Article content LONDON — Billionaire Patrick Drahi will not be forced to cut his 18% stake in BT Group after the British government ruled the investment posed no national security implications. BT, Britain’s largest mobile and broadband company which is building the national fiber network, said on Tuesday the government would not take any action […]
Article content DUBAI — Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF. The series ‘B’ funding would support the Saudi-based startup to expand into new markets, and […]
Article content STOCKHOLM — Swedish gaming group Embracer announced on Thursday six acquisitions and predicted the deals would boost its earnings by between 550 million crowns and 1.5 billion crowns ($52.8 million-$144 million) over the coming three years. The aggregated upfront purchase price for the businesses amounted to 6.0 billion Swedish crowns, and the likely […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Article content Having seen eight coaches come and go in less than 10 years, Manchester United fans know their false dawns. Wednesday shed a different light on strife at the giant football club: Elon Musk said he was buying it – and then said […]
Article content SYDNEY — Australia’s highest court overturned on Wednesday a ruling that had found Google engaged in defamation by supplying a link to a contested newspaper article, throwing the spotlight again on how online libel cases are handled in the country. The seven-judge panel of the High Court of Australia voted 5-2 to throw […]
Article content DUBAI — Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund’s investment portfolio to about $40.8 billion at the end of the second quarter. The PIF acquired 213,000 class A […]
Article content BEIJING — A hacker has claimed to have obtained the personal information of 48.5 million users of a COVID health code mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub’s data in just over a month. The hacker with the username as “XJP” […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Aditya Kalra Article content NEW DELHI — Google has grave reservations about developing a self-regulatory body for the social media sector in India to hear user complaints, though the proposal has support from Facebook and Twitter, sources with knowledge of the discussions told […]
MILAN — Telecom Italia (TIM) has clinched an agreement with national trade unions to cut 2,100 jobs through an early retirement scheme as part of a wider cost-cutting plan to 2024, a document seen by Reuters showed. Read More
SHANGHAI — Hong Kong stocks ended lower to post the biggest monthly drop in a year on Friday, pressured by sharp losses in major tech firms, which reignited investor worries over clampdown on the tech sector, while mainland China stocks also fell. Read More