Technology

Uber-Backed E-Scooter Startup Lime Enters Japan After Korea Exit
19 Aug

Uber-Backed E-Scooter Startup Lime Enters Japan After Korea Exit

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Uber Technologies Inc.-backed Lime is entering Japan’s growing e-scooter ride market in a foray that pits the San Francisco-based startup against homegrown Luup KK.Lime, which has a global fleet of around 200,000 e-bikes and scooters, on Monday launched its service in some of Tokyo’s most densely populated neighborhoods of Shibuya, Shinjuku, Meguro and Setagaya wards. Lime now has around 200 electric scooters and more than 40 recharging ports. Tokyo-based Luup, which controls more than 90% of the domestic market in terms of ride mileage, operates 9,100 ports. Source link lol
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South Africa’s MTN Has First Loss in Eight Years on Naira Slump
19 Aug

South Africa’s MTN Has First Loss in Eight Years on Naira Slump

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MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group reported a loss of 7.39 billion rand ($414.7 million) in the six months through June, compared with 4.14 billion rand profit a year earlier. The loss is MTN’s first since it had to pay a more than $1 billion fine imposed on the company by the Nigerian government. Source link lol
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As Tech Stocks Rebound, High Hedging Costs Indicate Skepticism
19 Aug

As Tech Stocks Rebound, High Hedging Costs Indicate Skepticism

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The recent rebound in US tech stocks isn’t convincing options traders just yet. While the shares have led market gains since a meltdown earlier this month, the cost of contracts hedging against volatility in the largest exchange-traded fund tracking the Nasdaq 100 Index remains high relative to contracts on the SPDR S&P 500 ETF Trust. Source link lol
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Kim Dotcom Vows to Continue Legal Fight Against Extradition
19 Aug

Kim Dotcom Vows to Continue Legal Fight Against Extradition

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Kim Dotcom, the internet entrepreneur facing extradition from New Zealand, vowed to continue his legal battle after the government confirmed he should face trial in the US.“I love New Zealand. I’m not leaving,” Dotcom posted on X after the news was reported late last week. He told his followers not to worry because he had a plan, without providing any details. Source link lol
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Four Experts Explain How AI Will Change Hollywood
18 Aug

Four Experts Explain How AI Will Change Hollywood

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Good afternoon from 35,000 feet. I am en route to Cape Town for an extended break. The newsletter will continue in my absence; my colleagues are going to pitch in for the next couple of weeks. (If you insist on breaking news in the dead of August, please text me first.)Before I disappear, some additions to this year’s Screentime conference: Source link lol
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Political Turmoil Threatens Baht Resurgence as Traders Await BOT
18 Aug

Political Turmoil Threatens Baht Resurgence as Traders Await BOT

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The Thai baht’s recent rally is under threat as markets digest the nation’s latest political drama ahead of this week’s central bank policy meeting.The baht has been one of the region’s top performing currencies since the start of July - aided partly by a reboundBloomberg Terminal in tourism - after hitting a near two-year low against the dollar in May. The resurgence may be derailed however, following a tumultuous period that included Paetongtarn Shinawatra winning a parliamentary vote to become the new prime minister, while a court ousted her predecessor. Source link lol
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Apple Is Playing the Long Game With Switch From Qualcomm Modems
18 Aug

Apple Is Playing the Long Game With Switch From Qualcomm Modems

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Apple’s move to drop Qualcomm modem chips won’t have a payoff at the outset, but it could set the stage for bigger things later. Also: The company pushes ahead with a tabletop robot; Google’s new Pixel devices show how far ahead it is in AI; and the iPhone payment chip will be opened up to third parties. Source link lol
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