(Reuters) – Bitcoin dropped 9.29% to $48,752.15 at 22:01 GMT on Saturday, losing $4,991.54 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 29.3% from the year’s high of $69,000 on November 10. Ether, the coin linked to the ethereum blockchain network, dropped 3.61% to $4,070.52 on Saturday, losing $152.28 from […]

(Reuters) – Bitcoin dived 12.14% to $47,176.09 on Saturday, losing $6,567.6 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 31.6% from the year’s high of $69,000 reached on Nov. 10. Ether, the coin linked to the ethereum blockchain network, dropped 10.14 % to $3,794.61 on Saturday, losing $428.19 from its […]

By Kane Wu HONG KONG (Reuters) – Didi Global said on Friday it will delist from the New York stock exchange and pursue a listing in Hong Kong, the latest development after it ran afoul of Chinese regulators by pushing ahead with its $4.4 billion U.S. IPO in July. Didi’s decision to delist in the […]

By Diane Bartz WASHINGTON (Reuters) – Meta Platforms Inc’s Facebook asked a U.S. court on Wednesday to dismiss and not allow the refiling of an antitrust lawsuit by the U.S. Federal Trade Commission which urges a court to demand that the company sell two big subsidiaries. In its court filing, Facebook argued that the FTC […]

(Reuters) – GlobalFoundries posted a 56% rise in revenue on Tuesday, in its first earnings update after going public in October, as the global semiconductor shortage drives companies to secure supplies of chips used in everything from cars to mobile phones. The company makes silicon wafers for chip designers, such as Advanced Micro Devices and […]

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency products and funds posted record inflows in the first 11 months of the year, as institutional investors flocked into the space despite price declines in the last few weeks, data from digital asset manager CoinShares showed on Monday. Total inflows into the sector were $9.5 billion as […]

DUBAI (Reuters) – Amazon has partnered with Abu Dhabi Investment Office (ADIO) to establish a fulfilment centre by 2024 to be built in accordance with the company’s carbon-reduction strategies, the Abu Dhabi government’s media office said on Sunday The project will create thousands of jobs, boosting Abu Dhabi’s logistics sector and retail ecosystem and will […]

SHANGHAI (Reuters) – Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday. The plant will be constructed in two phases and Xiaomi will also built its auto unit’s headquarters, sales and research offices in the […]

BRUSSELS (Reuters) – Facebook has offered remedies in a bid to secure EU antitrust approval for its acquisition of U.S. customer service startup Kustomer, a European Commission filing showed. Facebook, now Meta Platforms, submitted its package on Wednesday. The EU competition enforcer, which did not provide details of the remedies in line with its policy, […]

By Elvira Pollina MILAN (Reuters) -Telecom Italia’s (TIM) auditors and risk committee will examine its financial health on Thursday ahead of a board meeting which could decide the future of Italy’s biggest phone group and its chief executive, two sources told Reuters. Italy’s former telecoms monopoly has received a 10.8 billion euro ($12 billion) buyout […]