Jan 20 (Reuters) – Elon Musk, Tesla Inc’s (TSLA.O) chief executive, is likely to be called to testify on Friday in a jury trial over his 2018 tweet that he had “funding secured” to take the electric carmaker private, which shareholders allege cost them millions in trading losses. The billionaire entrepreneur is listed as the… Continue reading Untitled
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Legalcategory
Practical Law, a part of Thomson Reuters Blockchain and Data Privacy Get expert insights on the tension between blockchain technology and data privacy, with strategies to bolster privacy compliance when using blockchain applications. Available now on Practical Law The Journal. Go to Source
Factbox: The many companies in Digital Currency Group’s crypto empire, article with image
Jan 20 (Reuters) – U.S. crypto company Digital Currency Group (DCG) is at the center of the industry’s latest meltdown after one of its companies, Genesis, froze customer withdrawals in November. The lending unit of Genesis Global Capital filed on Thursday for U.S. bankruptcy protection from creditors. Here is what we know about the many… Continue reading Factbox: The many companies in Digital Currency Group’s crypto empire, article with image
Ericsson quarterly earnings miss expectations, article with image
STOCKHOLM, Jan 20 (Reuters) – Sweden’s Ericsson (ERICb.ST) on Friday reported fourth-quarter core earnings that missed expectations for the third quarter in a row, as sales of 5G equipment slowed in high-margin markets such as the United States. The company’s quarterly adjusted operating earnings excluding restructuring charges fell to 9.3 billion Swedish crowns ($902 million)… Continue reading Ericsson quarterly earnings miss expectations, article with image
Technologycategory
Wayfair prepares to cut more than 1,000 jobs – WSJ Online furniture retailer Wayfair Inc is preparing to lay off over 1,000 workers, or more than 5% of its workforce, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Go to Source
T-Mobile says investigating data breach involving 37 mln accounts, article with gallery
Jan 19 (Reuters) – U.S. wireless carrier T-Mobile (TMUS.O) said on Thursday it was investigating a data breach involving 37 million postpaid and prepaid accounts and that it expected to incur significant costs related to the incident. The company said it identified malicious activity on Jan. 5 and contained it within a day, adding that… Continue reading T-Mobile says investigating data breach involving 37 mln accounts, article with gallery
Technologycategory
Wayfair prepares to cut more than 1,000 jobs – WSJ Online furniture retailer Wayfair Inc is preparing to lay off over 1,000 workers, or more than 5% of its workforce, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Go to Source
China’s video game makers come in from the cold as crackdown eases, article with gallery
HONG KONG, Jan 20 (Reuters) – China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Beijing’s tough curbs in 2021 laid waste to the once-booming… Continue reading China’s video game makers come in from the cold as crackdown eases, article with gallery
Gallery
BANGKOK/HONG KONG, Jan 20 (Reuters) – As Chinese shoppers trickle back to tourist hotspots for Lunar New Year holidays, malls from Macau to Bangkok aim to lure them into stores with red lantern displays, special dances to mark the Year of the Rabbit – and discounts. The overall number of international flights from China is… Continue reading Gallery
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Jan 19 (Reuters) – E-commerce giant Amazon.com Inc (AMZN.O) said on Thursday it will increase the prices of some of its music subscription plans from February. The price of Amazon Music’s ‘Unlimited Individual Plan’ will go up by $1 to $10.99 per month, while its ‘Unlimited Individual Student Plan’ will go up to $5.99 from… Continue reading Untitled