(Reuters) -The U.S. Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt U.S. sanctions and move money through the cryptocurrency exchange, Bloomberg News reported on Friday, citing people familiar with the matter. Regulators globally have long called for tighter controls on crypto exchanges including Binance, the world’s largest, to prevent…
By Noel Randewich (Reuters) – Apple’s stock surged nearly almost 5% on Friday, hitting a nine-month high and on track for its biggest one-day gain since November after the iPhone maker’s quarterly results cheered investors worried about a potential recession. (Graphic: Apple surges as Tim Cook keeps steady hand on helm – https://fingfx.thomsonreuters.com/gfx/mkt/zdvxdgxddvx/Pasted%20image%201683306123687.png) The rally…
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom’s Chief Executive Hock Tan on Friday will try to convince EU antitrust enforcers that his proposed $61 billion bid for cloud computing firm VMware, which has triggered scrutiny on both sides of the Atlantic, is pro-competitive. Tan, flanked by his executives and lawyers, arrived early…
By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX business for $50 million, raising additional funds to repay creditors. At a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge John Dorsey signed off on FTX’s sale of LedgerX, its non-bankrupt crypto derivatives trading platform, to…
By Blake Brittain (Reuters) – Sonos Inc and Alphabet’s Google LLC will face off in a San Francisco federal trial on Monday over claims that Google copied Sonos’ patented smart-speaker technology in wireless audio devices like Google Home and Chromecast Audio. The case is part of a sprawling intellectual property dispute between the former business…
By Tiyashi Datta (Reuters) -AMC Entertainment Holdings Inc on Friday provided an upbeat assessment of box office recovery this year, after beating quarterly revenue estimates as films including the latest installment of “Ant-Man” drew moviegoers to theaters. Movie theaters have started to see a revival in footfalls after an uneven recovery from pandemic lows, thanks…
By Stephen Nellis (Reuters) -When Apple Inc surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users. Cook is betting that those markets will provide more opportunities for growth,…
By Mike Stone WASHINGTON (Reuters) – The drones that crashed over the Kremlin earlier this week probably evaded an extensive number of defenses in and around Moscow, suggesting they might have been launched from inside Russia, U.S.-based drones experts said. Footage of the unmanned aircraft has sent governments and open source intelligence analysts on a…
By Greg Torode, Eduardo Baptista and Tim Kelly HONG KONG (Reuters) – When China sailed one of its two active aircraft carriers, the Shandong, east of Taiwan last month as part of military drills surrounding the island, it was showcasing a capability that it has yet to master and could take years to perfect. As…
By Tom Wilson and Angus Berwick LONDON (Reuters) – Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country’s counter-terror authorities…
