The Malaysian Pulse
Beat of the Nation
Thu, 21 Oct 2021, 10:04 PM

The Malaysian Pulse will be shutting down on 31 Oct 2021. Thank you for your support. God bless Malaysia.

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Jonathan Lin

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ASX-Listed Payments Firm Novatti Acquires Malaysian Fintech ATX for US$7.1 Million
Novatti, an Australian Securities Exchange-listed payments firm, announced that it has acquired Malaysian fintech ATX for AUD 9.5 million (US$7.1 million) according to MarketScreener. ATX’s manageme...
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ByteDance founder now richest in China’s internet sector
Zhang Yiming, the founder of ByteDance, has been ranked by Forbes as China’s richest person in the internet sector.
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India Roundup: Google-backed delivery firm to raise up to $250m, and more
Google-backed delivery firm to raise up to US$250 million Dunzo is reportedly looking to raise up to US$250 million in a new funding round, which may also see participation from telecom giant Relian...
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Gorilla Mobile offers Shopee, Grab vouchers for unused data
Gorilla Mobile, a Singapore-based telecom startup, has partnered with Shopee, Grab, Shell, Cold Storage, and Esso to help users convert unused mobile data into e-vouchers.
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Israeli HR platform bags $5m in Vertex Ventures-led seed round
Bites, an Israel-based human resources platform, has raised US$5 million in a seed funding round led by Vertex Ventures Israel.
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Examining Grab’s top leadership
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Foodpanda, Rebel Foods team up to launch virtual food brands
Foodpanda, a global food and grocery delivery platform, is teaming up with Indian cloud kitchen unicorn Rebel Foods for a long-term partnership targeting restaurant partners and cloud kitchen operator...
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Velodyne Lidar founder plans to nominate directors next year -letter
(Reuters) - Velodyne Lidar's founder and biggest shareholder on Thursday warned that he plans to nominate two directors to the board next year amid frustration with the sensor supplier's falling stock price, high executive pay, and the board's failure to focus more on new research.
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Meta4 launches NFT fund with Andreessen Horowitz backing
OAKLAND, Calif. (Reuters) - Meta4 Fund Management, a Miami-based crypto-currency investment management firm, said on Thursday it launched a new fund to invest in so-called non-fungible tokens (NFT) and aims to raise $100 million with one of Silicon Valley's top venture capital firms Andreessen Horowitz as its lead investor.
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Facebook signs copyright agreement with some French publishers
PARIS (Reuters) - Facebook said on Thursday it had signed an agreement with a French news publishers' lobby group regarding copyrights, after months of talks.
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UK should legislate to prevent scam ads online - FCA, lawmakers
LONDON (Reuters) -Britain should legislate to stop scam adverts online, to help combat a surge in fraud attacks on consumers, regulators and lawmakers said on Thursday.
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AT&T adds wireless subscribers in 5G push, new movies boost HBO Max
(Reuters) -AT&T Inc's quarterly revenue and phone subscriber additions beat market expectations on Thursday, on increased demand for its phone and internet service and steady growth for its streaming platform HBO Max.
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Tech stampede as investors hunt Latin American unicorns
(Reuters) - When Sebastian Kanovich co-founded Latin American digital payments startup dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.
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Rogers third-quarter results might be eclipsed by boardroom spat
(Reuters) - Rogers Communications Inc's third-quarter earnings report on Thursday is set to be overshadowed by a boardroom tussle between the members of the founding family over the leadership of the Canadian telecoms company.
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Tesla's German plant hits snag as public consultation repeated
BERLIN (Reuters) -An online consultation for local citizens to express objections to Tesla's huge factory near Berlin will be repeated, the regional environmental ministry said on Thursday, over concerns the process did not comply with regulations.
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Tesla shifting to cheaper battery chemistry tried in China
Tesla is looking to adopt a different, more affordable battery technology as supplies of raw materials currently used – nickel and cobalt – faced supply and safety issues.
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Vodafone adds 7,000 software engineers to target digital services
LONDON (Reuters) - Vodafone said it would add nearly 7,000 software engineers to its workforce by 2025 to develop more of its own digital services across Europe and Africa.
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Russian court bars sale of Samsung phones over patent lawsuit -report
MOSCOW (Reuters) -A Russian court has barred Samsung Electronics from importing and selling 61 models of smartphones in Russia over an intellectual property lawsuit pertaining to its Samsung Pay system, the RIA news agency reported on Thursday.
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China Roundup: China expels Caixin from official news outlets list, and more
China expels Caixin from official list of news outlets Caixin can no longer have its stories appear on online platforms like Sina.com, where citizens usually get their news fix from.
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Amazon-backed Good Glamm Group buys Indian content firm
Good Glamm Group, a content-to-commerce company, has acquired India-based content platform ScoopWhoop for an undisclosed sum.
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How underdog Blibli took on the top dogs of Indonesian ecommerce
Welcome to The Checkout! Delivered every Thursday via email and through the Tech in Asia website, this free newsletter breaks down the biggest stories and trends in ecommerce.
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Grab Financial expands offerings to SMBs in ecommerce push
Grab Financial Group (GFG), the fintech arm of Singapore-based unicorn Grab, is expanding its suite of products to empower small and medium-sized businesses (SMBs) across Southeast Asia.
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Indonesian farming lender bags $9m in Monk’s Hill-led round
Crowde, an Indonesia-based fintech firm that focuses on agriculture sector, raised almost US$9 million in its latest round, according to data from VentureCap Insights.
