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Category: Business

Chinese claims that Binance is a Chinese company are rebutted by CZ
Business

Chinese claims that Binance is a Chinese company are rebutted by CZ

September 2, 2022

Binance CEO Changpeng “CZ” Zhao has hit back at critics and conspiracy theorists who claim Binance is linked to the Chinese government. Binance was legally

As part of a $1.4 billion contract, SpaceX secures five more NASA astronaut missions
Business

As part of a $1.4 billion contract, SpaceX secures five more NASA astronaut missions

September 1, 2022

NASA has ordered five more astronaut missions from SpaceX in a new $1.44 billion contract. The total number of Crew Dragon launches to the International

China is prohibited from buying AI training chips from the US
Business

China is prohibited from buying AI training chips from the US

September 1, 2022

Nvidia and AMD have been blocked from selling certain chips to China and Russia. The US cites possible military applications for the technology. Restrictions are

UK regulator signals in-depth review of Microsoft’s Activision Blizzard deal
Business

UK regulator signals in-depth review of Microsoft’s Activision Blizzard deal

September 1, 2022September 1, 2022

Microsoft’s $68.7 billion acquisition of Activision Blizzard raises competition concerns. UK Competition and Markets Authority (CMA) has opened a formal investigation. Microsoft says it will

QR code payments to be offered cross-border by Indonesia and Singapore
Business

QR code payments to be offered cross-border by Indonesia and Singapore

August 31, 2022

Work has begun on a cross-border QR payment linkage between Indonesia and Singapore. Users will make instant, secure, and efficient retail payments by scanning the

After Fed’s hawkish stance, JPMorgan strategist advises investors to sell bitcoin and crypto
Business

After Fed’s hawkish stance, JPMorgan strategist advises investors to sell bitcoin and crypto

August 31, 2022

JPMorgan’s chief global strategist, David Kelly, has made some suggestions for crypto investors concerned about the direction of the market. According to Kelly, investors should

Twenty percent of Snap’s employees will be laid off as a result of the cancellation of several projects
Business

Twenty percent of Snap’s employees will be laid off as a result of the cancellation of several projects

August 31, 2022

Snap is laying off around 20 percent of its more than 6,400 employees. The company is canceling its original shows, in-app games, and other projects.

An additional $100 million will be raised by blockchain investor Animoca Brands, according to a report
Business

An additional $100 million will be raised by blockchain investor Animoca Brands, according to a report

August 30, 2022

Singapore’s Temasek is reportedly joining a $100 million funding for Animoca Brands. Animoca has already raised $359 million in January and another $75 million this

Petco Looks to Fish, Birds, Snakes to Boost Subscription Revenue
Business

Petco Looks to Fish, Birds, Snakes to Boost Subscription Revenue

August 30, 2022

Petco is expanding its Vital Care membership program to include birds, fish, reptiles and small pets. There are more than 13 million fish, 9 million

Despite challenges in Kenya, Flutterwave is moving forward with its IPO
Business

Despite challenges in Kenya, Flutterwave is moving forward with its IPO

August 30, 2022

African FinTech Flutterwave is moving ahead with preparations for an initial public offering (IPO) on the Nasdaq. The company faces claims of financial impropriety by

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