Tag Archives: technology
ADT secures $1.5 billion investment from State Farm, Google -WSJ
(Reuters) - Home security company ADT Inc has secured more than $1.5 billion in investments from State Farm and Alphabet Inc's Google, the Wall Street Journal reported on Tuesday, citing people famili...
Sep 06, 2022
India’s Matrimony.com launches app catering to LGBTQIA+ community
BENGALURU (Reuters) - Indian matchmaking site Matrimony.com Ltd has launched a new app catering to the members of the LGBTQIA+ community, the company said on Tuesday, as it expands to cover a bigger s...
Sep 06, 2022
China to improve mechanism for core tech innovations -state media
BEIJING (Reuters) - China will improve its mechanism for core technology development and strengthen the ruling Communist Party's leadership in tech innovation, state media quoted President Xi Jinping ...
Sep 06, 2022
U.S. Department of Commerce releases plan for $50 billion chips investments
(Reuters) - The U.S. Department of Commerce released its plan for implementing its $50 billion program to subsidize domestic chip manufacturing and expand research early on Tuesday. The CHIPS - Creati...
Sep 06, 2022
Russia’s VTB launches transfers in Chinese yuan bypassing SWIFT
MOSCOW (Reuters) - VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial t...
Sep 06, 2022
Footprint valuation drops 38% after amended SPAC deal
(Reuters) - Materials science technology company Footprint took a 38% cut to its valuation as part of an amended merger deal with a blank-check firm backed by billionaire Alec Gores, the companies sai...
Sep 06, 2022
SoftBank plans $35 million bet on India’s GoMechanic – sources
By M. Sriram MUMBAI (Reuters) - SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor's smallest bets in Indi...
Sep 06, 2022
Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offers
By Chen Lin and Josh Ye SINGAPORE/HONG KONG (Reuters) - Southeast Asia's largest e-commerce firm Shopee has rescinded dozens of job offers in the past two weeks, sources said, a move that began shortl...
Sep 06, 2022
Biden administration to seek chip funding applications next year – NYT
(Reuters) - The United States Department of Commerce aims to begin soliciting applications for semiconductor chips funding from companies no later than February, Commerce Secretary Gina Raimondo said ...
Sep 06, 2022
Crypto firm 21.co raises $25 million to value it at $2 billion
(Reuters) - Crypto investment product firm 21.co, parent of 21Shares, said on Tuesday it had raised $25 million in a funding round led by Marshall Wallace that valued the company at $2 billion. "With ...
Sep 06, 2022