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Ryde wins full ride-hailing license from LTA in Singapore
The Land Transport Authority (LTA) of Singapore has converted Ryde Technologies‘ provisional licenses for ride-hailing and carpool services into full licenses that are valid for three years.
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Stripe to acquire Indian finance platform
Stripe, the most valuable private company in the US, is set to acquire India-based fintech firm Recko for an undisclosed amount.
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Celcom collaborates with LG Plus, Media Prima to deliver 5G content, services
Celcom Axiata Berhad (Celcom) announced that it has collaborated  with LG Uplus Corp, a South Korean cellular carrier under LG Corporation, and Malaysia’s Media Prima Berhad to explore potential 5G...
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Samsung will let you design your own Galaxy Z Flip 3 Bespoke Edition, for a price (VIDEO)
KUALA LUMPUR, Oct 21 ― Following Apple and Google’s own events, Samsung surprised everyone by having a part two of their Galaxy Unpacked event.
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Tesla fans, Musk lash out at NHTSA safety advisor as biased
Their target is Mary "Missy” Cummings, a Duke University professor critical of Tesla’s Autopilot software who was chosen this week for the National Highway Traffic Safety Administration role.
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Facebook spent US$5.1mil lobbying as whistleblower leaks spark scrutiny
Facebook has ramped up its lobbying spending, as it faces down fresh scrutiny from US lawmakers, following damaging revelations by its whistle-blower.
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New name for Facebook? Critics cry smoke and mirrors
The announcement comes as Facebook grapples with the fallout of a damaging scandal, major outages of its services, and rising calls for regulation to curb its vast influence.
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SAP's cloud business drives quarterly results, raised outlook
BERLIN (Reuters) -SAP said on Thursday that demand for its cloud business database was growing as the German business software group confirmed its preliminary third-quarter results and full year guidance which it raised last week.
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Small enterprises share their digital marketing success stories
Digital marketing is helping SMEs bounce back from the pandemic's impact, with KKMM training centres equipping entrepreneurs with this necessary, modern skillset.
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How Indonesia’s Blibli stood up to giants via a niche strategy
Blibli, the Indonesia-based ecommerce marketplace, has been around for some time.
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Ninja Van board member nets $2.8m for his firm in Monk’s Hill-led round
Doyobi, a Singapore-based edtech platform for teachers, has raised US$2.8 million in a Monk’s Hill Ventures-led pre-series A round.
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MDEC announces AI and Data Week 2021
The Malaysia Digital Economy Corporation (MDEC) has announced the coming of the AI and Data Week 2021 (AIDW 2021), a week-long curation of virtual events focusing on the Internet of Things (IoT), data...
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DHL Express, Pen Aviation work on drone-based cargo delivery
DHL Express and Pen Aviation, a provider for unmanned automated solutions (UAS), have signed a memorandum of understanding MoU) to commercialise time-critical goods deliveries with unmanned aerial veh...
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Drug cartels are enlisting kids through video games, Mexico says
A recruiter offered one of the kids 8,000 pesos (US$396/RM1,645) for every half-month of work through a popular mobile battle royale game.
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South Korea seeks space race entry with first homegrown rocket
South Korea is racing to join the other nations which have forged on into space, with the launch of a 1.5-tonne rocket, named Nuri.
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Australia should change laws to accommodate crypto, Senate report says
SYDNEY (Reuters) - Australia needs to introduce new regulations for digital asset miners, such as tax discounts and a licensing regime for crypto exchanges, to be "competitive with Singapore, the UK and the U.S.", a Senate report said.
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Trump announces plans to launch new social network 'TRUTH Social'
Former US president Donald Trump, who is banned from Twitter and Facebook, launches his own social networking platform "TRUTH Social".
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U.S. consumer watchdog to query tech giants over financial data -sources
WASHINGTON (Reuters) - The U.S. consumer watchdog is expected this week to query tech giants including Facebook, Amazon and Google on how they handle consumer financial data as part of a broader effort to boost consumer protections and financial sector competition, according to two people briefed on the matter.
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No Elon Musk Show during this Tesla quarterly call
SAN FRANCISCO (Reuters) - Tesla Inc CEO Elon Musk did not participate in the company's earnings conference call for the first time on Wednesday, making him one of the rare top executives in the United States to miss the quarterly ritual of talking to Wall Street.
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Cult game creator builds US$1.7bil stake after 620% rally
Based on blockchain technology, Mir4 allows online players to convert in-game assets into tradable crypto coins, while their avatars hunt and battle in the virtual world.
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Changing Facebook's name will not deter lawmaker or regulatory scrutiny, experts say
(Reuters) - Renaming Facebook Inc is unlikely to enable the tech giant to distance itself from regulatory and public scrutiny around the potential harms caused by its social media apps, marketing and branding experts told Reuters.
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IBM revenue misses on weakness in legacy infrastructure unit
(Reuters) - IBM on Wednesday missed market estimates for third-quarter revenue as its managed infrastructure business suffered from a decline in orders ahead of a spinoff next month.
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Biden administration seeks corporate America's help tracking cyber criminals
WASHINGTON (Reuters) - U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals.
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This new connected reading aid lamp is designed for dyslexic people
It uses a technology that combines both pulsed and modulated light, which has the advantage of eliminating the mirror effect that dyslexic people can see.
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U.S. Senator Blumenthal calls on Facebook's Zuckerberg to testify
WASHINGTON (Reuters) - U.S. Senator Richard Blumenthal, a Democrat, called on Wednesday for Facebook Chief Executive Officer Mark Zuckerberg to testify at a hearing about how its subsidiary Instagram affected children.
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Enter the Zuckerverse? Social media churns with new names for Facebook
(Reuters) - Zuckerverse. Timesuck. Faceplant.
