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Wednesday, June 26, 2024
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Fintech startup Ramp raises $150 million as valuation recovers

By Krystal Hu (Reuters) - Ramp, a developer of finance and expense management software for companies, has raised $150 million in a funding round led by Khosla Ventures and Founders Fund, the company

Crown Castle beats site rental revenue estimates on steady demand

(Reuters) - Wireless tower operator Crown Castle beat Wall Street estimates for first-quarter site rental revenue on Wednesday, helped by steady demand for its wireless infrastructure services. The

New Cadence supercomputers aim to speed creation of chips, software

By Stephen Nellis (Reuters) - Cadence Design Systems on Wednesday introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other

Fintech Revolut bets on Mexico growth, expects remittances as driver

By Diego Oré MEXICO CITY (Reuters) -Financial technology company Revolut expects strong growth prospects in Mexico where it aims to dedicate more than $100 million this year, the firm's top local

Google lays off employees, shifts some roles abroad amid cost cuts

(Reuters) - Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs

Exclusive-Billing software firm Zuora explores sale after takeover interest, sources say

By Milana Vinn NEW YORK (Reuters) -Zuora, which makes subscription management software for businesses, is exploring options that include a sale after receiving acquisition interest from potential

Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say

By Foo Yun Chee and Yuvraj Malik (Reuters) -EU antitrust regulators have concluded that Microsoft's $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on

Fintech Revolut eyes more than $100 million in Mexico investments in 2024

MEXICO CITY (Reuters) - London-based financial technology company Revolut aims to invest more than $100 million in Mexico this year, the firm's top local executive told Reuters on Wednesday. Mexico

Meta, others should give users free option without targeted ads, EU privacy watchdog says

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms and other large online platforms should offer users the option to use their services for free without targeted advertising, the EU privacy watchdog

US, Italy agree to work together to counter spread of misinformation

By Angelo Amante CAPRI, Italy (Reuters) - The United States and Italy agreed on Wednesday to coordinate efforts to counter the spread of misinformation and fake news articles by foreign governments.

On Camera

Deepika Padukone isn’t faking her pregnancy. Internet ‘critics’ need a refresher on biology

One of the comments on her recent picture, read: “She is not able to do the role of a pregnant woman properly”. It's a nasty cocktail of misogyny and an ignorance of basic human biology.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

India’s 15-yr quest for anti-tank missile: Israeli Spike, DRDO option, back to US for Javelin talks

Recent high-profile visit was of US National Security Adviser this month during which a number of key issues, including military cooperation, was discussed by both sides.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.