Billionaire Leon Cooperman, hedge fund Lone Pine Capital, and mutual fund manager Polen Capital were among firms that greatly reduced their positions in Facebook-parent Meta Platforms Inc in the quarter that ended Dec. 31, potentially protecting them from some losses during the company’s record one-day plunge in Feb, according to securities filings released on Monday. […]
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Canadian Prime Minister Justin Trudeau on Monday activated rarely used emergency powers in an effort to end protests that have shut some U.S. border crossings and paralyzed parts of the capital. Under the Emergencies Act, the government introduced measures intended to cut off protesters’ funding and took steps to reinforce provincial and local law enforcement […]
Telecom Italia (TIM) directors will on Monday discuss a plan to reorganise Italy’s biggest telecoms group as newly appointed Chief Executive Pietro Labriola tries to forge an alternative to a takeover approach by U.S. fund KKR . The debt-laden former phone monopoly is considering splitting its domestic business into an infrastructure entity and a separate […]
Benedikt Richter, a 40-year-old teacher in the southwest German city of Kaiserslautern, long held out against getting vaccinated against COVID-19. He felt uneasy about the novelty of the mRNA technology used in two of the most commonly administered shots. It did not help that his sister-in-law was hospitalised with heart muscle inflammation a day after […]
The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a “fundamental problem” in the fast-growing digital assets market. Sales of NFTs, or non-fungible tokens, soared to around $25 […]
Major global stock indexes fell on Thursday under pressure from crucial U.S. inflation data, falling technology shares and rising benchmark bond yields. U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, which could fuel financial market speculation for a 50 basis points interest rate hike from […]
In alignment with the National Strategy for Industry and Advanced Technology’s (MoIAT) goals to heighten innovation and revolutionize technological adoption, Spain’s Ministry of Industry, Trade, and Tourism (MITT) signed a Memorandum of Understanding (MoU) to establish a robust industrial collaboration with the United Arab Emirate (UAE). The MoU will structure a solid framework to simplify […]
OnlyFans, an online subscription platform known for adult content, has launched a feature for users to display verified NFTs as profile pictures, it said on Thursday. The UK-based company, which said it introduced the feature in December, joins social media companies such as Twitter and Reddit that have explored ways to incorporate the digital tokens […]
China’s cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a “clearer understanding” and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried out interviews with companies such […]
The National Aeronautics and Space Administration (NASA) raised concerns about SpaceX’s plan to deploy about 30,000 satellites for its Starlink, as have some major companies. Elon Musk’s SpaceX previously received authorization for about 12,000 satellites to offer broadband internet and has requested authorization for a second-generation constellation of 30,000 satellites. “NASA has concerns with the […]