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Fund advisor presses EV startup Rivian on environment, human rights ahead of IPO
DETROIT (Reuters) -A union-affiliated pension fund advisor said it is pressing Rivian on human rights and environment concerns in the electric vehicle startup's battery supply chain ahead of its expected blockbuster initial public offering.
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Animoca pockets $65m in funding from Ubisoft, Sequoia, others
Animoca Brands, a Hong Kong blockchain-based gaming firm, has raised US$65 million in its latest funding round at a pre-money valuation of US$2.2 billion.
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PayPal in talks to buy Pinterest - source
(Reuters) -Payments giant PayPal Holdings Inc is in talks to buy digital pinboard site Pinterest Inc, according to a person directly familiar with the matter.
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America Movil says ready to launch 5G in Mexico; plans to sell Tracfone this year
MEXICO CITY (Reuters) - Mexican telecommunications company America Movil said on Wednesday it was "ready" to launch a 5G market in Mexico and it expects to close a deal to sell its TracFone unit by year-end.
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Logistics tech firm Flock Freight turns unicorn after SoftBank-led funding
(Reuters) - U.S. logistics technology firm Flock Freight said on Wednesday it had reached a valuation of more than $1 billion, after raising $215 million in a funding round led by SoftBank Vision Fund 2.
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Alphabet's Wing project will unveil new drone delivery model in Texas
WASHINGTON (Reuters) - Alphabet Inc's Wing drone project said Wednesday that Walgreens will use its new platform to fulfill deliveries at a store in Texas.
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Analysis-Eat or be eaten? Food delivery apps have knives out as pandemic boom fades
AMSTERDAM (Reuters) - The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic.
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India's Future Retail must take part in Amazon dispute arbitration, Singapore panel says
NEW DELHI (Reuters) -Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, rejecting the Indian retailer's bid to avoid the process.
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Amazon and others commit to using zero-carbon shipping fuels by 2040
LONDON (Reuters) -Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector, executives said on Tuesday.
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China Roundup: Ant Group may not launch IPO before 2023, and other news
Ant Group may not launch an IPO before 2023 The registration for Ant Group’s record US$35 billion initial public offering lapsed on Wednesday, and bankers are supposedly skeptical that the fintech ...
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Singapore blockchain firm names ex-Brave Browser exec as CEO
Singapore-based Zilliqa, a startup that provides blockchain solutions for enterprises and decentralized applications, said it has appointed ex-Brave executive Ben Livshits to serve as its CEO.
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India Roundup: Top Ola execs quit ahead of IPO, and other news
Top Ola execs quit ahead of IPO  Ola’s chief operating officer Gaurav Porwal and chief financial officer Swayam Saurabh have reportedly left the company within the last week.
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Indonesia’s top edtech players aren’t your popular bets
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Bourse operator Cboe to buy digital asset exchange ErisX
NEW YORK (Reuters) - Cboe Global Markets said on Wednesday it was buying Eris Digital Holdings (ErisX), a spot and derivatives exchange for digital assets, as the exchange operator seeks to become a major player in the cryptocurrency industry.
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Exclusive-Renault sees bigger production hit from chip shortage - sources
PARIS (Reuters) -French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage in semiconductor chips, three sources close to firm told Reuters on Wednesday, a much bigger hit than previously estimated.
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Verizon beats expectations for postpaid phone subscriber additions
(Reuters) - Verizon Communications Inc said on Wednesday it added more postpaid phone subscribers than expected in the third quarter, supported by a steady demand for 5G services.
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Netflix workers stage walk-out over Chappelle transgender comments
(Reuters) - Netflix Inc employees are staging a walk-out on Wednesday in an unprecedented show of defiance to protest the streaming giant’s decision to release comedian Dave Chappelle’s controversial new comedy special, which they say ridicules trans people.
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Carbon footprint tracker CoGo seeks $20 million to fund expansion
SYDNEY (Reuters) - New Zealand-based carbon footprint tracking fintech CoGo Ltd will begin raising $20 million in capital to fund growth in the United States, Europe and Asia, Chief Executive Ben Gleisner said on Wednesday.
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Micron considering new U.S. memory chip factory as it gears up spending
(Reuters) - Micron Technology Inc said on Wednesday it is considering building a new memory factory in the United States but that state and federal subsidies will be needed to offset costs that are higher than its factories in Asia.
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Swiss court rejects Google appeal over cloud contract
ZURICH (Reuters) - A Swiss court has dismissed Google's bid to block the award of a government cloud computing contract worth up to 110 million Swiss francs ($119 million) to rival bidders.
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Britain fines Facebook $70 million for breaching order in Giphy deal
LONDON (Reuters) -Britain's competition regulator has fined Facebook 50.5 million pounds ($69.6 million) for breaching an order imposed during its investigation into the U.S. social media giant's purchase of GIF platform Giphy, the agency said on Wednesday.
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New-energy cars to come under tougher safety scrutiny in China
China is increasing safety standards required for new-energy vehicles like electric cars, amid growing backlash against manufacturers about issues like brake failures and battery fires.
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GoTo banks $400m in pre-IPO money from Abu Dhabi fund
GoTo Group, the merged entity of Gojek and Tokopedia, has announced that the Abu Dhabi Investment Authority (ADIA) will lead the Indonesian tech major’s pre-IPO funding round with a US$400 million i...
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Pine Labs hires former Flipkart, PayPal exec as CTO
Pine Labs, an India-based merchant commerce platform, has appointed Phanimohan Kalagara as its new chief technology officer.
