Indian payments firm BharatPe to overhaul governance framework, sack several employees

Indian payments startup BharatPe said on Tuesday its board had recommended several measures, following a corporate governance review, including termination of several employees and vendors and filing criminal cases against them for misconduct.

newspaper

10-05-2022

Sony's Q4 operating profit more than doubles, helped by gaming

TOKYO (Reuters) -Japan's Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by a strong performance at its gaming and network services business.

newspaper

10-05-2022

Stablecoin Terra's broken dollar peg hits wider crypto markets

TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time in 10 months.

newspaper

10-05-2022

Renault sees a double digit margin for its Mobilize brand in 2027

French carmaker Renault said it was targeting a double-digit margin for its new Mobilize brand, which proposes new solutions around mobility and data, and that 'Mobilize' would aim to represent 20% of Renault's overall group turnover by 2030.

newspaper

10-05-2022

Japan's Opn raises $120 million, becomes rare unicorn

TOKYO (Reuters) -Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more than $1 billion, in Japan.

newspaper

10-05-2022

Cryptoverse: Buying the dip? Bitcoin's a rates rookie

Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop.

newspaper

10-05-2022

Germany prepares crisis plan for abrupt end to Russian gas - sources

BERLIN (Reuters) -German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters.

newspaper

10-05-2022

Exclusive: Tesla halts most production at Shanghai plant on Tuesday - memo

Tesla Inc has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory.

newspaper

10-05-2022

India's inflation likely accelerated to an 18-month high in April: Reuters poll

India's retail inflation likely surged to an 18-month high in April, largely driven by rising fuel and food prices and staying well above the Reserve Bank of India's upper tolerance limit for a fourth consecutive month, a Reuters poll found.

newspaper

10-05-2022