SoftBank halts plans for Arm’s London IPO

[ad_1] SoftBank’s billionaire founder, Masayoshi Son, had told shareholders in June that he was in favour of a U.S. listing SoftBank’s billionaire founder, Masayoshi Son, had told shareholders in June that he was in favour of a U.S. listing SoftBank has put on hold plans for a London initial public offering of the British chip […]

Continue Reading

Lawsuit accuses Apple of antitrust violations over Apple Pay

[ad_1] The plaintiff said Apple’s anticompetitive conduct forces the more than 4,000 banks and credit unions that use Apple Pay to pay at least $1 billion of excess fees annually for the privilege The plaintiff said Apple’s anticompetitive conduct forces the more than 4,000 banks and credit unions that use Apple Pay to pay at […]

Continue Reading

Twitter claims Musk is ‘slow-walking’ trial over $44 billion deal

[ad_1] The two sides will make their arguments about the trial’s proposed start date to a Delaware Court of Chancery judge on Tuesday The two sides will make their arguments about the trial’s proposed start date to a Delaware Court of Chancery judge on Tuesday Twitter Inc on Monday accused Elon Musk of trying to […]

Continue Reading

Didi’s digital payments unit fined by China’s central bank

[ad_1] The unit was fined for violations that included transactions not meeting the requirements for traceability and authenticity, and failure to report significant risk events in a timely manner The unit was fined for violations that included transactions not meeting the requirements for traceability and authenticity, and failure to report significant risk events in a […]

Continue Reading

Privately issued but regulated digital currencies have benefits, say central bank chiefs

[ad_1] The benefits would hinge on how such private companies issuing digital assets are regulated The benefits would hinge on how such private companies issuing digital assets are regulated Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor […]

Continue Reading

Google to pay $90 million to settle legal fight with app developers

[ad_1] Alphabet Inc’s Google has agreed to pay $90 million to settle a legal fight with app developers over the money they earned creating apps for Android smartphones and for enticing users to make in-app purchases, according to a court filing. The app developers, in a lawsuit filed in federal court in San Francisco, had […]

Continue Reading

Crypto firm BlockFi signs $250 million revolving credit agreement with FTX

[ad_1] The move comes as the crypto industry reels from crashing prices, frozen accounts, layoffs, and regulatory challenges The move comes as the crypto industry reels from crashing prices, frozen accounts, layoffs, and regulatory challenges BlockFi has signed a term sheet with digital asset exchange FTX for a $250 million revolving credit facility, the cryptocurrency […]

Continue Reading

5G service to commence in 20-25 Indian cities, towns by late 2022: IT Minister

[ad_1] Pointing out that data rates in India are at about $2, against global average of $25, Union Telecom Minister Ashwini Vaishnaw said low rates would continue with 5G Pointing out that data rates in India are at about $2, against global average of $25, Union Telecom Minister Ashwini Vaishnaw said low rates would continue […]

Continue Reading

Tension at Toshiba erupts into public as directors trade barbs

[ad_1] The rift is the latest in a long-running crisis that has seen management and shareholders locked in a bitter dispute over the future of the company. The rift is the latest in a long-running crisis that has seen management and shareholders locked in a bitter dispute over the future of the company. Tension at […]

Continue Reading

‘Network of fake accounts inflated BJP MP posts; staffer prompted, but FB took no action for months’

[ad_1] Facebook did not take down an alleged network of fake accounts that was engaged in inflating posts shared by Vinod Sonkar, BJP MP from Kaushambi, after it realised that the lawmaker’s own account might have been part of coordinating the network — meaning that any action taken against the network would also have applied […]

Continue Reading