Reuters | March 29, 2023
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese officials so they would unfreeze his hedge fund’s accounts. The new bribery conspiracy charge adds to the pressure […]
Reuters | March 24, 2023
LONDON (Reuters) -Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet. Binance suspended deposits and withdrawals earlier on Friday due to a “bug on a trailing stop order,” Chief Executive Changpeng Zhao said in a tweet, adding that the pause in deposits and […]
Reuters | March 23, 2023
By Sheila Dang (Reuters) – Advertisers are seeking any assurances from TikTok, the viral app that helped usher in a wave of short-form video across social media, as the Chinese-owned company again faces a potential ban in the U.S. over national security concerns. When TikTok’s Chief Executive Officer Shou Zi Chew testifies before Congress for […]
Reuters | March 17, 2023
By Olzhas Auyezov and Mariya Gordeyeva ALMATY (Reuters) – Russian companies have flooded their Kazakh partners in recent weeks with new requests to help them circumvent Western sanctions and import badly needed goods, seven sources with direct knowledge of the matter told Reuters. After Russian forces invaded Ukraine on Feb. 24 last year, the West […]
Reuters | March 14, 2023
By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) -Bitcoin hit a nine-month high on Tuesday, taking gains past 30% in four days as it shrugged off chaos in global markets after last week’s collapse of Silicon Valley Bank and rode expectations that U.S. interest rates won’t rise so fast. Bitcoin jumped as much as 9.6% […]
Reuters | March 2, 2023
By Nivedita Balu and Akash Sriram (Reuters) – Tesla Inc’s shares fell about 7% on Thursday, after Chief Executive Elon Musk and team’s nearly four-hour presentation failed to impress investors looking out for an announcement on an affordable electric car. Musk and more than a dozen executives laid out fresh plans to cut assembly costs […]
Reuters | February 24, 2023
By Foo Yun Chee BRUSSELS (Reuters) -TikTok accused the European Commission on Friday of failing to consult it over a decision to ban the Chinese short video sharing app from staff phones on cybersecurity grounds, a move subsequently followed by another top EU body. The app, which is owned by Chinese firm ByteDance, is facing […]
Reuters | February 22, 2023
By Victoria Waldersee BERLIN (Reuters) -Tesla Inc has begun assembling batteries in Germany but will focus cell production in the U.S. in light of Inflation Reduction Act incentives, the company said, making it one of the first firms to declare a strategy shift prompted by the package. The U.S. electric-vehicle maker is also preparing to […]
Reuters | February 1, 2023
By Krystal Hu (Reuters) – OpenAI, the creator of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a blog post on Wednesday. ChatGPT is a free program that generates text in response to a prompt, including articles, essays, jokes and even poetry, which […]
Reuters | January 23, 2023
(Reuters) -Spotify Technology SA said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a demand downturn after two years of pandemic-powered […]