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In a faceoff with Elon Musk, the SEC blinked
WASHINGTON (Reuters) - U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla on Twitter didn't go their way, according to four sources with knowledge of the matter.
Rapid grocery apps take it slowly after Dutch cities push back
Rapid delivery companies have curbed their ambitions in the Netherlands after disgruntled Dutch cities put a halt on the explosive growth of their distribution centers.
Russia's no. 1 mobile operator MTS starts selling used and discounted smartphones
(Reuters) - Russia's biggest mobile operator MTS said on Tuesday it has started selling discounted and used smartphones, offering Russian consumers cheaper alternatives as inflation bites and Western brands suspend shipments.
German grocery app Gorillas to cut staff in search of profit
FRANKFURT (Reuters) - Gorillas will lay off 300 people, cutting its administrative staff in half, as the German grocery delivery app shifts focus from rapid expansion to turning a profit, Chief Executive Kagan Sumer said.
One in ten euro zone households owns crypto-assets -ECB survey
FRANKFURT (Reuters) - One in ten euro zone households have bought crypto-assets such as bitcoin, with the rich only slightly more likely to own some than the poor, a European Central Bank study showed on Tuesday.
Facebook, Instagram to reveal more on how ads target users
Facebook parent Meta said it will start publicly providing more details about how advertisers target people with political ads just months ahead of the US midterm elections.
To use rather than collect, the second coming of NFTs
NFTs have been called everything from fads to outright scams, but early adopters see a future for them as uniquely useful tools for business, health and the arts that goes beyond mere digital collecting.
Palantir, Trafigura aim to track carbon emissions for the oil, metals industry
DAVOS, Switzerland (Reuters) -Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals and concentrates sector.
Samsung to invest $356 billion over five years in strategic sectors
SEOUL (Reuters) - Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said.
‘End of an era’ as New York removes last of its iconic payphone booths
Marking the end of an era, New York City on May 23 removed the last of its storied payphone booths, which have fallen victim to the ubiquity of free WiFi and cellphones in recent years.