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Fundraising is time and resource-intensive. This company wants to lighten the load
The term “bootstrapping” has come to mean building a business from scratch with little to no outside help or funding.
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The era of pure BNPL firms is ending
Welcome to The Top Up! Delivered every Wednesday via email and through the Tech in Asia website, this free newsletter breaks down the biggest stories and trends in fintech.
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Pakistani last-mile delivery firm scores $2.3m in seed money
Rider, a Pakistan-based logistics startup, has secured US$2.3 million in a seed round led by Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank’s venture arm ADB Ventures.
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Facebook to create Alphabet-like parent firm
Details: Facebook’s name change, which could be unveiled at its annual Connect conference on October 28 (though it could be revealed sooner), attempts to underscore the firm’s goal to be known fo...
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SG drone startup swoops up $26m in series B money
Singapore-based H3 Dynamics, which offers commercial drone services that use automation and machine learning, said it secured US$26 million in its series B round.
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ASX listed Novatti to acquire Malaysian fintech, ATX for up to A$9.9mil
Novatti Group Limited, a leading fintech that enables businesses to pay and be paid, is pleased to announce that it will acquire ATX Fintech Holding Sdn Bhd, a Southeast Asian fintech specialising in ...
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Pure Storage appoints new engineering head in APJ
Pure Storage has appointed Pratyush Khare as vice president of systems engineering for Asia-Pacific and Japan (APJ). Based in Singapore, Pratyush is responsible for leading Pure Storage’s team of sy...
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Apple’s RM99 screen-cleaning cloth sets high bar for brand extras
Would you pay RM99 for a white cloth with the Apple logo?
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'Unintentional gift': US steps into China's bitcoin breach
Many crypto miners have moved out of China to the US, following crackdowns and increased regulation against the industry in China.
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Explainer: What is the "metaverse"?
LONDON (Reuters) - Facebook Inc, under fire from regulators and lawmakers over its business practices, is planning to rebrand itself https://www.reuters.com/technology/facebook-plans-change-its-name-verge-2021-10-20 with a new name that focuses on the metaverse, the Verge reported on Tuesday.
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US hacker stole cryptocurrency, scammed influencers and avoided the feds — until he crossed his partners
The 22-year-old hacker pleaded guilty to federal identity theft charges in May and was sentenced to two years in prison
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ASML edges past analyst estimate for Q3 profit amid chip shortage
AMSTERDAM (Reuters) -ASML Holding NV, a key supplier to computer chip makers, posted slightly better-than-expected quarterly net income of 1.74 billion euros ($2 billion) on Wednesday, amid strong demand for its products and a global semiconductor shortage.
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AI can see through you: CEOs' language under machine microscope
LONDON (Reuters) - Executives, beware! You could become your own worst enemy.
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Westpac to launch zero-interest digital card with young consumers in focus
(Reuters) - Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the convenience of fast and efficient payment services.
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AutoStore, Norway's biggest IPO in two decades, valued at $12.4 billion
OSLO (Reuters) -Norwegian robotics firm AutoStore said on Wednesday it had priced its initial public offering (IPO) at 31 Norwegian crowns per share, the top of its target range, valuing the company at 103.5 billion crowns ($12.4 billion).
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Log-in to God: Vatican relaunches 'Click to Pray' app
The Vatican has relaunched its Click to Pray app, which encourages users to send prayers to each other via social media.
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Foxconn sets sights on making EVs in Europe, India, Latin America
TAIPEI (Reuters) -Taiwan tech giant Foxconn is looking at making electric vehicles (EVs) in Europe, India and Latin America, including "indirectly" cooperating with German automakers, Chairman Liu Young-way said on Wednesday.
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The enigmatic unicorn behind BNPL firm Atome
Within just two years of its launch, Singa​​pore-based Atome, a buy now, pay later (BNPL) provider, catapulted from relative obscurity to become a common sight at physical and digital checkout cou...
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Allianz Business Shield extend coverage for SMEs
Small and medium-sized enterprises (SMEs) that purchase Allianz Business Shield between Oct 1 and Dec 31 2021 can enjoy extra protection at no additional cost.
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Facebook plans to change its name, reports The Verge
SAN FRANCISCO, Oct 20 — Social media giant Facebook Inc is planning to rebrand itself with a new name next week, The Verge reported yesterday, citing a source with direct knowledge of the matter.
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Chinese users have mixed feelings about LinkedIn departure
LinkedIn will be replaced in China by a jobs posting site called InJobs, without a social media feed and capability for sharing content, Microsoft said.
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Honor’s best vlogging smartphone
KUALA LUMPUR: Malaysia takes the grand honor as the first country to bring in the highly acclaimed Honor 50, after its launch in China earlier this year.
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Micron to build $7 billion plant in Japan's Hiroshima - report
TOKYO (Reuters) - U.S. chip supplier Micron Technology Inc is set to invest 800 billion yen ($6.99 billion) in building a new factory in Hiroshima, western Japan, the Nikkan Kogyo newspaper reported on Wednesday.
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Russian film crew says shooting in space a 'huge challenge'
Russia's first film crew in space faced unique challenges in zero gravity, as they filmed for 12 days in the ISS, with the help of the Russian cosmonauts stationed there.
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Facebook to pay US$14mil in US worker discrimination suit
Facebook agreed to pay RM58.13mil to settle a lawsuit by the US government, where it was accused of discriminating against Americans in favour of hiring immigrant applicants.
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This 3D-printed rocket is heading into space in 2022
A startup is betting on a radically simplified production chain, capable of building a rocket with 100 times fewer parts than the competition, and in just 60 days.
