Finance
Here’s Why Toyota Isn’t Rushing to Sell You an Electric Vehicle
Photo: Elizabeth Blackstock Toyota’s hybrid models have been extremely successful, so you would think the automaker would be quick to embrace full electrification like some of its competitors. However, the automaker seems to be taking a somewhat controversial approach to EVs, and a leaked dealer document about the brand’s electrification strategy lays out exactly why. …
The Race To Save Sam Bankman-Fried’s Other Crypto Exchange
Decentralized exchanges differ from their centralized counterparts (like FTX, Binance, Coinbase, and others) in a few important ways. Most notably, instead of relying on an intermediary to match buyers with sellers, DEXs let users transact on a peer-to-peer basis—and keep custody of their own funds. This arrangement is one example of what’s known as decentralized …
Google, Amazon, Meta’s Ads Divisions Face Breakup With New Bill
Photo: Mandel Ngan (Getty Images) This week, Bloomberg reported that a bipartisan group of lawmakers are inching closer to another big plan to break up big tech. But unlike grandiloquent calls for Meta to divest Instagram or for Google to divest Chrome, this new legislation would force both companies to divest the heart of their …
U.S. to Sanction Companies Providing Technology for Russian Military, Intelligence Services
WASHINGTON—The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services for the military and intelligence services, including dual-use components used in weapons proliferation, U.S. officials said. The Treasury Department sanctions, which could be announced as early as next week, come as the U.S. and allies continue to target a range …
Private-Equity Group Reaches Deal to Buy Medline for Over $30 Billion
A group of private-equity firms reached a deal to acquire Medline Industries Inc. that would value the medical-supply company at more than $30 billion, in one of the largest leveraged buyouts since the financial crisis. The Wall Street Journal reported earlier Saturday that the group was close to a deal after beating out a rival …
G-7 finance ministers strike landmark deal on taxing multinationals, tech giants
LONDON — A landmark deal agreed upon by the world’s richest nations on Saturday will see a global minimum rate of corporation tax placed on multinational companies including tech giants like Amazon, Apple and Microsoft. After two days of talks in London, finance ministers from the Group of Seven, or G-7 nations, said they had …
It’s a Digital World – Embracing Technology in Trade Finance | Sullivan & Worcester
Following Sullivan’s recognition as a Leader in Trade for Innovation by Global Trade Review (GTR) for recent contributions to the digitalisation of trade finance, this is an opportune moment to recap the progress that has been made in this space over the past 18 months. The various local and global lockdowns forced by the COVID-19 …
SB Finance partners with OneConnect Financial Technology to roll-out cloud based financial technology
SINGAPORE, May 18, 2021 /PRNewswire/ — Consumer lending company, SB Finance Company Inc. has signed a strategic partnership with OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions and an associate of Ping An Insurance (Group) Company of China, Ltd., to provide Filipinos with greater accessibility to credit and better …
Horizon Technology Finance Corporation Leads $30 Million Venture Loan Facility for TemperPack
FARMINGTON, Conn., May 10, 2021 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it led a $30 million venture loan facility …
Bend company develops technology to advance hydrogen fuel cells | Local&State
Element 1 founders Robert Schluter and Dave Edlund know a lot about hydrogen gas — and the Bend entrepreneurs are about to share that with the world. After more than a decade, the pair are ready to market their hydrogen fuel cell technology, which can power ships, trains and stationary applications like cellular networks, data …
