It’ll always get you, in the end. You’ve heard the joke about the US Navy vessel and its unidentified opponent that won’t get out of the way. Its Captain, outraged at its refusal, barks into the radio that he’ll sink them if they don’t reconsider, to which the opponent responds “Sir, this is a lighthouse.”… Continue reading How the tech titans crashed head-first into reality
Category: Tech News
Category Added in a WPeMatico Campaign
Solid Power and BMW’s R&D deal offers a sneak peek into the battery industry’s future
Solid Power, one of the leaders in the race to commercialize all-solid-state lithium-ion batteries, has been stumbling of late. But a new deal with BMW might give it the boost it needs. After going public via SPAC in late 2021, Solid Power’s share price followed the all-too-familiar SPAC bump then bust, trading for much of… Continue reading Solid Power and BMW’s R&D deal offers a sneak peek into the battery industry’s future
Wednesday’s top tech news: Musk will still run Twitter even if he finds a new CEO
Illustration by Kristen Radtke / The Verge; Getty Images Thousands of Twitter employees have left since Elon Musk’s takeover of the social media firm, but the biggest resignation is yet to come. Musk himself — under pressure from Tesla investors worried about the car company’s sinking stock price — said Tuesday night that he plans… Continue reading Wednesday’s top tech news: Musk will still run Twitter even if he finds a new CEO
Successes of 2022: Google Maps helped me get out and explore more
/ As in-person events returned in full force — both personal and professional — Google Maps proved just as indispensable to daily life as ever. Micha Huigen / The Verge I had the privilege of using lots of incredible new phones in 2022, packed with the latest hardware and capable of impressive performance. But there’s… Continue reading Successes of 2022: Google Maps helped me get out and explore more
Abu Dhabi’s ADNOC to pick 24.9% stake in Austria’s OMV from MubadalaMubadala’s stake in OMV is valued at around $4.1 billion
Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from Abu Dhabi state fund Mubadala Investment Company, the two companies said on Wednesday. Upon closing of the transaction, ADNOC will increase its shareholders in both European petrochemical maker Borealis and Abu Dhabi-listed petrochemicals firm… Continue reading Abu Dhabi’s ADNOC to pick 24.9% stake in Austria’s OMV from MubadalaMubadala’s stake in OMV is valued at around $4.1 billion
India’s RBI chief says next financial crisis will come from private cryptocurrencies
FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo India’s central bank chief on Wednesday warned that the next financial crisis will come from private cryptocurrencies adding that he still holds the view that cryptocurrencies should be… Continue reading India’s RBI chief says next financial crisis will come from private cryptocurrencies
Saudi wealth fund PIF buying 30% stake in Saudi Tabreed
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a bourse filing on Wednesday. The sale is subject to completion procedures. United Arab Emirates-listed National Central Cooling Company, known as Tabreed, has also boosted its stake in the Saudi venture… Continue reading Saudi wealth fund PIF buying 30% stake in Saudi Tabreed
Philippine bourse sees no fraudulent trading in PLDT shares
The Philippine Stock Exchange (PSE) said on Wednesday there was no indication of fraudulent trading in PLDT Inc shares before the company’s disclosure of budget overruns, with most of the deals carried out by institutional traders. “Just to assure you, without going to specifics, we did not see any indication of any fraudulent trades prior… Continue reading Philippine bourse sees no fraudulent trading in PLDT shares
China to unveil new rules to rein in fund ‘greenwashing’
China plans to tighten rules to regulate environmentally friendly, or so-called green funds, as part of its efforts to rein in ‘greenwashing’ in the world’s second-largest climate fund market, sources with direct knowledge of the matter said. The new rules, which could be in place in the first half of 2023, will mark a major… Continue reading China to unveil new rules to rein in fund ‘greenwashing’
GLP-backed Monoful hits first close of Japan-focused fund at $96mThe new investment vehicle will have five startups in its investment portfolio by the…
Monoful Venture Partners, a Japan-based venture capital arm of GLP, has secured 12.9 billion yen ($96 million) in capital commitments to mark the first close of its maiden fund – Monoful Venture Partners I, according to a company release. Launched this year, Monoful aims to invest in growth-stage startups in the logistics and real estate… Continue reading GLP-backed Monoful hits first close of Japan-focused fund at $96mThe new investment vehicle will have five startups in its investment portfolio by the…