Tech

PARIS - Problems over semi-conductor supplies could still affect the car industry for a good part of 2022, the head of French car sector body PFA said on Tuesday. "We are in a long-term crisis that will have a lasting impact on the automotive industry," Luc Chatel told reporters. ...
By Tom Wilson LONDON -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, which listed on the London Stock Market in July, said in a tradin...
SHANGHAI - 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. Luo Junjie, a spokesperson from the Ministry of Industry and Information Technology, made th...
BENGALURU - 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 company at $4.01 billion. (Reporting by Anuron Kumar Mitra in Bengaluru; ...
SINGAPORE - 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 herald investment flows into bitcoin and cryptocurrency assets. Bitcoin, the world's biggest cr...
LONDON - 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, which listed on the London Stock Exchange in July, said it expects its revenue growth fo...
STOCKHOLM - 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 on Tuesday. The funding round, an extension of the firm's $100 million Series C announced se...
BEIJING - 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 intervene, a state-run newspaper said on Tuesday. According to the Economic Information Daily, a n...
By Eva Mathews - The success of the South Korean dystopian drama series "Squid Game" has led investors to bet on Netflix Inc's plans to explore more international content to boost slowing subscriber growth. With a 111 million-strong fan base in just 27 days after it...
SHANGHAI - Chinese smartphone maker Xiaomi Corp will mass produce its own cars in the first half of 2024, a senior company executive wrote on Tuesday on social media site Weibo. (Reporting by Josh Horwitz; Editing by Clarence Fernandez)...
SEOUL -South Korean battery maker Samsung SDI Co Ltd and global automaker Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday. Samsung SDI, an affiliate of South Korean tech giant...
By Josh Horwitz SHANGHAI -Chinese tech giant Alibaba Group Holding Ltd said on Tuesday it has developed a processor that will be used to power servers in its data centers. The development marks the latest foray into semiconductors for the company, mirroring moves from ot...
SEOUL - Battery maker Samsung SDI Co Ltd and automaker Stellantis NV have signed a memorandum of understanding to establish an electric vehicle (EV) battery joint venture, South Korea's Yonhap news agency reported on Tuesday, citing industry sources. Yonhap said the two companies ...
SHANGHAI - Chinese tech giant Alibaba Group Holding Ltd on Tuesday unveiled an ARM-based processor developed by its T-Head semiconductor division, to be used in its cloud computing division. (Reporting by Josh Horwitz; Editing by Himani Sarkar)...
(Corrects paragraph 6 to clarify that Schwab did not restrict buying or selling of GameStop's shares, but that it adjusted margin requirements and restricted certain advanced options strategies) By John McCrank NEW YORK -The U.S. Securities and Exchange Commission on Mo...
By Krystal Hu - Zix Corp, a U.S. provider of email security solutions, is exploring strategic alternatives that include a sale of the company, according to people familiar with the matter. Zix has hired Citigroup Inc to negotiate with interested parties that include...
- Cloud storage provider Backblaze Inc filed for a U.S. initial public offering (IPO) on Monday, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pandemic. reported in November that Backblaze was seeking to hir...
By Michelle Price - The U.S. securities regulator released its long-awaited post-mortem into January's GameStop saga https://www..com/business/why-did-sec-release-report-gamestop-2021-10-18, in which retail traders banded together on social media and piled in to GameStop and other...
By Diane Bartz WASHINGTON - About a dozen U.S. senators from both parties on Monday formally introduced a bill that would bar Big Tech platforms, like Amazon and Alphabet's Google, from favoring their products and services. The bill follows others introduced with the...
By John McCrank NEW YORK - The U.S. Securities and Exchange Commission on Monday released a report examining the frenzied trading in shares of retailer GameStop Corp, and other 'meme' stocks, in January, and recommended some areas for further regulatory consideration. ...