Bending Spoons, the Milan software group that owns Vimeo, WeTransfer and Evernote, has priced its US initial public offering above the marketed range to raise $1.68bn. The company and existing shareho [...]
Aconsortium of more than 140 financial and technology companies, among them Visa, Mastercard, Stripe and Coinbase, launched a new dollar-pegged stablecoin on Tuesday called Open USD. The venture, run [...]
Lime has priced its US initial public offering at $25 a share, according to Bloomberg News. That is the midpoint of the $24 to $26 range the company had marketed. The offering raised roughly $174m in [...]
South Korea’s competition regulator has accused Google of abusing its dominant position in the Android app market, and signalled it will recommend corrective measures and a financial penalty. The Ko [...]
Asia’s factories grew again in June, and the global scramble for AI hardware is doing much of the lifting, according to survey data published this week. Brisk demand for chips, servers, and data-cen [...]
The US Commerce Department has lifted the export controls it placed on Anthropic’s most advanced models, ending a roughly three-week freeze that had pulled the company’s Claude Fable 5 offline. Re [...]
Microsoft is preparing to cut under 2.5% of its workforce in another round of layoffs, according to a Business Insider report picked up on Tuesday. The reductions could be announced as soon as next we [...]
Apple chief executive Tim Cook and the European Union’s technology chief spoke by video call on Monday, and both sides came away describing the exchange as “constructive”. That word is doing a l [...]
CBC plans to raise its annual technology spending to more than $771mn, according to Bloomberg, as Singapore’s second-largest lender leans harder into AI and digital banking. The increase marks one [...]