Elon Musk’s decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc runs the risk of inviting the kind of regulatory scrutiny over U.S. national security that social media peer TikTok faced, legal experts say. Musk disclosed on Thursday that Saudi Arabia’s Prince Alwaleed bin Talal, Qatar’s sovereign wealth […]
Search results for "sc"
Japan is expected to announce a new defence agreement among several deals with Thailand on Monday during a visit by Prime Minister Fumio Kishida, the last leg of his three-nation tour of Southeast Asia. The agreement, details of which have yet to be disclosed, would facilitate transfers of defence hardware and technology from Japan to […]
Taiwanese electric scooter maker Gogoro Inc has all the chips it needs for now, founder and Chief Executive Horace Luke said on Tuesday, but could face a squeeze by year-end as it pushes big plans to grow in China, India and Southeast Asia. While a global shortage of semiconductors has slammed auto makers, Luke told […]
The world of cryptocurrencies, NFTs, and Blockchains overall is the wild west of the internet. Barely regulated, fraught with fraudsters, and brimming with scammers, it is up to the individual to tread carefully and only connect their wallets to what they trust. Still, trust can be abused as famous influencers use their platform and their […]
If you are going into the Non-Fungible Token (NFT) space as an investor or interacting on the internet for the past few years, you know that the NFT space is full of scams. For those new to the term, rug pulls are NFT projects that promise big and disappear with investors’ money. Whether you believed […]
The White House held a classified briefing on Wednesday with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production. White House National Economic Council Director Brian Deese told reporters “the best estimates are the lack of […]
The U.S. dollar’s share of world currency reserves continues to ebb slowly – but reserve stashes are only one measure of its dominance of global finance, and there’s no realistic scenario where that gets derailed any time soon. Central banks and private businesses need their rainy day funds to be in liquid assets that are […]
Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians, […]
Deutsche Bank, which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs and JPMorgan Chase, which were the first major U.S. banks to exit after Moscow’s […]
Sweden’s Ericsson on Wednesday said the U.S. Justice Department accused it of breaking terms of a 2019 deal with prosecutors by failing to properly disclose misconduct and compliance failures in Iraq. Ericsson, which has been at the center of a scandal over possible payments to Islamic State, said U.S. authorities determined it failed to make […]