By Hannah Lang WASHINGTON (Reuters) – Partnerships between banks and financial technology companies are a net-positive for consumers when done responsibly, the Treasury Department will say in a[...]
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Technology
FTX’s Bahamas unit seeks Chapter 15 bankruptcy protection -filing
(Reuters) – FTX’s Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court filing showed on Tuesda[...]
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Binance CEO Zhao: Significant interest in crypto industry recovery fund
By Rachna Uppal ABU DHABI (Reuters) -Binance Chief Executive Changpeng Zhao said on Wednesday there was significant interest from industry players in a recovery fund his company plans to launch to hel[...]
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Amazon’s cloud computing unit plans to invest 2.5 billion euros in Spain, to support 1,300 jobs
MADRID (Reuters) – Amazon’s cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the coming 10 years, supporting 1,300 full-time jobs in the country, th[...]
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Taiwan president decries ‘rumours’ about the island’s chip investment risk
By Ben Blanchard and Sarah Wu TAIPEI (Reuters) -Taiwan President Tsai Ing-wen has decried what she called “rumours” about the risk of investing in the island’s semiconductor industry[...]
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Cryptoverse: So long, Solana? Ether rival clobbered by FTX crash
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Solana, a poster coin of the crypto future, is in trouble. The cryptocurrency, which had been lauded by FTX’s founder Sam Bankman-Frie[...]
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India’s Tata to open 20 ‘beauty tech’ outlets, in talks with foreign brands
By Aditya Kalra NEW DELHI (Reuters) – India’s Tata Group is planning to open at least 20 “beauty tech” stores where it will use virtual makeup kiosks and digital skin tests to[...]
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FTX creditors may number over 1 million as regulators seek answers
By Akriti Sharma and Daniel Leussink (Reuters) – Collapsed crypto exchange FTX outlined a “severe liquidity crisis” in U.S. bankruptcy filings, which said the group could have more t[...]
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Intel hit with $949 million U.S. verdict in VLSI computer chip patent trial
By Blake Brittain (Reuters) -A federal jury in Texas on Tuesday said Intel Corp must pay VLSI Technology LLC $948.8 million for infringing a VLSI patent for computer chips. VLSI, a patent-holding comp[...]
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