several corporations and institutions in recent weeks, adding no critical data had been co...
Jun 27, 2023
Faraday Future investors commit $90 million in funding
(Reuters) - Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%...
Jun 27, 2023
Apple fails to end lawsuit over China sales comment by CEO Cook
By Jonathan Stempel (Reuters) - A U.S. judge has rejected Apple's bid to throw out a class-action lawsuit that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand ...
Jun 27, 2023
ACI Worldwide fined $25 million for multibillion-dollar mortgage payment ‘fiasco’
(Reuters) - The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide $25 million for improperly processing more than $2 billion in mortgage paym...
Jun 27, 2023
Belgium’s ABEE plans 1.4 billion euro battery plant in Romania, mayor says
(Reuters) - Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro ($1.53 billion) battery plant in Romania's Galati, creating up to 8,000 jobs, the city's mayor said ...
Jun 27, 2023
Silicon Valley startup SandboxAQ hired to beef up US military cyber security
By Jane Lanhee Lee OAKLAND, California (Reuters) - Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in ...
Jun 27, 2023
