With Alibaba stake cut, SoftBank’s Son cools toward China tech

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS / Kim Kyung-Hoon / File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp’s (9984.T) decision to … Read more

You’ll Almost Have to Buy an Electric Vehicle if Climate Bill Passes

The attractions of electric vehicles have been magnetic in 2022. Soaring gas prices, inflation not seen in four decades and a push for cleaner, environmentally friendly technology have all combined to make EVs more appealing than ever to consumers. Now, there is legislation headed toward the home stretch that will give EVs not only new … Read more

Five Chinese state-owned companies to delist from NYSE

SHANGHAI / HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned firms including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would delist from the New York Stock Exchange, amid heightened diplomatic and economic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina … Read more

S.Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in jail for bribery Businessmen were convicted in scandal that felled a president S.Korea says leaders needed to help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee … Read more

Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation … Read more

FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data

On Thursday, the FTC announced it is accepting public input on whether to draft new data privacy rules, a prelude to a possible rulemaking action. The decision to solicit feedback, approved in a 3-2 vote by the agency’s commissioners, reflects FTC Chair Lina Khan’s aggressive push to curb what she has described as a “commercial … Read more

SoftBank’s Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS / Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $ 63 billion technology and telecom empire … Read more

SpaceX denied nearly $ 900 million in broadband subsidies

The Federal Communications Commission had earmarked the funds for SpaceX’s Starlink internet service as part of the agency’s largest-ever subsidy program designed to quickly get internet access to people across rural America, where three out of five people say access to high-speed internet is still a pressing issue. SpaceX was slated to receive a total … Read more

Disney tops Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney + or Hulu without commercials. The media giant will raise the monthly cost of Disney + without advertising by … Read more

Elon Musk posts cryptic ‘X.com’ tweet, hinting at social media plans

Billionaire Elon Musk made a cryptic reference to his potential plans to launch his own social media platform on Tuesday night, depending on the outcome of his $ 44 billion legal battle with Twitter. Musk, who is attempting to back out of his agreement to buy Twitter due to concerns about spam bots, addressed the … Read more