Aquaron Acquisition, a special purpose acquisition company (SPAC) that targets the new energy sector in Asia, has filed with the US Securities and Exchange Commission (SEC) to raise up to $50 million in an initial public offering (IPO). The blank cheque company, led by CEO and chairman Jie Weng, the director of private equity and… Continue reading Asia-focused SPAC Aquaron Acquisition files for $50m US IPO …
Category: Tech News
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Singapore’s OCBC hit by $240m extra capital requirement for phishing scam
Singapore‘s central bank said it has asked Oversea-Chinese Banking Corp Ltd (OCBC) to keep an additional S$330 million ($240 million) in capital for operational risk after hundreds of its customers were hit by an SMS phishing scam in December. “OCBC is required to apply a multiplier of 1.3 times to its risk-weighted assets for operational risk. This translates to an additional amount of approximately S$330 million in regulatory capital,” the Monetary Authority… Continue reading Singapore’s OCBC hit by $240m extra capital requirement for phishing scam
S Korea’s VIG Partners sees opportunities in “uncrowded” mid-market buyouts space
South Korea’s VIG Partners believes the mid-market buyouts segment, in which it operates, is still not crowded, compared with the large-cap buyouts space, leaving a lot of opportunities open for the firm. Chulmin Lee, managing partner at VIG Partners, told DealStreetAsia in an interview that mid-market deal flow comes from family businesses that do not… Continue reading S Korea’s VIG Partners sees opportunities in “uncrowded” mid-market buyouts space
Employees keep the faith in Indian startups despite layoffs, but more cautious now
A raft of recent layoffs at Indian startups has done nothing to dent their popularity in the job market. People are still keen on working for startups, albeit with an eye on their business sustainability, according to employees, employers and industry experts interviewed by DealStreetAsia. Over the last month alone, many contractual and full-time employees… Continue reading Employees keep the faith in Indian startups despite layoffs, but more cautious now
It’s hard to believe Google Drive’s just now getting copy / paste shortcuts
Google has announced that it’s adding the ability to use keyboard shortcuts to cut, copy, and paste files in Drive, as long as you’re using Chrome. The feature will use th— okay, hold on just a minute here. Are you really trying to tell me that we couldn’t already do this? Sure enough, when I… Continue reading It’s hard to believe Google Drive’s just now getting copy / paste shortcuts
Tesla moves to expand Gigafactory Berlin on new 250-acre land
Tesla has started to officially move to expand Gigafactory Berlin on a new 250-acre lot with the submission of the construction plan to the municipality. The automaker has just started production at the factory, and it is still having issues ramping things up, but that’s not stopping the company from already expanding the plant. Tesla… Continue reading Tesla moves to expand Gigafactory Berlin on new 250-acre land
UAE Official Says Murder Should Be Illegal in the Metaverse
During a speech at the World Economic Forum in Davos, Switzerland, the United Arab Emirates’ minister of state for artificial intelligence Omar Sultan Al Olama warned that committing serious crimes including “murder” should be made illegal in the metaverse. “If I send you a text on WhatsApp, it’s text right?” Al Olama said, as quoted… Continue reading UAE Official Says Murder Should Be Illegal in the Metaverse
Microsoft Exec Accused of Watching VR Porn in Front of Employees
Bizarre. Not Cool Microsoft’s team meetings sound like a nightmare. In a new Insider investigation, dozens of employees claim misconduct is rampant at the software giant, and often excused for the “golden boys” who make the company the most money. The report alleges that an executive named Alex Kipman, who leads a team that CEO Satya Nadella… Continue reading Microsoft Exec Accused of Watching VR Porn in Front of Employees
Get Great Deals on Tech, Mattresses, and Home Goods During Amazon’s Memorial Day Sale
Amazon has kicked off its Memorial Day Weekend sale early, with thousands of items discounted to their lowest prices of the season. Nobody wants to spend their precious time off combing through every possible deal, which is why we’ve done the work for you. Below are the best items from Amazon’s Memorial Day Weekend sale… Continue reading Get Great Deals on Tech, Mattresses, and Home Goods During Amazon’s Memorial Day Sale
Google Urged to Stop Tracking Location Data Ahead of Roe Reversal
More than 40 Democratic members of Congress called on Google to stop collecting and retaining customer location data that prosecutors could use to identify women who obtain abortions. “We are concerned that, in a world in which abortion could be made illegal, Google’s current practice of collecting and retaining extensive records of cell phone location… Continue reading Google Urged to Stop Tracking Location Data Ahead of Roe Reversal