After it spun out from Huawei, Honor wanted to make a splash with its first flagship, the Magic3 Pro. One of the biggest features the company boasted about was the camera, saying it was good enough to shoot a proper movie with. Armed with one, we’d all be turned into miniature Tom Cruises, shooting TikToks… Continue reading Is the Honor Magic4 Pro a cinematographer’s dream?
Category: Tech News
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India’s new cryptocurrency tax knocks trading volumes by 90%The 30% digital income tax has already knocked volumes by 60-70%.
India’s new cryptocurrency tax has dealt a heavy blow to the country’s crypto exchanges, adding to broader sectoral woes and sending trading volumes plunging by up to 90%. The 1% tax on Indian cryptocurrency trades from the start of this month has been a further disincentive for investors in a market where a burdensome regulatory regime and a 30%… Continue reading India’s new cryptocurrency tax knocks trading volumes by 90%The 30% digital income tax has already knocked volumes by 60-70%.
GAP teams up with Reliance Retail in fresh attempt to launch in India
Reliance Retail, part of billionaire Mukesh Ambani’s conglomerate Reliance Industries, on Wednesday tied up with Gap Inc to bring the American clothing retailer’s brands to India. Gap’s previous attempt to woo Indian customers turned sour after the jeans and casual clothing retailer terminated its deal with a unit of Arvind Fashions in 2020, when strict lockdowns in the country… Continue reading GAP teams up with Reliance Retail in fresh attempt to launch in India
People Digest: Gaw Capital appoints India head; BNP Paribas names SG CEO
Real estate private equity firm Gaw Capital Partners has appointed Nitin Gupta as head of India while BNP Paribas Asset Management has appointed Angelia Chin-Sharpe as chief executive officer for Singapore. Gaw Capital Partners appoints head of India Real estate private equity firm Gaw Capital Partners has appointed Nitin Gupta as managing director and head… Continue reading People Digest: Gaw Capital appoints India head; BNP Paribas names SG CEO
GLP launches new China income fund via $5b portfolio recap
Logistics real estate investor GLP has announced the establishment of a new China income fund, GLP China Income Partners V (GLP CIP V), through a $5-billion recapitalisation of its 2013 fund portfolio. The recapitalisation marks the full exit of GLP in the 2013 GLP China Logistics Fund I (GLP CLF I), its flagship USD-denominated, develop-to-core… Continue reading GLP launches new China income fund via $5b portfolio recap
Toyota will be the third automaker to lose the EV tax credit in the US
Toyota sold its 200,000th plug-in electric vehicle in the US, triggering a slow phaseout of the federal EV tax credit over the next 15 months, according to Bloomberg. The automaker is the third manufacturer to pass this mark, following Tesla and General Motors. The phaseout for Toyota is poorly timed, coming just weeks after the… Continue reading Toyota will be the third automaker to lose the EV tax credit in the US
Can Polestar succeed where other EV maker SPACs have failed?
The market has cooled on SPACs, but Polestar has the network and know-how Jaclyn Trop 9 hours Polestar, the EV subbrand from Volvo and Geely that launched last week on the Nasdaq at a $20 billion valuation, didn’t earn its $PSNY ticker by taking the traditional route toward an IPO. With the ringing of the… Continue reading Can Polestar succeed where other EV maker SPACs have failed?
Rivian says it’s on track to deliver 25,000 vehicles this year
Rivian said Wednesday the company produced 4,401 vehicles at its manufacturing facility in Normal, Illinois, and delivered 4,467 vehicles for the quarter ended June 30. “These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided,” Rivian said in a… Continue reading Rivian says it’s on track to deliver 25,000 vehicles this year
How to Raise First Dollars in a Difficult Market: The Venture Perspective
Raising venture capital is rarely an easy lift for startups, but 2022 is turning out to be a more challenging year than we’ve seen for some time. As venture capital continues its slowdown after an aggressive 2020 and record-breaking 2021, it’s clear that early-stage founders looking for their first dollars will require a new approach.… Continue reading How to Raise First Dollars in a Difficult Market: The Venture Perspective
Rivian is starting to shed its vaporware status by getting actual trucks to customers
Rivian’s promise to upend the auto industry with beautifully designed emissions-free, adventure-themed trucks and SUVs was almost dependent on the company’s ability to deliver actual vehicles to actual customers. And, in that respect, Rivian is getting slightly better. The company announced that it had produced 4,401 vehicles during the second quarter of 2022, a 72… Continue reading Rivian is starting to shed its vaporware status by getting actual trucks to customers