China’s Tencent Holdings has told staff it will no longer guarantee them a pay raise upon promotion, according to an internal letter seen by Reuters, as it reviews its salary policy amid a wider cost-cutting drive. The Chinese social media and gaming giant told its employees of the policy change on Tuesday, saying the decision […]
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Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms […]
Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
Facebook parent Meta Platforms Inc will use Broadcom Inc’s custom chips to build its metaverse hardware, becoming the chipmaker’s next billion-dollar ASIC customer, analysts at J.P. Morgan said on Tuesday. ASIC (application-specific integrated circuit) chips will drive $2 billion to $2.5 billion in revenue for Broadcom this year, helped by its deals with Meta and […]
Britain’s finance ministry set out plans on Tuesday for adapting existing rules to deal for any major stablecoin collapses, such as with TerraUSD this month. It is the latest sign of how regulators are trying to catch up with fast-moving developments in crypto markets which straddle national borders. “Since the initial commitment to regulate certain […]
The humble wire harness, a cheap component that bundles cables together, has become an unlikely scourge of the auto industry. Some predict it could hasten the downfall of combustion cars. Supplies of the auto part were choked by the war in Ukraine, which is home to a significant chunk of the world’s production, with wire […]
After struggling to find staff during the pandemic, businesses in Singapore have increasingly turned to deploying robots to help carry out a range of tasks, from surveying construction sites to scanning library bookshelves. The city-state relies on foreign workers, but their number fell by 235,700 between December 2019 and September 2021, according to the manpower […]
Google is the undisputed king of browsers worldwide. In terms of numbers, quality, and diversity of services, no other browser can hold a candle to its usefulness, and Google’s extensive range of plugins and browser extensions make the experience even better, solving problems you didn’t know you had. Now, in the era of machine-to-machine communications […]
Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering. Binance said […]
Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday. “The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance ministry’s financial policy department, was quoted as saying. Russian officials are wrestling […]