Musk Tells SolarCity Trial That Tesla Would ‘Die’ If He Wasn’t CEO
Elon Musk insisted in court that Tesla Inc’s(TSLA.O)board controls the company but also said the electric vehicle maker would “die” if he wasn’t the chief executive, as he ended his…
Nasdaq, S&P 500 Scale New Peaks As Focus Turns To Earnings, Economic Data
Wall Street’s main indexes rose on Monday, with the Nasdaq and the S&P 500 hitting record highs, as investors awaited the start of the second-quarter earnings season and a batch…
U.S. Asks Court To Dismiss Government Appeal Of TikTok Ruling
The Biden administration on Monday asked a federal appeals court to dismiss the Justice Department’s legal challenge to court rulings that barred a Trump-era effort to ban new downloads of…
Walmart’s Flipkart Raises Fresh Funds For $38 Billion Valuation As IPO Looms
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp (9984.T) as an investor in a $3.6 billion funding round, doubling the Indian online retailer’s valuation to $37.6 billion in…
Factbox: Richard Branson: Daredevil Billionaire Entrepreneur Set To Fly To Space
Flamboyant British entrepreneur Richard Branson is set to fly to space on a Sunday test flight by his Virgin Galactic Holdings Inc (SPCE.N), beating fellow aspiring billionaire astronaut and Amazon.com…
Billionaire Branson Soars To Space Aboard Virgin Galactic Flight
British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic rocket plane and safely returned in the vehicle’s first fully…
Instacart Taps Facebook App Head Simo As CEO
Instacart named Facebook Inc (FB.O) app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of an expected stock market listing by the U.S.…
French Anti-Trust Decision On Google’s Copyright Talks With Publishers Due In Coming Days
France’s anti-trust watchdog will make a decision in the coming days over the way Google (GOOGL.O) held copyright talks with some French publishers about paying for news content, the watchdog’s…
Fintech Circle To Merge With Bob Diamond-Backed SPAC In $4.5 Bln Deal
Circle, which provides payments infrastructure for digital currencies, said on Thursday it would go public in a blank-check merger deal that values it at $4.5 billion, at a time crypto…
Facebook ‘Lost’ Important Rule On Dangerous Individuals For Three Years – Oversight Board
Facebook “misplaced” guidance on an important exemption to its rules on dangerous individuals and organizations for three years, the company’s independent oversight board said on Thursday. The board, which was…
Teamviewer Sees Weaker Q2 Billings Growth, Retains Guidance
Remote connectivity software specialist Teamviewer (TMV.DE) on Thursday reported weaker-than-expected billings growth in the second quarter but stood by its full-year outlook due to strong trading in June. Billings growth,…
S.Korea’s Samsung SDI Considers Building Battery Cell Plant In U.S.
South Korea’s Samsung SDI Co (006400.KS) may build a battery cell plant in the United States to support the auto industry’s shift to electrification, a company source with close knowledge…
Robinhood IPO Faces Threat Of Retail Snub On Reddit
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on…
Factbox: Bezos, Branson And Musk: Who Is Winning The Space Tourism Race?
Three billionaire entrepreneurs – Jeff Bezos, Elon Musk, and Richard Branson – are each vying to usher in a new era of private commercial space travel. Here is how their…
TikTok Lets Users Apply For Jobs With Video Resumes
Short-video sharing app TikTok on Wednesday launched a pilot program that lets users upload video resumes for U.S.-based jobs ranging from a WWE Superstar to a senior data engineer at…
Dozens Of U.S. States Sue Google Alleging Antitrust Violations
Dozens of U.S. state attorneys general filed an antitrust lawsuit in federal court against Alphabet Inc’s (GOOGL.O) Google on Wednesday, according to an entry in the court docket. The lawsuit…
A Top European Drone Maker Fears It May Get Blacklisted By China Amid Geopolitical Tensions
The boss of French drone maker Parrot believes that China could blacklist his company in the same way that the U.S. government blacklisted rival Chinese firm DJI. Henri Seydoux, the…
Windows 11 Will Look Different From What You’re Used To — Here Are Some Of The Biggest Changes
With Windows 11, Microsoft is introducing modern touches to the experience of using a PC. Most noticeably, a new design is meant to help users more quickly get what they’re…
Apple Warns Of The Perils Of Installing Rogue Apps Ahead Of Antitrust Debate In Congress
Apple argued Wednesday that allowing iPhone users to install software from outside its App Store — a practice called sideloading — would open up its customers to ransomware, pirated software…
Nigerian President Tells MTN To Slash Data Tariffs, Improve Quality Of Service
Ghana’s biggest cocoa harvest in a decade is spurring record domestic borrowing by the industry regulator of the world’s no. 2 cocoa producer. Ghana Cocoa Board has sold 11.7 billion…
Proposed Introduction Of Digital Currency Excites Nigerians
The undoubted groundswell of support for the introduction of digital currency by the Central Bank of Nigeria (CBN) after many years of dithering has been greeted with loud applause by…
Coinbase-backed Crypto Trading Firm Hits $1 Billion Valuation After Fresh Funding
Amber Group, a cryptocurrency financial services firm, has raised $100 million as investors rush to back companies in the industry. The fresh funding round values the Hong Kong-based start-up at…
Ex-Facebook VR Exec Says He’ll Turn U.S. Troops Into ‘Invincible Technomancers,’ Just Raised $450 Million
Anduril founder Palmer Luckey announced Thursday that his start-up has raised an additional $450 million in funding, which will be used to “turn allied warfighters into invincible technomancers.” The company…
FG Seeks Law To Regulate Social, Online Media
The federal government has asked the house of representatives to enact a law to regulate social and online media in Nigeria. At a public hearing organised by the house on…
Telcos Kick As Govt Mulls Excise Tax On Airtime
The federal government has unveiled a fresh plan to introduce excise duty on telecoms’ airtime charges. A report yesterday by Reuters said Nigeria was considering introducing an excise tax on…
Deployment Of Green Technology Will Guarantee Zero Gas Flares’
The deployment of green technology in Nigeria’s oil and gas industry would ensure that no gas is lost through flaring across oil fields in the country, said the Managing Director,…
Twitter Ban Blocks Nigerian Businesses
Ogechi Egemonu says she was selling more than $1,200 worth of watches, shoes and handbags on Twitter every week. That was until the Nigerian government suspended the social media site.…
Electric Truck Maker Lordstown Motors Shares Slide After CEO And CFO Resign
Lordstown Motors said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned. The announcement came days after the electric truck maker warned that it had “substantial doubt” about…
Microsoft Employees Slept In Data Centers During Pandemic Lockdown, Executives Says
Microsoft employees slept in the software company’s data centers during the height of the coronavirus pandemic, an executive said on Wednesday. While many top technology companies directed their employees to…
Apple envisions a smart home where users can unlock the front door with their iPhone
Apple introduced several new features for its smart home initiative at its annual WWDC conference, including a way to unlock your front door with an iPhone through a digital key…