TikTok will begin requiring accounts belonging to US government departments, politicians and political parties to be verified and will ban videos aimed at campaign fundraising, the short-form video app said on Wednesday. The move comes as TikTok, owned by China’s ByteDance, and other social media platforms are working to clamp down on political misinformation ahead of the U.S. midterm elections in November, after years of being criticized for allowing… Continue reading TikTok to verify political accounts, ban campaign fundraising ahead of mid-term pollsSocial media platforms are working to clamp down on political mis…
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Japan state-backed fund said to be in talks with Bain Capital for Toshiba buyout
A state–backed Japanese fund is in talks with private equity firm Bain Capital to form a consortium and bid for Toshiba, after breaking off from its previous partner, the Nikkei newspaper reported on Wednesday. It would mark a second proposal for Toshiba from state–backed Japan Investment Corp. The fund had previously joined forces with private equity firm Japan Industrial Partners and their bid had made it past the first round of bidding. However, Japan Investment Corp and Japan Industrial… Continue reading Japan state-backed fund said to be in talks with Bain Capital for Toshiba buyout
China Evergrande may transfer some assets to property unit to repay debt
China Evergrande Group said on Wednesday it was considering transferring some assets to its property unit to settle some of the unit‘s debt payments. In July, the company revealed that loans secured by Evergrande Property Services had been diverted to the parent group, which led to Evergrande Group’s chief executive and finance head stepping down. Deposits worth 13.4 billion yuan ($1.90 billion) held by the property unit had been used as collateral for… Continue reading China Evergrande may transfer some assets to property unit to repay debt
China’s Geely-owned Lotus Technology valued at $4.5b in fundraising
Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion. The unit, part of Group Lotus which is in turn owned jointly by Chinese automaker Geely and Malaysia’s Etika Automotive, said it would use the proceeds for product innovation and developing global distribution networks. Reuters reported in 2021 that Lotus Technology was… Continue reading China’s Geely-owned Lotus Technology valued at $4.5b in fundraising
Logitech’s G Cloud Gaming Handheld arrives in October for $349.99
/ Logitech has worked with Tencent, Microsoft, and Nvidia Logitech’s new handheld is all about the cloud.Image: Logitech Logitech is officially announcing its G Cloud Gaming Handheld today after a teaser and a leak last month. The Android-powered $349.99 handheld will arrive in October, with access to the Google Play Store, Xbox Cloud Gaming, and… Continue reading Logitech’s G Cloud Gaming Handheld arrives in October for $349.99
Your car should be able to tell if you’re too drunk or impaired to drive, NTSB says
/ The safety board is also recommending intelligent speed adaptation systems to curb reckless driving NTSB wants cars that can detect drunk driving and automatically manage speed limits.Photo by Tayfun Coskun / Anadolu Agency via Getty Images The National Transportation Safety Board, the federal agency responsible for investigating vehicle and aviation crashes, called on the… Continue reading Your car should be able to tell if you’re too drunk or impaired to drive, NTSB says
Ted Lasso’s AFC Richmond is coming to FIFA 23
EA has announced a number of deals about major teams and leagues being featured in the newest — and final — FIFA game. Now, we have news of a fake team — AFC Richmond, the fictional club from Ted Lasso, will be playable in FIFA 23. The team will be available in a handful of… Continue reading Ted Lasso’s AFC Richmond is coming to FIFA 23
Kia plans to build EVs in the US to comply with new federal tax credit
/ Kia will have to play ball once the law goes into effect Photo by Roberto Baldwin for The Verge Kia is planning to manufacture its electric vehicles in the US, according to South Korean media sources Maeil Business and SBS (via The EV Officials). The automaker currently builds its flagship electric car and North… Continue reading Kia plans to build EVs in the US to comply with new federal tax credit
People Digest: Grab appoints group CTO; Indosuez Wealth Management appoints SG market headsParadatheth was Grab’s first technical lead when the compan…
Grab has promoted Suthen Thomas Paradatheth to group chief technology officer while Indosuez Wealth Management has appointed two market heads for its Singapore branch. Paradatheth named Grab group CTO Southeast Asia’s superapp Grab has announced that it has promoted Suthen Thomas Paradatheth to group chief technology officer (GCTO), effective October 1, 2022. As Grab’s GCTO,… Continue reading People Digest: Grab appoints group CTO; Indosuez Wealth Management appoints SG market headsParadatheth was Grab’s first technical lead when the compan…
Japan consortium exploring other options for Toshiba restructuring, per reports
A Japanese consortium chosen in the first round of bids to restructure Toshiba Corp has decided to explore other options, Kyodo news reported on Wednesday. Japan Investment Corp (JIC) is considering a second proposal for Toshiba, breaking off with Japan Industrial Partners (JIP), according to Kyodo. Conglomerate Toshiba is looking at a number of restructuring… Continue reading Japan consortium exploring other options for Toshiba restructuring, per reports