NETSV1

MoneyGram boss says no peak in sight for F1’s U.S. development

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LONDON, Jan 31 (Reuters) – Formulation One’s surging recognition in the USA, turbocharged by hit Netflix docu-series ‘Drive to Survive’, has loads of gasoline left within the tank in accordance with MoneyGram chief govt Alex Holmes. The Dallas-based cash switch and funds firm will begin the 2023 season, which has three grands prix in the … Read more

Premier League indicators NFT cope with SoftBank-backed Sorare

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LONDON, Jan 30 (Reuters) – The Premier League is partnering with French fantasy sports activities platform Sorare to promote non-fungible tokens (NFTs), an indication that the sporting world is constant to embrace digital property regardless of the rout in markets. The deal offers Sorare a four-year license to promote digital sports activities playing cards of … Read more

Spotify to trim 6% of workforce in newest tech layoffs

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Jan 23 (Reuters) – Spotify Know-how SA (SPOT.N) stated on Monday it plans to chop 6% of its workforce and would take a associated cost of as much as practically $50 million, including to the large layoffs within the expertise sector in preparation for a attainable recession. The tech trade is going through a requirement … Read more

This is what Twitter misplaced in promoting income in remaining months of 2022

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NEW YORK/LONDON, Jan 20 (Reuters) – High advertisers on Twitter slashed their spending after Elon Musk’s takeover, in response to estimates compiled for Reuters by analysis agency Pathmatics, within the newest shock to the corporate’s dominant income supply. Fourteen of the highest 30 advertisers on Twitter stopped all promoting on the platform after Musk took … Read more

China’s online game makers are available from the chilly as crackdown eases

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HONG KONG, Jan 20 (Reuters) – China’s finish to a sweeping crackdown on its video video games market is predicted to breathe life again into the battered trade this 12 months, however remaining restrictions on some content material and financial headwinds will restrict the extent of the restoration. Beijing’s powerful curbs in 2021 laid waste … Read more

Wall St dips as tight labor market fuels Fed fear

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Procter & Gamble falls after commodity value strain warning Netflix down forward of quarterly outcomes Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. inventory indexes declined on Thursday after knowledge pointing to a good labor market fueled issues the Federal Reserve will keep its aggressive path … Read more

Microsoft faces EU antitrust warning over Activision deal – sources

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BRUSSELS, Jan 16 (Reuters) – Microsoft (MSFT.O) is more likely to obtain an EU antitrust warning about its $69 billion bid for “Name of Obligation” maker Activision Blizzard (ATVI.O), folks acquainted with the matter stated, that might pose one other problem to finishing the deal. The European Fee is readying a cost sheet referred to … Read more

Shares rise, yen climbs as BOJ battles bond bears

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BOJ underneath intense strain because it defends yield coverage Yen hits 7-mth excessive, yuan climbs as greenback eases Extra earnings forward, many central financial institution audio system Britain’s FTSE flirts with file excessive SYDNEY/LONDON, Jan 16 (Reuters) – Shares firmed on Monday as optimism over company earnings and China’s reopening offset considerations the Financial institution … Read more

China acquires ‘golden shares’ in two Alibaba models

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BEIJING, China, Jan 13 (Reuters) – China has acquired minority stakes with particular rights in two home models of tech big Alibaba Group Holding Ltd (9988.HK), enterprise registration data confirmed, as Beijing extends a marketing campaign to strengthen management over on-line content material. Beijing has been taking ‘golden shares’ in personal on-line media and content … Read more

Startups spring from ashes of Huge Tech purge

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Mass tech layoffs spawn new wave of startups Early-stage VC funding at round report ranges Echoes of dotcom crash that fueled Fb, others Jan 3 (Reuters) – Nic Szerman misplaced his job at Meta Platforms (META.O) in November, simply two months after becoming a member of full-time, falling sufferer to a sweeping 13% discount of … Read more