Taiwan‘s central bank is still working on its digital currency and while it’s unclear when the scheme could roll out to the public it will push ahead with it, governor Yang Chin-long said on Wednesday. Taiwan‘s central bank has been working on a pilot for a government-run digital currency for the past two years, to… Continue reading Taiwan central bank working on digital currency, no timetable on rollout yet
Category: Tech News
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Toppr lays off India staff, while parent BYJU’S is reportedly looking at $1b US acquisition
For the second time in as many days, Indian edtech decacorn BYJU’s has laid-off employees at one of its subsidiaries. This time it has let go of 300 employees from Toppr, a day after it handed the pink slip to around 300 employees in WhiteHat Jr. A BYJU’s spokesperson confirmed the layoffs and added that… Continue reading Toppr lays off India staff, while parent BYJU’S is reportedly looking at $1b US acquisition
Hyundai Oilbank makes third listing attempt, gains preliminary nod for IPO
South Korean refiner Hyundai Oilbank Co Ltd has received preliminary approval for its planned initial public offering (IPO), the Korea Exchange said on Wednesday. Hyundai Oilbank, an affiliate of shipbuilder Hyundai Heavy Industries, is 73.85% owned by HD Hyundai Co Ltd as of end-March. It reported non-consolidated revenue of 20.3 trillion won and 565 billion won in operating profit in 2021, the Korea… Continue reading Hyundai Oilbank makes third listing attempt, gains preliminary nod for IPO
Chad Wolf, the illegal secretary
Kirstjen Nielsen’s tenure as the head of the Department of Homeland Security was perhaps best known for the family separation policy at the border. The recordings of crying toddlers, the children wrapped in silver foil blankets, the detention conditions likened to “cages” — this was her legacy. Nielsen was reviled by almost everyone from the center and… Continue reading Chad Wolf, the illegal secretary
How the TSA created two classes of travelers
Dan McCoy is the chief innovation officer at the United States Transportation Security Administration, or TSA. Welcome to Decoder. Thank you for having me, Nilay. I am a listener, so this is exciting. The experience is way different than listening, so you are in for a ride. It’s a great time to talk to you.… Continue reading How the TSA created two classes of travelers
Unsettled
Over the last two years, Elbakri’s organization has delivered food to families as part of its You Are Not Alone program, which seeks to fill the needs of people suffering financially from the pandemic. But, over the last six months, they have expanded to provide weekly food packages for Afghan refugees in the Bay Area… Continue reading Unsettled
Autonomous freight truck due to hit U.S. roads
Einride A freight technology company has received federal approval to operate an autonomous electric big rig on public roads. Einride received the allowances from the National Highway Traffic Safety Administration (NHTSA), marking the first time a purpose-built autonomous, electric truck without a driver on board has been approved to operate on public roads in the U.S. The… Continue reading Autonomous freight truck due to hit U.S. roads
Tesla lets go of hundreds of Autopilot data labelers as it closes San Mateo office
Tesla has laid off about 200 people working at its San Mateo offices as it closes the location. Most of the employees were working as Autopilot data labelers – a critical project for Tesla to achieve self-driving capability. LinkedIn is flooding with posts from now former Tesla employees working at its San Mateo office after… Continue reading Tesla lets go of hundreds of Autopilot data labelers as it closes San Mateo office
India’s Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, othersTony Xu, the founder of Doordash has also invested in the curren…
Bengaluru-headquartered Arzooo, a B2B retail tech platform for electronics, has raised $70 million in its Series B funding round from global and Indian investors including SBI Investment, Japan and Trifecta Leaders Fund, it announced on Wednesday. Tony Xu, the founder of Doordash has also invested in the current round, making Arzooo his first India investment. Existing… Continue reading India’s Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, othersTony Xu, the founder of Doordash has also invested in the curren…
FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others
FAZZ Financial Group (FFG), the parent company of Indonesian fintech firm PAYFAZZ and Singapore-based payments infrastructure provider Xfers, has secured $60 million so far in an ongoing Series C funding round, according to regulatory filings. The company plans to issue up to 7.7 million Series C shares in two tranches to raise a minimum of… Continue reading FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others