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Telegram reaches a billion Android downloads thanks to Facebook’s outage
SAN FRANCISCO, Oct 20 — Telegram has hit the jackpot!
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Apple releases a RM99 Polishing Cloth that cleans any Apple display
KUALA LUMPUR, Oct 20 — Besides introducing the AirPods 3 and the new MacBook Pro 14 and 16, Apple has quietly introduced a polishing cloth that is designed to clean any Apple display which incl...
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Google debuts new Pixel, latest try in smartphone fight
SAN FRANCISCO, Oct 20 — Google launched new Pixel 6 smartphones yesterday, its latest attempt to field a champion in a sector the tech giant has dismally failed thus far to conquer.
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U.S. Senate panel to hold new hearing on social media impact on young users
WASHINGTON (Reuters) -The U.S. Senate will hold an Oct. 26 hearing with tech firms Snap's Snapchat, TikTok, and Alphabet's YouTube about their platforms' impact on young users, a panel said on Tuesday.
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U.S. lawmakers say Facebook cannot be trusted to manage cryptocurrency
(Reuters) - A group of U.S. lawmakers said Facebook Inc cannot be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurrency wallet named Novi, which was launched on Tuesday.
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Could high-speed e-bikes one day replace cars in city centres?
The VanMoof V will also be equipped with technologies such as automatic gear shifting, keyless locking and an anti-theft system.
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Volaris in El Salvador set to accept bitcoin
SAN SALVADOR (Reuters) - Low-cost airline Volaris will accept bitcoin in El Salvador, Salvadoran President Nayib Bukele said Tuesday.
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'Squid Game' frenzy helps Netflix top subscriber targets
(Reuters) -Global interest in Netflix Inc's Korean thriller "Squid Game" helped lure more new customers than expected, the world's largest streaming service said on Tuesday, adding that a heavy programming lineup should help boost signups through the end of the year.
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Google announces Pixel 6 phone with new chip, subscription service
(Reuters) -Alphabet Inc's Google on Tuesday announced the newest iteration of its smartphone - Pixel 6 and Pixel 6 Pro - which will be powered by the company's first chip called Tensor.
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Facebook to pay up to $14.25 million to settle U.S. employment discrimination claims
WASHINGTON (Reuters) - Facebook Inc has agreed to pay up to $14.25 million to settle civil claims by the U.S. government that the social media company discriminated against American workers and violated federal recruitment rules, U.S. officials said on Tuesday.
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At least 50% of Aston Martin car sales should be electric by 2030, says CEO
LONDON (Reuters) - At least 50% of British luxury carmaker Aston Martin's sales should be electric models by 2030, the company's top executive said on Tuesday.
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Volkswagen executive sees global chip shortage running well in 2022
DETROIT (Reuters) - Volkswagen AG's top Americas executive said on Tuesday the global chip shortage will run well into next year.
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U.S. FCC commissioner wants new restrictions review for Chinese dronemaker DJI
WASHINGTON (Reuters) - A Republican member of the Federal Communications Commission (FCC) on Tuesday said he wants the U.S. telecommunications regulator to begin the process of imposing new restrictions on Chinese drone maker SZ DJI Technology Co.
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Germany's RWE expects to spend $21 billion in Britain by 2030
FRANKFURT (Reuters) - RWE, Germany's largest power producer, said on Tuesday total investment into green technologies and infrastructure in Britain are expected to amount to 15 billion pounds ($21 billion) by 2030.
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Oracle's NetSuite adds banking features to its software; HSBC is first partner
(Reuters) - Oracle Corp's NetSuite on Tuesday said it will put automated banking features into its accounting software for businesses, with HSBC Holdings Plc as its first partner to automatically send and receive money and reconcile accounts.
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Abu Dhabi's tech hub sees surge of interest from start-ups
DUBAI (Reuters) - Abu Dhabi’s new technology hub says it has seen a surge in interest from start-up firms in the United Arab Emirates and abroad despite the economic impact of the coronavirus pandemic last year, amid increased optimism from the sector.
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Snap launches studio to create augmented reality ads
(Reuters) -Snap Inc said on Tuesday it is launching a studio to help brands create augmented reality advertising and experiences, part of a move to popularize the use of technology that can overlay computer-generated images onto a person's view of the real world.
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US telecom firm acquires SG-based engagement startup Jumper.ai
Cloud communications firm Vonage has acquired Singapore-based shopper engagement platform Jumper.ai to boost its own conversational commerce capabilities.
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China Roundup: Alibaba builds own server chips, and more
Alibaba Cloud reveals server chip design Named Yitian 710, the tech was developed by Alibaba Group’s chip development unit, T-Head, for the data centers of the group’s cloud business.
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India Roundup: Fintech unicorn Cred bags $251m, and other news
Credit card payment app Cred bags $251m The new funding puts the startup’s valuation at US$4 billion, almost doubling from the figure in April when Cred closed its US$215 million series D round...
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Shopee gearing up for France entry, report says
Details: A website for Shopee’s localized platform in France went live today.
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500 Startups-backed donation platform set to reenter insurance business
Details: Vikra Ijas, Kitabisa’s chief product officer, said that the service currently isn’t live, and users that want to try it out will be put on a waiting list.
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Mastercard, Arus Academy partner with MOE to inspire girls to pursue STEM careers in Malaysia
Across the globe, the gender gap in the STEM field persists with higher representation of men compared to women.
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Chipmaker GlobalFoundries targets valuation of about $25 billion in U.S. IPO
(Reuters) -Chipmaker GlobalFoundries, owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, is aiming for a valuation of about $25 billion in its initial public offering in the United States.
