French agribusiness group InVivo has entered exclusive negotiations to merge its retail activities with 2MX Organic, an acquisition vehicle backed by French telecoms billionaire Xavier Niel, the companies said on Thursday. The planned deal is based on a 675 million euro ($748 million) enterprise value for InVivo Retail, they said. The business would become a […]
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A group of Taiwanese puppeteers are looking to use non-fungible tokens, or NFTs, to help bring their traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets representing a digital item such as an image, video, or even land in virtual worlds, with prices of some […]
As Tesla kicks off production at its new German plant this month, Volkswagen is weeks away from finalizing plans for a 2 billion euro ($2.2 billion) electric vehicle (EV) factory that it hopes will bring it up to speed with its U.S. rival. Tesla says it can already churn out a Model Y in 10 […]
Major Ericsson shareholders will vote against a motion to clear some board members of responsibility over possible payment of bribes to militant organisations in Iraq, deepening a crisis at the Swedish group that has knocked a quarter off its market value. Shareholders, including Cevian Capital, Swedbank Robur and Norway’s wealth fund, plan to vote against […]
Ukraine’s state-owned telecommunications company Ukrtelecom experienced a disruption in internet service on Monday after a “powerful” cyberattack, according to Ukrainian government officials and company representatives. The incident is the latest hacking attack against Ukrainian internet services since Russian military forces invaded in late February. “Today, the enemy launched a powerful cyberattack against Ukrtelecom’s IT-infrastructure,” said […]
Ukraine started auctioning off a collection of non-fungible tokens (NFTs) on Friday in an expansion of a cryptocurrency fundraising push that Kyiv says has already collected more than $65 million for its war effort. The ‘Meta History: Museum of War’ collection is a series of digital images – including silhouettes of warplanes, screengrabs of news […]
World stocks are headed for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Federal Reserve’s policy tightening and Russia’s war in Ukraine. Technology shares in Hong Kong led losers and weighed on the broader market after U.S. regulators […]
Ukraine is using facial recognition software to identify the bodies of Russian soldiers killed in combat and to trace their families to inform them of their deaths, Ukraine’s vice prime minister told Reuters. Reuters exclusively reported that Ukraine’s Ministry of Defense this month began using technology from Clearview AI, a New York-based facial recognition provider […]
Europe’s attempt to set landmark rules for artificial intelligence should take a positive approach to reap the benefits of the technology rather than restrict it, European Parliament lawmaker Svenja Hahn said on Tuesday. The European Commission last year proposed its AI rules in a bid to take the lead in a technology dominated by China […]
China’s Tencent Music will pursue a secondary listing of its shares on the Hong Kong Stock Exchange, the company said on Monday, after reporting a 15 percent fall in revenue at its mainstay social entertainment services business While most of Tencent Music users are in its music streaming unit, social entertainment services including karaoke platforms […]