regulation

14 Aug

David Tepper Sticks to China Bet While Trimming Nvidia Holdings

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, BAIDU INC - SPON ADR, china, David Alan Tepper, E-commerce, JD.COM INC-ADR, KE HOLDINGS INC-ADR, Michael James Burry, NVIDIA CORP, regulation, Technology

Billionaire investor David Tepper held about steady in the Chinese companies that he scooped up earlier this year, even as he trimmed his stakes in Alibaba Group Holding Ltd. and US tech giants.While Tepper’s Appaloosa Management cut its stakeBloomberg Terminal in Alibaba by about 7% in the second quarter, the Chinese e-commerce giant remains the fund’s biggest position, accounting for 12% of its $6.2 billion equity portfolio, according to a 13F regulatory filing Wednesday. Source link lol

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14 Aug

Apple to Open Payment Chip to Third Parties and Charge Fees

stp2y0 CommentsRAG modelsAPPLE INC, Australia, brazil, europe, Government, ios, iphone, privacy, regulation, software, Technology

Apple Inc. will begin letting third parties use the iPhone’s payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform.The move, announced Wednesday, follows years of pressure from regulators, including those in the European Union. Apple said it will allow developers to use the component starting in iOS 18.1, an upcoming software update for the iPhone. The payment chip relies on a technology called NFC, or near-field communication, to share information when the phone is near another device. Source link lol

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14 Aug

Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

stp2y0 CommentsRAG modelsAsia, Debt, Emerging Markets, finance, Government, india, Markets, regulation, startups, supreme court, Technology

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Troubled education-technology startup Byju’s is back facing a potential insolvency after India’s top court ordered a stay on a ruling that allowed it to avert bankruptcy. Source link lol

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14 Aug

EON Boosts Spending on Energy Transition as Europe Electrifies

stp2y0 CommentsRAG modelsDecarbonization, Earnings, europe, germany, Government, industries, infrastructure, Leonhard Birnbaum, Markets, regulation, Taxes, Technology, Utilities

EON SE ramped up investments more than 20% in the first half as the German utility expands a massive network of cables that’s helping to drive the energy transition. As one of Europe’s largest distribution-grid operators, EON plays a key role in the economy’s electrification. The continent aims to be climate-neutral by the middle of the century, an endeavor that requires a huge build-out of grids so that millions of clean-energy generators can be connected. Source link lol

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13 Aug

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

stp2y0 CommentsRAG modelsEarnings, Government, INTEL CORP, IPOs, japan, jobs, Markets, regulation, SOFTBANK GROUP CORP, Technology, Utilities

Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol

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13 Aug

Coinbase Returns to Hawaii Seven Years After Exiting Market

stp2y0 CommentsRAG modelsbitcoin, blockchain, business, COINBASE GLOBAL INC -CLASS A, cryptocurrencies, cryptocurrency, Faryar Shirzad, Hawaii, Markets, policy, regulation, SEVEN, Technology, US Securities and Exchange Commission

After a seven-year absence, Coinbase Global Inc. said it will resume offering crypto services to residents of Hawaii, the only state where it didn’t operate. The biggest US digital-asset exchange credited changes in local regulatory guidance with its decision to return to the Aloha State, which is home to about 1.4 million people. Hawaiians will now be able to trade cryptocurrencies and earn interest on their holdings through staking, a process where tokens are used to facilitate blockchain transactions, the San Francisco-based company said in a blog post Tuesday. Source link lol

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13 Aug

Shein Hires Former EU Official to Bolster Lobbying as IPO Nears

stp2y0 CommentsRAG modelschina, Christian Democratic Union of Germany, environment, europe, germany, IPOs, london, Markets, PDD HOLDINGS INC, policy, regulation, Technology

Shein has enlisted a former top European Union official to bolster its lobbying efforts across the region, taking a more active stance toward potential regulatory scrutiny as it plans a stock market debut in London.The online fashion retailer hired former EU budget commissioner Günther Oettinger as a consultant to help it navigate the bloc’s policy environment, a company representative said. Shein faces a raft of issues including a debate whether to impose customs duties on cheap parcels — a potential game-changer for Shein and other low-cost online retailers like PDD Holdings Inc.’s Temu. Source link lol

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13 Aug

UK Plans Grid Links to Speed Floating Offshore Wind Farms

stp2y0 CommentsRAG modelsclimate change, Decarbonization, design, ESG Concerns, Government, regulation, renewable energy, Technology, United Kingdom, Wind Energy

The UK’s electricity system operator has designed a plan to connect three proposed floating offshore wind farms with the grid, as the country’s decarbonization drive picks up speed.National Grid ESO has planned the links for 4.5 gigawatts of floating offshore wind in the Celtic Sea, an area of the Atlantic Ocean off the coast of South Wales and southwest England. The connections have been designed before seabed leasing takes place for the wind farms, which will generate enough power to supply 4 million homes. Source link lol

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13 Aug

Meta Faces Legal Challenge From Polish Billionaire Over Fake Ads

stp2y0 CommentsRAG modelsartificial intelligence, cryptocurrency, europe, INPOST SA, META PLATFORMS INC-CLASS A, Poland, Rafal Piotr Brzoska, regulation, social media, Technology, Twiggy Forrest

Polish billionaire Rafal Brzoska won an injunction temporarily banning Meta Platforms Inc. from publishing fake ads that use images of him or his wife Omena Mensah in Poland. Brzoska, the founder and chief executive officer of Amsterdam-listed InPost SA parcel locker company, said in an interview that the Polish Personal Data Protection Office’s three-month ban announced last week on ads that use images of him or his wife to lure people into fraudulent investment platforms was only the beginning. Source link lol

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13 Aug

India Watchdog to Withdraw Report Accusing Apple of Market Abuse

stp2y0 CommentsRAG modelsAPPLE INC, apps, china, europe, Government, india, japan, regulation, smartphone, South Korea, Technology

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.India’s antitrust regulator will withdraw a report that found Apple Inc. abused its dominance of the domestic market, backtracking for now from its high-profile investigation into the US company. Source link lol

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