Venture capital: How badly will The Big Chill hit NZ?

The investors who fund startups are pulling in their heads in the US and Australia, and slashing the value of their existing holdings amid rising interest rates, recession fears and a dive in tech stocks on public markets. Industry players say New Zealand might not get hit so hard, however, given that investors here have … Read more

Elon Musk’s legal team has filed its official response to Twitter’s lawsuit

In the answer to Twitter’s complaint, which includes counter-claims against the company, Musk’s team attempts to refute the company’s allegations that the Tesla CEO is unfairly trying to exit the deal. His team repeats allegations that Twitter has misstated the number of fake and spam bot accounts on its platform — a central charge Musk … Read more

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more

Exclusive: Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics

Employees make their way to work at the Samsung factory in Thai Nguyen province, north of Hanoi, Vietnam October 13, 2016. REUTERS/Kham Register now for FREE unlimited access to Reuters.com Register THAI NGUYEN, Vietnam, Aug 4 (Reuters) – Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, … Read more

Twitter queries banks on Musk’s attempts to undermine $44 bln deal

Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register WILMINGTON, Del., Aug 2 (Reuters) – Twitter Inc (TWTR.N) is attempting to find evidence that Elon Musk tried to torpedo the financing … Read more

Shenzhen accelerates China’s driverless car dreams

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street three delivery bikes suddenly dart over the pedestrian crossing ahead of the car. On the car’s dashboard they look like small 3D blue blocks from a 1990s video game. The steering wheel turns itself a notch and the vehicle slows to a gentle halt, … Read more

Wall St ends up sharply for 2nd day; Amazon, Apple jump after hours

US economy contracts in the second quarter Meta Platforms revenue drops for the first time Ford shares gain after results Indexes: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – US stocks on Thursday rallied for a second day, with all three major indexes ending up more than … Read more