Watchdog proposes first set of global rules for crypto sector
By Huw Jones LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and…
Technology
Alibaba’s cloud unit to cut 7% of staff in overhaul – source
(Reuters) – Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the…
Citizens Bank to pay $9 million penalty over credit card practices -US regulator
By Jonathan Stempel (Reuters) -Citizens Bank, one of the largest U.S. regional banks, will pay a $9 million civil penalty…
China plans for ‘Jing-Jin-Ji’ world-class industrial cluster
BEIJING (Reuters) – China plans to build world-class advanced factory clusters in the Beijing-Tianjin-Hebei region focused on products such as…
Warner Bros Discovery relaunches HBO Max streamer as ‘Max’ in bid for broader audience
By Helen Coster and Dawn Chmielewski NEW YORK (Reuters) – When the HBO Max streaming service relaunches on Tuesday as…
TikTok sues Montana after state bans app
By David Shepardson WASHINGTON (Reuters) -TikTok Inc on Monday filed a lawsuit challenging the state of Montana’s new ban on…
Tesla offers China-made electric vehicles for sale in Canada
(Reuters) – Tesla is listing China-made Model 3 and Model Y models for sale in Canada, the company’s website showed…
SoftBank exploring offering credit funds to tech startups- sources
By Krystal Hu and Manya Saini (Reuters) -SoftBank Investment Advisers, which manages two Vision Funds, is exploring launching a private…
US pulls $200 million grant for Microvast battery company -source
By Timothy Gardner WASHINGTON (Reuters) -The U.S. Energy Department on Monday canceled a $200 million grant for lithium battery company…
Zoom lifts annual forecasts even as growth slows from pandemic peaks
By Tiyashi Datta (Reuters) -Zoom Video Communications Inc on Monday raised its full-year forecasts for revenue and profit even as…