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Facebook shuts fake accounts in Sudan, as fight for public opinion rages online
CAIRO/KHARTOUM (Reuters) - Facebook says it has shut down two large networks targeting users in Sudan in recent months, as civilian and military leaders spar with one another over the future of an interim power-sharing arrangement.
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Apple to sell fewer iPhones as chip crisis bites, J.P.Morgan says
(Reuters) - J.P.Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple Inc's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.
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Analysis-Bitcoin futures highlight some pitfalls for new ETFs
NEW YORK (Reuters) - The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.
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Top executives of SoftBank-backed Ola to exit ahead of potential IPO
BENGALURU (Reuters) -SoftBank Group-backed Indian ride-hailing firm Ola is set to lose two top executives, according to an internal memo seen by Reuters, ahead of a potential $1 billion initial public offering.
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Russia to go after Google this month with fine of up to 20% of annual turnover
MOSCOW (Reuters) - Russia said on Tuesday it would this month seek to fine U.S. tech giant Google a percentage of its annual Russian turnover for repeatedly failing to delete content deemed illegal, Moscow's strongest effort yet to rein in foreign tech firms.
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Stellantis, TheF Charging team up for EV charging network in Europe
(Reuters) - Global automaker Stellantis NV has agreed a partnership with Italian e-mobility startup TheF Charging to create a European public charging network accessible to all electric vehicles, the two companies said on Tuesday.
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Robo-Advisor MYTHEO Introduces New AI-Based ESG Portfolio
MYTHEO, a robo-advisor regulated by the Securities Commission Malaysia, has launched a fully AI-based Environmental, Social and Governance (ESG) themed portfolio known as the MYTHEO Global ESG.
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Indonesia’s top edtech apps aren’t the usual suspects
In Indonesia, edtech apps have thrived as students continue learning from home amid the pandemic.
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East Ventures, Lightspeed co-lead edtech firm’s $16.6m raise
Singapore-based edtech startup Geniebook has raised US$$16.6 million in a series A round co-led by East Ventures and Lightspeed Venture Partners.
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Vietnam’s Tiki nears unicorn status after $240m raise
Vietnam-based ecommerce major Tiki has secured US$240 million in series E funding, according to data from VentureCap Insights.
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Trading app MarketWolf raises $5.5m in seed funding
Singapore-headquartered trading app MarketWolf has raised US$5.5 million in a seed funding round joined by individual investors.
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UK competition watchdog puts music streaming in its sights
LONDON (Reuters) - Britain's competition regulator said on Tuesday it planned to launch an investigation into music streaming to see whether the role played by platforms such as Spotify created a fair deal for consumers.
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Bitcoin nears record high ahead of futures ETF listing
SINGAPORE (Reuters) - Bitcoin hit a six-month high and was within striking distance of a record on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange traded fund could herald investment flows into bitcoin and cryptocurrency assets.
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Wise revenue gains 25% in Q2 as money transfer customers jump
LONDON (Reuters) -Money transfer company Wise Plc said on Tuesday that its revenue was 132.8 million pounds ($182.97 million) in the second quarter, a rise of 25% from the same period last year.
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Spotify to hire hundreds to drive ad sales in Europe, Australia, Canada
STOCKHOLM (Reuters) - Spotify is planning to hire hundreds of staff to boost its advertising sales in Europe and elsewhere, as the music streaming service looks to increase revenue from customers who don't pay a monthly fee but make up the bulk of its user base.
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Megahit "Squid Game" puts focus squarely on Netflix's overseas growth
(Reuters) - The success of the South Korean dystopian drama series "Squid Game" has led investors to bet on Netflix Inc's plans to explore more international content to boost slowing subscriber growth.
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QuickBytes: How Thailand’s National Innovation Agency is driving startup growth
A key element in cultivating a successful startup ecosystem is having government support.
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The AirPods 3 is a cheaper AirPods Pro but it lacks one important feature (VIDEO)
KUALA LUMPUR, Oct 19 — Apple has officially unveiled its 3rd generation AirPods that carry over almost everything from the AirPods Pro except for one most-wanted feature.
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Apple MacBook Pro 14 and 16 Malaysia pricing revealed, starts from RM8,799
KUALA LUMPUR, Oct 19 — Apple has officially unveiled its new MacBook Pro series which claims to be the world’s best pro notebook.
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MacBook Pro with M1 Pro and M1 Max: 10 things you need to know
KUALA LUMPUR, Oct 19 — Apple has officially introduced the MacBook Pro 14 and MacBook Pro 16 powered by its own developed pro chips — the M1 Pro and the M1 Max.
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Xiaomi to mass produce its own cars in H1 2024 -executive
SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp will mass produce its own cars in the first half of 2024, a senior company executive wrote on Tuesday on social media site Weibo.
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Samsung SDI, Stellantis to set up EV battery JV -Yonhap
SEOUL (Reuters) - Battery maker Samsung SDI Co Ltd and automaker Stellantis NV have signed a memorandum of understanding to establish an electric vehicle (EV) battery joint venture, South Korea's Yonhap news agency reported on Tuesday, citing industry sources.
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How close are flying cars?
Flying cars are right around the corner, though they're likely to look more like drones and be used as taxis, says industry pioneer Joby Aviation.
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Alibaba unveils custom ARM-based server chip for cloud computing division
SHANGHAI (Reuters) - Chinese tech giant Alibaba Group Holding Ltd on Tuesday unveiled an ARM-based processor developed by its T-Head semiconductor division, to be used in its cloud computing division.
