The 30-year-old former head of the failed cryptocurrency exchange is accused by prosecutors of allegedly carrying out “one of the biggest financial frauds in US history.’ Mr Bankman-Fried, who has denied the charges against him, arrived back in the US on Wednesday night and appeared in court in New YorkContinue Reading
A man rides an electric bike past the Tencent headquarters in Nanshan district of Shenzhen, Guangdong province, China September 2, 2022. REUTERS/David Kirton Tencent Holdings Ltd (0700.HK) is raising its stake in Ubisoft Entertainment SA (UBIP.PA) in a deal that values France’s biggest games developer at almost $10 billion, as deep-pocketed Chinese firms continueContinue Reading
Signage at the Netflix booth is seen on the convention floor at Comic-Con International in San Diego, California, U.S., July 21, 2022. REUTERS/Bing Guan/File Photo Gulf Arab states have demanded that U.S. streaming giant Netflix (NFLX.O) remove content deemed offensive to “Islamic and societal values” in the region, Saudi Arabia’s media regulatorContinue Reading
A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world’s top oil exporter reaps the rewards of highContinue Reading
IMAGE SOURCE, SCIENCE PHOTO LIBRARYImage caption, Neodymium-iron-boron is the strongest permanent magnet material in wide-scale use today Name a technology that is all around us, underpins our modern way of living but is hardly recognised for its contribution. How about the magnet?The Queen Elizabeth Prize for Engineering hopes our awareness and appreciation willContinue Reading
Japanese technology giant Sony says it will buy video game developer Bungie in a deal worth $3.6bn (£2.7bn). Sony says Bungie, best known for the Destiny and Halo games, will help it “reach billions of players”. Halo is one of the games that contributed to the popularity of Microsoft’s Xbox.Continue Reading
Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the weekend. One of the two production lines at the factory was restarted on Wednesday, Toshiba Electronic Devices & Storage Corp saidContinue Reading
Intel Corp on Friday is set to announce it will invest $20 billion in a massive new manufacturing site near Columbus, Ohio to develop and manufacture advanced semiconductor chips, sources briefed on the matter told Reuters. The planned investment includes 3,000 permanent jobs on the 1,000-acre site in New Albany,Continue Reading
The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatoryContinue Reading
The Information Commissioners’ Office (ICO) is to talk to Meta about how its virtual reality (VR) business Oculus complies with the regulator’s “children’s code”. The code aims to ensure that online services likely to be accessed by children are appropriate for their use. A campaign group recently found evidence ofContinue Reading