Lawmakers and staff members who have TikTok on their phones would have to delete it. TikTok is now banned on any device owned and managed by the US House of Representatives, according to Reuters. The House’s Chief Administrative Officer (CAO) reportedly told all lawmakers and their staff in an email that they must delete the… Continue reading US House of Representatives bans TikTok on its devices
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Nitro rejects Potentia’s alternative offer, backs KKR-backed Alludo’s bid
Australia’s Nitro Software rejected an alternative takeover offer from private-equity (PE) firm Potentia Capital, which gave Nitro shareholders the choice of an all-cash, stock, or a combination of both, at the same offer price. The company also said on Wednesday it would recommend shareholders to vote for KKR Inc-backed Alludo’s all-cash, sweetened takeover offer of A$526.9 million ($354.55 million) and an off-market takeover. The developments come after high inflation, weak… Continue reading Nitro rejects Potentia’s alternative offer, backs KKR-backed Alludo’s bid
Crypto exchange Kraken to stop operations in Japan next month
US-based crypto exchange Kraken said on Wednesday it would cease its operations in Japan next month, citing the current market conditions in the country and a weak crypto market globally. Kraken will deregister from the Financial Services Agency (JFSA) as of Jan. 31, by which time clients would have to withdraw their fiat and crypto holdings, it said in a statement. Kraken said it is fully funded to ensure… Continue reading Crypto exchange Kraken to stop operations in Japan next month
Malaysia’s Berjaya weighs potential acquisition in financial services
Malaysian consumer-to-property conglomerate Berjaya Corp is evaluating a “major potential acquisition” involving a licensed entity governed by the Malaysian central bank, it said in a stock filing late Tuesday. To facilitate the potential purchase of a 51% equity stake, Berjaya Corp said its founder and major shareholder Vincent Tan Chee Yioun intends to pare down his stake to not more than 19.6% by… Continue reading Malaysia’s Berjaya weighs potential acquisition in financial services
Private equity trends to watch for in SE Asia next year
Even as the markets barely recovered from the impact of the pandemic in 2022, the capital flow got disrupted again by geopolitical uncertainties and an inflationary environment across the globe resulting in a rough year for private equity. The overall macro environment also meant that SE Asia’s young private equity market has to adapt to… Continue reading Private equity trends to watch for in SE Asia next year
Cleantechnica: UFODRIVE: The CleanTechnica Team’s Experience 002480
You all know by now how much the CleanTechnica team LOVES electric vehicles. So when we headed to Austin, TX, last month for a team retreat (and the Electrify Expo event – North America’s largest electric vehicle festival), we couldn’t drive around just any rental car. It had to be an EV. Thankfully our friends at UFODRIVE… Continue reading Cleantechnica: UFODRIVE: The CleanTechnica Team’s Experience 002480
Clean Technica: Tesla Model 3 Surpasses Model Y As Germany’s Top Electric Car002478
Following the Model Y’s debut in Europe earlier this year, the electric SUV quickly became the top registered clean energy vehicle in a handful of countries. Just a few months into the SUV’s young entry into the hotly-contested German market, however, Tesla’s flagship sedan has taken back the throne, leaving the Model Y in second.… Continue reading Clean Technica: Tesla Model 3 Surpasses Model Y As Germany’s Top Electric Car002478
Southwest cancels thousands of flights, leaving passengers stranded across the US
Transpo/ Tech / The airline canceled over 9,000 flights across the US, far more than other carriers, as its point-to-point system left planes and crews out of place. Southwest Airlines canceled over 2,600 flights on Tuesday.Photo by Tayfun Coskun/Anadolu Agency via Getty Images Southwest Airlines has left thousands of travelers stranded at airports throughout the… Continue reading Southwest cancels thousands of flights, leaving passengers stranded across the US
Tesla used car prices are finally dropping
Tesla used car prices are finally starting to drop. It’s good for the affordability of Tesla vehicles, but it will put pressure on the company’s new car demand. Over the last few years, as Tesla increased its new car prices, Tesla used car prices have also been rising fast. Earlier this year, used Model Y… Continue reading Tesla used car prices are finally dropping
Workers at Blizzard support studio Proletariat aim to unionize
The campaign involves all non-management workers. On Tuesday, workers at Proletariat, the Boston-based studio Blizzard bought earlier this year to support World of Warcraft development, announced they recently filed for a union election with the National Labor Relations Board (NLRB). Proletariat is the third Activision Blizzard studio to announce a union drive in 2022, but… Continue reading Workers at Blizzard support studio Proletariat aim to unionize