Farhan

The U.S. Justice Department is preparing an antitrust lawsuit to block software maker Adobe Inc‘s $20 billion bid for cloud-based designer platform Figma, Bloomberg News reported on Thursday, citing people familiar with the matter. The lawsuit could come as early as next month, Bloomberg reported. Responding to the report, Adobe said it and Figma were […]

Lucid Group Inc said it expects to make at least 10,000 cars this year, as the company looks to capture a larger chunk of the electric-vehicle market amid a price war started by Tesla Inc. Lucid expects to produce 10,000 to 14,000 of its luxury electric vehicles in 2023, up from 7,180 cars it made

EU antitrust regulators have set a March 28 deadline for their decision on Alphabet unit Google‘s acquisition of Croatian maths app Photomath, according to a European Commission filing. The EU competition enforcer can clear the deal with or without remedies after its preliminary review or open a four-month investigation if it has serious concerns. “We

European crypto asset manager CoinShares blamed market turbulence for a 97% fall in full-year income and said it lost 26 million pounds ($31 million) in the collapse of major exchange FTX, CoinShares said. The crypto market plummeted in 2022, as rising rates and a series of bankruptcies at high-profile crypto firms prompted investors to ditch

Snap, the parent company of Snapchat, is reportedly planning to unveil its new ‘augmented reality (AR) for businesses’ project, at its annual developer summit in April or perhaps even sooner. According to the sources, the concept is to enable AR shopping on clothes brands’ websites by utilising Snap’s virtual try-on technology and 3D asset management,

Cloud computing company VMware Inc and chipmaker Broadcom Inc extended the date by which their $61 billion merger is to be completed by 90 days, according to a regulatory filing. The new “outside date” for the deal is May 26, the filing said. The Broadcom-VMware deal was one of the biggest announcements globally in 2022,

Tokyo, Japan‘s space agency said that the new flagship H3 rocket failed to lift off as scheduled on the day due to an ignition failure. Japan’s first H3 rocket failed to launch from the Tanegashima Space Center in Kagoshima prefecture on Friday morning after the booster engines were unable to ignite, according to the Japan

Ride-hailing application Cabify will end its operations in Ecuador in mid-March after a “constant process of analysis” on the market, the company said. Cabify, which has operations in a handful of other Latin American countries and Spain, said in a statement that the decision would cut its services in the cities of Quito and Guayaquil

Swedish mining gear maker Sandvik has received an order for 19 battery-electric vehicles from Norwegian iron ore producer Rana Gruber, the two companies said. The agreement supports Rana’s aim to operate the world’s first carbon-free iron ore mine by the end of 2025, and to lower its operational costs, the Norwegian group’s Chief Executive Officer

Walmart Inc plans to close three of its US technology hubs and has asked hundreds of workers to relocate to keep their jobs, the Wall Street Journal reported citing an internal memo. The big-box retailer will close offices that house technology staff in Austin, Texas; Carlsbad, California; and Portland, Oregon, the report said, citing the