US judge orders Apple to face antitrust lawsuit by payment card issuers for over the Apple Pay mobile wallet
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Toshiba Approves $14bn Private Equity Takeover
Japanese conglomerate Toshiba set to go private after successful $14 billion offer from private equity firm JIP
ARM Shares Soar 25 Percent After Nasdaq Listing
Successful public listing for ARM Holdings in the US after its shares rise 25 percent above Nasdaq debut price
ARM Holdings IPO Values Firm At £43.6 Billion
Ahead of its shares listing on Thursday, British chip designer ARM Holdings secures a market value of $54.5bn (£43.6bn)
Apple And ARM Sign Long-Term Chip Deal
Apple has struck a deal with ARM through 2040 and “beyond,” to allow iPhone giant access to the British chip designs
Binance Product Head Resigns Amid US Investigation
Binance's global head of product resigns, amid a number of executive departures, job losses, and US regulatory lawsuit
ARM Signs Up Major Tech Firm Investors, Prices IPO
Apple, Alphabet, Intel, Samsung etc sign up as investors in ARM's upcoming IPO, as management lowers listing valuation
Mastercard Ends Binance Card Partnership
Latest blow to crypto giant as Mastercard ends Binance-branded cards in certain regions, following similar move by Visa
Nvidia Reaps AI Chip Demand As Profit Surges
Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips
FTX’s Sam Bankman-Fried Surviving On ‘Bread And Water’
Jail is not agreeing with vegan Sam Bankman-Fried, as lawyers express concern about access to suitable food, medicine in Brooklyn jail
SoftBank Acquires Vision Fund ARM Stake At $64bn Valuation
Japan's SoftBank acquires 25 percent ARM stake from its Vision Fund unit in deal that values UK chip designer at $64bn, ahead of planned IPO
PayPal To Pause UK Crypto Sales Until 2024
As UK regulator readies crypto advertising rules, PayPal says it will “temporarily pause” British users from buying cryptocurrencies
UK Launches £1 Billion FinTech Fund
FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing
Vietnam’s VinFast Car Maker Overtakes GM, Ford After IPO
Shares in VinFast surge 270 percent after IPO, valuing Vietnam’s car manufacturer ahead of Ford and General Motors
Foxconn Touts ‘Billions’ Of Dollars Investment In India
Apple iPhone maker Foxconn suggests it may invest billions of dollars in India, a month after withdrawing from planned chip fab
Binance Seeks Protection From US Financial Regulator
Crypto exchange Binance files for court protective order against US SEC, alleging regulator requests were “unduly burdensome”
FTX’s Sam Bankman-Fried Sent To Jail Over Witness Tampering
FTX's Sam Bankman-Fried sent to jail in the US after judge revokes his $250 million bail over witness tampering
Apple, Amazon In Talks To Invest In ARM – Report
Amazon and Apple reportedly in talks with British chip designer ARM Holdings to be 'anchor investors' before September IPO
Kenya Halts Worldcoin Data Collection, Citing Privacy
Setback for Sam Altman's Worldcoin cryptocurrency project in Africa, as Kenya halts its iris-scanning data collection scheme
Apple Shares Fall, Amid Weak iPhone Sales
Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes
ARM Targets $60 Billion Valuation For IPO
Owner Softbank seeks valuation of $60 to $70 billion for September IPO of British chip designer ARM Holdings
Campaign Finance Charge Against FTX’s Sam Bankman-Fried Dropped
Federal prosecutors drop another charge against FTX co-founder Sam Bankman-Fried, due to extradition agreement with Bahamas
Samsung Extends Chip Production Cuts After $7 Billion Loss
Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the worse is over
Listed US Firms Must Disclose Cyber Breaches In Four Days
US financial regulator adopts new rules to require publicly traded companies to disclose hacking incidents in just four days
Alphabet CFO Steps Aside, As Q2 Profit Beats Expectations
CFO Ruth Porat to take charge of Google's 'Other Bets' portfolio, as second quarter profit beat expectations
Microsoft Signals Heavy AI Spending, Amid Healthy FY23 Results
Software giant beats Wall Street Q4 expectations, as firm details heavy spending to meet demand for AI services
FTX’s Sam Bankman-Fried Sued For More Than $1Bn
FTX files lawsuit against former CEO, seeking to recoup more than $1 billion, and alleging funds were used to cover his legal defence
Celsius Founder Alex Mashinsky Arrested, Charged
Alexander Mashinsky, founder and CEO of bankrupt Celsius Network has been arrested and charged by US authorities
FCA CEO Warns Of AI Disruption To Financial Services Sector
Head of financial regulator warns of threat posed by AI for online fraud and cyber risk, as UK seeks leadership for AI rules
Nvidia In Talks To Be Anchor Investor In ARM – Report
GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York