The EU is taking China to the World Trade Organization for alleged patent infringements that are costing companies billions of euros, as part of what officials in Brussels claim is a “power grab” by Beijing to set smartphone technology licensing rates. Businesses, including Sweden’s Ericsson, Finland’s Nokia and Sharp of Japan, have lost money after…
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Chinese food delivery giant Meituan shed $26bn in value on Friday after regulators said they would push to lower the fees food platforms can charge restaurants for delivery. China’s latest crackdown comes amid a flurry of government restrictions added to the country’s tech sector over the past year, which have mainly been aimed at reining…
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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Home truths from Martin Vander Meyer Market turmoil is the dominant subject in the Spectator’s weekly look at financial matters. Incidentally today’s Sunday Telegraph also contained an interview with Peter Smith the American boss of the Uk’s largest digital coin exchange Blockchain .com. who bemoans the lack of innovation in NFT’s by the FTA that…
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The semiconductor industry has long struggled with a notorious cycle of booms and nasty downturns. Now though, the industry is confident of beating the patterns of the past to extend what is an extraordinary run for the sector. The industry, which reported a 26.2 per cent jump in sales to an all-time high of $555.9bn…
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Palantir says that it is built for bad times. Such fortitude is needed right now. Uninspiring guidance and ongoing lack of profit from a company founded nearly two decades ago are taking their toll. On Thursday, the share price fell 16 per cent. On an enterprise value/sales ratio, Palantir is back to the level it…
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Tesla has accused the Securities and Exchange Commission of going “beyond the pale” and harassing its chief executive Elon Musk over his compliance with a 2018 agreement on his use of social media, the latest salvo in a lengthy dispute between Musk and the US stock market regulator. Earlier this month the electric carmaker revealed…
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This article is an on-site version of our #techFT newsletter and is usually available only with a Premium subscription. Are you currently a Standard subscriber? Click here to switch your subscription to Premium. Not yet a subscriber? You can take out a Premium subscription here Putting a value on the roles played by top tech…
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US financial technology company Circle said on Thursday that its planned deal to list on Wall Street via a blank cheque company chaired by former Barclays chief Bob Diamond has doubled in value to $9bn. The group, which runs the US dollar-pegged stablecoin USD Coin, announced it was pushing ahead with plans to combine with…
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Sequoia Capital, one of Silicon Valley’s most influential venture capital groups, plans to move deeper into cryptocurrency markets, earmarking at least $500mn for investments in digital assets. The California-based firm announced on Thursday that it had set aside between $500mn and $600mn for a new fund that would primarily invest in cryptocurrency tokens traded on…
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