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Cryptocurrencies can undermine effectiveness of US sanctions: Treasury
Cryptocurrencies' popularity could undermine effectiveness of US sanctions, reducing the countries' capacity to penalise its political foes.
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Inside Amazon's largest warehouse where you'll find 10 robots for every human
About 10,000 Amazon-built robots here far outnumber the 1,000 newly hired human workers who spend 10- to 12- hour shifts at the 3.7 million-square foot complex.
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Why Bukalapak’s share price isn’t taking off
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Apple launches faster chips, MacBook Pro laptops, Airpods at October event
CUPERTINO, Oct 19 — Apple Inc yesterday released two new chips built into more powerful MacBook Pro laptops and a third-generation AirPod wireless earbud that pair with a new cheaper monthly music s...
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Apple doubles down on chip strategy with new premium-priced MacBooks
CUPERTINO, Oct 19 — Apple Inc yesterday announced two new MacBook Pro models that run on more powerful in-house chips, furthering its break from previous supplier Intel Corp and showing its strategy...
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U.S. SEC praises equity market structure, absolves short sellers in GameStop report
WASHINGTON (Reuters) - The U.S. markets functioned well during January's GameStop volatility, while short selling was not the main cause of the unprecedented rise in the 'meme stock,' according to a long-awaited Securities and Exchange Commission (SEC) report.
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Opinion: WhatsApp is a lifeline for two billion users. Facebook isn’t doing enough to protect it
When a private telecommunications service provider performs what amounts to a critical public function, as is the case with WhatsApp, it should owe a duty of care to operate for the benefit of the public rather than purely for profit.
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Bank of Canada not planning to launch digital currency, at least for now
OTTAWA (Reuters) - The Bank of Canada on Monday reiterated it has no plans to introduce a digital currency for the time being, but said that might change if people began using physical cash less.
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Chip tech firm Arm plans to slash development time for connected devices
SAN FRANCISCO (Reuters) - Arm Ltd, the British chip technology firm in the midst of a $54 billion takeover by Nvidia Corp, on Monday announced tools aimed at cutting the development time of so-called "internet of things" connected devices by some 40%.
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TikTok, Tencent Video among top 10 apps in lifetime consumer spends
China’s TikTok, Tencent Video, and iQiyi are among the top 10 mobile apps in terms of lifetime consumer spending, according to the latest report from App Annie.
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German fintech N26 valued at more than $9 billion after fundraising
FRANKFURT (Reuters) - The German online bank N26 said on Monday that it had completed a $900 million fundraising round that valued the company at more than $9 billion.
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New York directs two cryptocurrency lending platforms to cease activity
(Reuters) - Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their business.
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Amazon to hire 150,000 U.S. workers for holiday shopping season
(Reuters) - Amazon.com Inc said on Monday it plans to hire 150,000 seasonal workers in the United States during the holiday period, as the e-commerce giant prepares for a shopping season expected to be characterized by high demand and supply headaches.
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S.Africa's MTN and Vodacom join Telkom in temporary spectrum lawsuit
JOHANNESBURG (Reuters) - South Africa's two biggest mobile operators, MTN and Vodacom, have joined number three Telkom in a lawsuit to stop the regulator withdrawing temporary frequency spectrum assigned at the start of the COVID-19 outbreak.
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MoneyMatch Completes RM 1 Million Shariah-Compliant Note on MicroLEAP
Malaysian fintech startup MoneyMatch announced today a strategic and multi-pronged partnership with microLEAP, a Shariah-compliant and Conventional P2P (Peer-to-Peer) Financing Platform, regulated by ...
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China Roundup: JD Logistics invests $155m to halve carbon emissions, and more
JD Logistics invests US$155 million to halve carbon emissions JD Logistics will invest nearly US$155 million into its green supply chain project in a bid to halve its carbon emissions by 2030.
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India Roundup: TikTok-like social media app enters crypto space, and more
TikTok-styled social media app Chingari launches NFT marketplace Short-video platform Chingari has launched cryptocurrency tokens called $GARI, which will help content creators set up ecommerce cha...
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U.S. TV station operator Sinclair hit by ransomware attack
(Reuters) - U.S. TV station operator Sinclair Broadcast Group said on Monday it had found some of its servers and workstations had been encrypted with ransomware, disrupting office networks.
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Maserati delays Grecale SUV launch due to chip shortage
MILAN (Reuters) -Maserati on Monday delayed the launch of its new Grecale SUV until the spring of 2022 from November this year due to a global chip shortage.
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Five U.S. lawmakers accuse Amazon of possibly lying to Congress following Reuters report
LONDON (Reuters) - Five members of the U.S. House Judiciary committee wrote to Amazon.com Inc's chief executive Sunday, and accused the company's top executives, including founder Jeff Bezos, of either misleading Congress or possibly lying to it about Amazon's business practices.
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Apple expected to unveil new Macs with more powerful chips
(Reuters) - Analysts expect Apple Inc to unveil new Mac laptop computers with more powerful processor chips at an event that will be streamed later Monday.
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Philips takes fresh hit from safety recall
Philips is setting aside RM1.2bil to address issues that are expected to arise from the recall of its faulty sleep and respiratory care equipment.
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Gorilla Mobile CEO’s past, blockchain issues throw monkey wrench into its plans
Gorilla Mobile, a telecommunications startup based in Singapore, attracted a lot of media attention when it announced its presence in June.
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SG billionaire, Ronaldo unveil digital football platform
Singaporean billionaire Peter Lim, who also owns popular football club Valencia CF in Spain, is creating a digital platform to connect football fans and those in the business of the sport.
