New Zealand plans law to require Facebook, Google to pay for news

By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc’s Google and Meta Platforms Inc to pay New Zealand media companies for the local news content that appears on their feeds. Minister of Broadcasting Willie Jackson said in […]

Indonesia central bank says digital rupiah currency can be used in metaverse

JAKARTA (Reuters) – Indonesia’s central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse. BI launched the design for its digital rupiah last week, following many central banks around the world that are developing so-called central bank digital currencies […]

India plans federal oversight of all real-money online games

By Aditya Kalra, Sarita Chaganti Singh and Aftab Ahmed NEW DELHI (Reuters) – India’s planned regulation of online gaming will apply to all real-money games after the prime minister’s office overruled a proposal to only regulate games of skill and leave out games of chance, according to a government document and three sources. The much-awaited […]

Musk says ‘possible’ that Twitter gave preference to leftists during Brazil election

SAO PAULO (Reuters) – Twitter owner Elon Musk said on Saturday he thought it was “possible” that personnel at the social media firm gave preference to left-wing candidates during Brazil’s election this year, without providing evidence. Musk completed his acquisition of Twitter on Oct. 27, just days before Brazil’s presidential second round runoff vote, when […]

Activision Blizzard game testers vote to form union

By Daniel Wiessner (Reuters) -Workers who test games at Activision Blizzard Inc.’s unit Blizzard Albany have voted to form a union months after the games developer began negotiating with employees at its Wisconsin unit, the first in the company to unionize. The workers based near Albany, New York, voted 14-0 to join the Communication Workers […]

U.S. says Swiss engineering group ABB to pay over $315 million to resolve bribery case

By Kanishka Singh WASHINGTON (Reuters) -Swiss engineering and technology group ABB Ltd agreed to pay more than $315 million to resolve an investigation into a bribery case at a South African state-owned energy company, the U.S. Justice Department said on Friday.  The Justice Department said its resolution was coordinated with prosecutorial authorities in South Africa […]

German government not planning blanket Huawei ban

BERLIN (Reuters) -Germany does not want to follow the United States in generally banning products made by Chinese telecoms equipment makers such as Huawei, but will continue making such decisions on a case-by-case basis, an Economy Ministry spokesperson said on Friday. Berlin’s relationship with Beijing has come under close scrutiny since Russia’s invasion of Ukraine, […]

Three Arrows Capital says its founders still not cooperating with asset recovery

By Dietrich Knauth (Reuters) -Liquidators for bankrupt crypto hedge fund Three Arrows Capital(3AC) said on Friday that the company’s founders are refusing to cooperate with asset recovery efforts, hindering the company’s ability to return funds to creditors. Founders Kyle Davies and Su Zhu are more interested in rehabilitating their reputation than helping their own company’s […]

India’s Maruti says chip shortage to cause bigger hit to Dec production

BENGALURU (Reuters) – Maruti Suzuki India Ltd, the country’s top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months. The company’s production in November, which also saw a “minor impact” due to the shortage, rose 5% year-on-year to 152,786 units, but was […]

Silicon Valley startup beaming electricity wirelessly raises $30 million

By Jane Lanhee Lee REDWOOD CITY, Calif. (Reuters) – Reach Power Inc, a Silicon Valley startup that beams electricity wirelessly, said on Friday it had raised $30 million in a funding round that will help it commercialize its products. While big-dish antennas with high-power sources have been used to demonstrate similar technology in the past, Chris Davlantes, […]