China’s industry ministry published revisions to draft rules on Thursday dictating how companies and localities should manage data, bringing more specificity to the country’s evolving data governance regime. The updated rules, which China’s Ministry of Industry (MIIT) and Information Technology first published in September, removes a previous statement that “core data,” defined as data that […]
News
SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option left for the Japanese group after the collapse of its blockbuster sale to Nvidia. Arm, whose technology underpins the global smartphone industry, is most likely to float on the Nasdaq, SoftBank’s CEO said, […]
Lyft Inc closed 2021 with its first full-year adjusted profit as customers eager to step out and travel paid a record amount for trips during the fourth quarter and more drivers returned to work, the ride-hailing company said on Tuesday. Shares were down 3 percent in after-hours trading after Lyft missed Wall Street expectations for […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]
The U.S. Justice Department said on Monday it has criminally charged China-based telecommunications company Hytera for conspiring with former Motorola Solutions Inc employees to steal the American company’s digital mobile radio technology. In a partially redacted indictment unsealed in the North District of Illinois, the government alleges that Hytera Communications Corp recruited Motorola employees to […]
Uber’s Middle East business Careem is looking to hire more than 200 people, according to a company LinkedIn post, as it expands the roll out of its “Super App” which offers services outside its core ride-hailing business. Careem said it was looking to fill jobs “from engineers to data analysts, operations managers to platform designers, […]
The U.S. House of Representatives passed on Friday the $300 billion America COMPETES Act directed at supporting technological investments to compete with rivals in its semiconductor manufacturing. The Act will deliver extensive subsidies for manufacturing and research, all while improving the pre-existing U.S. trade policy as the country stands in a manufacturing face-off with China’s […]
Toshiba Corp said it now aims to break up into two companies instead of three and also unveiled a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom have been opposed to any […]
Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday. “This is the first time in the history of the U.S. markets where Asia Pacific investors, and Korean […]
Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves this week, as investors […]