MidOcean Energy, a unit of U.S. fund EIG, said on Friday it had agreed with Tokyo Gas Co Ltd to buy the Japanese company’s stakes in a portfolio of four Australian liquefied natural gas (LNG) projects for $2.15 billion. The acquisition marks the launch of MidOcean’s strategy to build a diversified, global integrated LNG company and… Continue reading EIG’s unit to buy Tokyo Gas’s stakes in four Australian LNG projects for $2.15b
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Toyota is fixing the problem that could have caused the bZ4X’s wheels to fly off while driving
/ Loose hub bolts and wheels are being replaced, and Toyota is adding washers, which raises the question: why weren’t washers included to begin with? Those wheels look pretty secure, but you never know.Photo by Abigail Bassett for The Verge The 2023 Toyota bZ4X’s wheels will stay on while driving after the automaker says it… Continue reading Toyota is fixing the problem that could have caused the bZ4X’s wheels to fly off while driving
Palmer Luckey’s military firm is building loitering explosive drones
Tech/ Drones / But do the drones constitute autonomous weapons? It’s not clear. Anduril’s new drone is adapted from its Altius drone platform, seen here.Image: Anduril Industries Anduril, the military technology company founded by Oculus creator Palmer Luckey, has announced its first weapon system: an adaptation of its Altius drones that turn the aircraft into… Continue reading Palmer Luckey’s military firm is building loitering explosive drones
Blockchain linked to Binance hit by $570m crypto hackSome $2b in cryptocurrency has been stolen in 13 different bridge hacks, mostly this year.
A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year. Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used in the BNB Chain,… Continue reading Blockchain linked to Binance hit by $570m crypto hackSome $2b in cryptocurrency has been stolen in 13 different bridge hacks, mostly this year.
Carsome weighing all options for listing under current conditions, targets profitability next year: CEO
On the face of it, the Southeast Asian used car marketplace and unicorn Carsome is in a bind. Despite driving into the unicorn club over a year ago and raising big bucks from formidable investors such as Gobi Partners, 500 Southeast Asia, and the Catcha Group, the company last month undertook layoffs that impacted “up… Continue reading Carsome weighing all options for listing under current conditions, targets profitability next year: CEO
India’s RBI to soon commence limited pilot launches of digital rupee
The Reserve Bank of India will soon commence limited pilot launches of a central bank-backed digital rupee for specific use cases, it said in a concept paper released on Friday. The RBI has been exploring the pros and cons of a central bank digital currency for some time and is working towards a strategy to implement it in a phased… Continue reading India’s RBI to soon commence limited pilot launches of digital rupee
Agility Ventures co-leads funding in Vanity Wagon and India deals worth $222m
Beauty marketplace Vanity Wagon has raised around $2 million in its pre-Series A funding round co-led by Agility Ventures Partners and Lotus Herbals Private Limited, it announced on Friday. The financing, which also saw participation from Inflection Point Ventures, Venture Catalysts and notable HNIs, has valued Vanity Wagon at $8 million, the startup said in… Continue reading Agility Ventures co-leads funding in Vanity Wagon and India deals worth $222m
Indonesian aquatech startup eFishery raises $33m loan facility from Bank DBS
Indonesian aquatech startup eFishery has announced raising a for 500-billion-rupiah ($32.76 million) short-term loan facility from Bank DBS Indonesia. This is the first loan facility raised by eFishery since its inception in 2013. The startup plans to use the money to expand its services in Indonesia, according to a statement on Friday. Bank DBS Indonesia… Continue reading Indonesian aquatech startup eFishery raises $33m loan facility from Bank DBS
Ex-Gojek exec’s SaaS startup raises $2m pre-seed funding and other SE Asia dealsGlobal Founders Capital and Wavemaker Partners co-anchored the funding…
klikit, a Singapore-based startup founded by former Gojek Marketplaces vice-president Christopher Withers, has secured $2 million in a pre-seed funding round co-anchored by Global Founders Capital and Wavemaker Partners. The round also saw participation from other investors, including Gentree Fund, AfterWork Ventures, Reshape Ventures, Nordstar, Pentas Ventures and Moving Capital. Gojek co-founder Kevin Aluwi, Nuseir… Continue reading Ex-Gojek exec’s SaaS startup raises $2m pre-seed funding and other SE Asia dealsGlobal Founders Capital and Wavemaker Partners co-anchored the funding…
Greater China Digest: Citi’s VC arm forays into digital assets; Tencent acquires minority stake in Grub; Taiwan’s ALP forms logistics JV
Citi Ventures has backed its first digital asset management firm while Taiwan’s largest property warehousing developer has formed a joint venture (JV) with Malaysia’s state pension fund Employees Provident Fund (EPF). Separately, Tencent has acquired a minority stake in Polish game development studio Grub Entertainment. Citi Ventures, Accel invest in Xalts Citi Ventures has made… Continue reading Greater China Digest: Citi’s VC arm forays into digital assets; Tencent acquires minority stake in Grub; Taiwan’s ALP forms logistics JV