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British EV Battery Startups Need Funding Help or Risk Missing Out-Study

Britain risks missing out on capturing a larger share of the electric vehicle (EV) battery supply chain unless the government does more to help startups gain access to private financing, according to a study released on Tuesday. Only the private sector can provide enough finance to fuel the transition to zero-emission transport – with battery […]

Kicking the China Habit: South Korea Hunts Tungsten Treasure

Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen better days, could be a catalyst for South Korea’s bid to break China’s dominance of critical minerals and stake its claim to the raw materials of the future. The mine in Sangdong, 180 km southeast of Seoul, is being brought […]

El Salvador Buying the Dip, Bullish at Bitcoin Price Drop

El Salvador, the first country to declare bitcoin (BTC) as legal currency last year, has resumed its bitcoin buying frenzy by purchasing another 500 tokens for $15.3 million, according to a Tweet by Nayib Bukele. El Salvador paid an average of $30,744 for each bitcoin, Bukele said, seizing the opportunity to buy the bitcoin price dip. El […]

SoftBank Seen Posting Bruising Vision Fund Loss on Tech Sell-Off

Japan’s SoftBank Group Corp is set to report a bruising loss at its Vision Fund investment unit on Thursday, analysts said, after investors sold off the high-growth stocks favoured by the fund with questions about their earnings potential. With the technology investor poised to post full-year earnings, comments from founder and Chief Executive Masayoshi Son […]

European Stocks Hit 2-Month Lows on Mining, Tech Losses

European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2 percent to touch its lowest since March 10. Miners fell 2.8 percent as Chinese […]

Britain to Give New Tech Regulator Statutory Powers

Britain will give statutory powers to a new technology regulator so it can enforce pro-competition rules and prevent tech giants including Google and Facebook from using their dominance to push out smaller firms and disadvantage consumers. “The government will introduce legislation to put the Digital Markets Unit on a statutory footing in due course,” the […]

Exclusive-Xiaomi Accuses Indian Agency of 'Physical Violence' Threats During Probe

Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of “physical violence” and coercion during questioning by India’s financial crime fighting agency, according to a court filing seen by Reuters. Officials from the Enforcement Directorate warned the company’s former India managing director, Manu Kumar Jain, current Chief Financial Officer Sameer B.S. Rao, […]

Musk's New Twitter Funding Could Draw TikTok-Like U.S. Scrutiny - Analysis

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 […]