By Hannah Lang (Reuters) – Time is running out for Digital Currency Group to agree on a deal to restructure its bankrupt crypto lending unit Genesis after its largest creditor Gemini – the crypto company founded by the Winklevoss twins – set Thursday afternoon as the final deadline before the company pursues litigation. The lending…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent Tesla a letter on July 3 seeking updates to questions it…
(Reuters) – Electric-truck maker Nikola on Thursday adjourned its annual shareholder meeting for the second time this year, as it could not muster sufficient votes for a proposal to increase the number of outstanding shares. The Arizona-based company pushed its shareholder meeting thrice last year as it struggled to garner investor approval for a similar…
By Foo Yun Chee BRUSSELS (Reuters) – Online travel agency Booking Holdings will on Friday try to convince European Union antitrust regulators to allow its 1.63 billion euro ($1.8 billion) acquisition of Sweden’s Etraveli Group, despite concerns it could hurt competition. Booking announced its bid for peer Etraveli, owner of the brands Gotogate and Mytrip…
By Aditya Soni (Reuters) -Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, as it took advantage of its access to billions of Instagram users and a similar look to that of its rival. Dubbed as the “Twitter-Killer”,…
SAO PAULO (Reuters) – Chinese company ByteDance, which owns short-video company TikTok, on Thursday said it will launch a new music streaming service in Brazil and Indonesia, as it tries to become a player in that market. The initiative is a new attempt by ByteDance, as the company in a statement said it will stop…
(Reuters) – Comcast’s Mike Cavanagh named Universal’s film chief Donna Langley to an expanded role as chairman of NBCUniversal Studio Group and chief content officer with oversight of film and television content, according to a memo reviewed by Reuters on Thursday, in an overhaul of the media arm’s leadership ranks. Cavanagh, who has been running…
By Foo Yun Chee BRUSSELS (Reuters) -Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot may reduce competition and strengthen Amazon’s position as online marketplace provider, EU antitrust regulators warned on Thursday. The European Commission opened a full-scale investigation and will decide by November 15 whether to clear or block the deal. “We continue…
OTTAWA (Reuters) – U.S. and Canadian authorities issued a joint advisory on Thursday warning about a widespread increase in the use of a type of malware called Truebot to target organizations in the two countries. “Cyber threat actors are using new variants of Truebot malware to exfiltrate large amounts of sensitive information for financial gain,”…
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025. “Due to copper’s highly conductive and ductile nature, it is an ideal candidate for transformation…
