Fireblocks raises $550 million, valuing the company at $8 billion
On Thursday, Fireblocks, a provider of digital asset infrastructure, announced that it had raised $550 million from institutional investors, making…
Abu Dhabi’s Chimera completes second venture capital fund at $10 billion
Chimera Capital, an Abu Dhabi investment firm, announced on Tuesday that it has closed its second venture capital (VC) fund…
M&G gets a stake in Moneyfarm to boost UK digital offer
British money manager M&G said on Wednesday it has taken a minority stake in digital wealth manager Moneyfarm as part…
Panasonic to invest $700 million in the production of Tesla electric vehicle batteries
Panasonic will begin producing its new lithium-ion battery for Tesla as early as 2023, according to the Nikkei, with plans…
Vedanta to establish $10 billion fund to bid for BPCL stake
Vedanta Resources Ltd, a mining company, aims to establish up a $10 billion fund to bid for assets,including the Indian…
Bond yields goes down as Netflix fuels stock market sell-off
On Friday, risk aversion dominated markets as stocks sank on Wall Street and in Europe, oil prices fellfrom seven-year highs…
Intel intends to build a $20 billion semiconductor manufacturing facility in Ohio
Intel Corp announced on Friday that it will invest $20 billion in two new advanced chip units in Ohio,the first…
Twitter lost an appeal in a French case involving online hate speech
The Paris appeals court ruled on Thursday that Twitter must divulge details about what it does to combat hate speech…
Activision’s troubled CEO to get a $390 million salary due to Microsoft pact
Bobby Kotick, CEO of Activision Blizzard Inc, has gone from defending his handling of sexualharassment and discrimination charges at the…
Darktrace shares soar as UK cyber group lifts 2022 outlook
Darktrace, based in the United Kingdom, raised its full-year revenue and profit projections on Tuesday after seeing a nearly 40%…
Online trading firm Plus500 eyes annual profit to top market view
Plus500 said on Monday that it expects its yearly profit to exceed market forecasts, despite the fact that the online…
EU considers law requiring tech firms to do more to combat child abuse
In a newspaper interview, a top official said the European Union aims to legislate in the coming months to oblige…
Japan’s JERA plans to develop ammonia-related tech with green fund backing
JERA, Japan’s largest power generator, said it would spend 69.2 billion yen ($597 million) onammonia-related technology research, with the government’s…
Twitter forms a team to prepare for anniversary of Capitol riots
Twitter Inc gathered a team ahead of the one-year anniversary of the storming of the US Capitol to prepare the…
Tencent raises $3 billion by selling a stake in Shopee’s parent company, Sea
According to a term sheet, Chinese gaming and social media company Tencent Holdings Ltd generated $3 billion by selling 14.5…