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Dole, EDB to repurpose fruit waste via new entity
Food and beverage (F&B) major Dole Sunshine Company (DSC) is joining hands with the Singapore Economic Development Board (EDB) for a new corporate venture.
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SG gaming firm Coda buys esports platform
Coda Payments, a gaming and entertainment-focused fintech firm, has acquired mobile esports platform Baash from developer Capsl Entertainment in a bid to expand its suite of solutions.
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Eight Roads Ventures co-leads $17m round of sales support startup
SaaS Labs, a cloud solutions provider, has raised US$17 million in series A funding from Base 10 Partners and Eight Roads Ventures.
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NTU team uses microalgae for electricity generation
A team of scientists from Nanyang Technological University (NTU) in Singapore has discovered a method to boost energy generation from microalgae, eliminating reliance on non-renewable sources such as ...
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Top In Tech: Digital Signatures: Embracing New Practices
In today’s hyper-connected world, many organisations are embracing the idea of paperless offices.
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edotco Group launches design competition with UKM
edotco Group (edotco) is organising the infrastructure design competition, which it claims is a first in Asia in collaboration with the University Community Transformation Centre under Universiti Keba...
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Malaysian player part of team winning over RM21mil at The International 10
Cheng Jin Xiang plays as NothingToSay for China-based PSG.LGD which came in second place in The International 10 tournament.
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New technology offers anonymous way to report abuse, doping in the US
RealResponse provides customers – mainly university athletic departments and other sports organisations – technology to give athletes and employees a chance to initiate real-time, anonymous complaints by sending a simple text.
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Siemens prepares separation of large drive business
BERLIN (Reuters) -Siemens is preparing a separation of its large drive applications (LDA) business, the German engineering and technology company said on Monday, confirming media reports.
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Using the world’s first green steel to make a dump truck
To cleanup their reputation, steel makers are experimenting new technology to make steel with a smaller carbon footprint, with the first to be used to make a smart dump-truck.
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Ford to invest around $300 million to build electric car parts at UK plant
LONDON (Reuters) - Ford said on Monday it would invest up to 230 million pounds ($316 million) to build electric car components at its Halewood factory in northern England.
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Philips lowers outlook as recall, parts shortages bite
AMSTERDAM (Reuters) -Dutch health technology company Philips lowered its outlook on Monday for sales and profit growth in 2021, as a massive recall of respiratory devices and a global shortage of electronic components hit its third-quarter earnings.
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Energy-stricken South Africa weighs need to save climate and keep lights on
While South Africa is adopting more renewable energy tech, huge energy demand is forcing the country to depend on "dirty" energy from coal.
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Meet the company that aims to unify financial services in Indonesia
Even though he was a lawyer by training, the financial services market has always fascinated Gavin Tan.
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Carousell acquires streetwear marketplace ahead of IPO
Online classifieds giant Carousell has acquired Ox Street, an end-to-end marketplace dedicated for sneakers and streetwear, for an undisclosed amount.
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MDI, Beenext join seed round of Indonesian construction startup
GoCement, an Indonesia-based marketplace for construction materials, has raised an undisclosed amount of seed funding from MDI Ventures, Beenext, and Ideosource.
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Maxis launches 5G international roaming in three Asean countries
Maxis has launch what it claims to be the first 5G international roaming service, which will enable its customers to use these services while travellingin in Singapore, Thailand, and Indonesia.
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Stellantis, LG Energy to form battery-production JV
(Reuters) - Automaker Stellantis NV and LG Energy Solution said on Monday they have entered an agreement to form a joint venture to produce battery cells and modules for North America.
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Electric vehicle battery startup ONE backed by BMW, Gates-led firm
(Reuters) - Michigan-based Our Next Energy, which is developing an advanced battery for electric vehicles, has raised $25 million from investors ranging from German automaker BMW to a clean technology venture firm headed by Microsoft co-founder Bill Gates, the young company said on Monday.
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Bitcoin hovers near 6-month high on ETF hopes, inflation worries
TOKYO (Reuters) - Bitcoin hovered near a six-month high early on Monday on hopes that U.S. regulators would soon allow cryptocurrency exchange-traded funds (ETF) to trade, while global inflation worries also provided some support.
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Richest families in Southeast Asia scout for the next unicorn
While the surging valuations may be alluring, the groups face some risks as they embrace the tech strategy.
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Return-to-office plans are colliding with a shortage of key supplies
The supply-chain disruptions and chip shortages that have retailers fearing empty shelves for Christmas are complicating employers’ plans for a smooth reopening of offices, according to a report this week from consultancy Korn Ferry.
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Covid is forcing video game companies to rethink remote work
Jordan Lemos, a writer for video games, has lived in three different cities over the past five years.
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Digital addiction: How to know you’re hooked (and how to prevent it)
Is it a bad thing to watch Netflix instead of talking to your partner? And is it weird that you always have to bring your mobile phone into the bathroom with you? Experts say your self-confidence could stand to gain if you find it hard to stay offline.
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Report: US$590mil in ransomware payments reported to US in 2021 as attacks surge
New data out on Oct 15 showed US$590mil (RM2.45bil) in ransomware-related payments were reported to US authorities in the first half of 2021, setting a pace to beat totals for the previous decade as cyber-extortion booms.
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A Penny for your Bytes: The Nature of Data
If you don't ask the right questions, I can't give you the answers and if you don't know the right question to ask, you're not ready for the answers.
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Global PC sales remain strong despite semiconductor shortage
Some 84.1 million PCs shipped worldwide in the third quarter of 2021, up 1% compared to the third quarter of 2020, according to the Gartner Institute.
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