SoftBank’s Latest Unicorn Set to Be Fish Startup From Indonesia
Indonesia’s eFishery is in advanced talks for a funding round that would boost its valuation to $1.2 billion, defying a tumultuous period for tech startups globally.
Bloomberg Tech
Europe Car Sales Rise the Most in Almost Two Years as Supply Recovers
Auto sales in Europe jumped the most since May 2021 as supply of key components including semiconductors continues to improve.
Taiwan’s Battery-Swapping Stations Now Double As Mini Power Plants
Around 2,500 of Gogoro’s stations for electric two- and three-wheelers will be able to provide power to the grid when demand spikes.
Malaysia’s Exports Contract for the First Time in 31 Months
Malaysia’s exports declined in March, marking the first contraction since August 2020 amid slowing global demand.
Putin’s Back Door for Whisky, Cognac Gives Distillers a Headache
International spirits brands that halted supplies of premium liquor to Russia have lost control over whether their stock is sold there, thanks to a government scheme allowing drinks imports without the trademark owners’ consent.
Fox’s $787.5 Million Settlement Gives PE Firm 1,500% Return
The biggest winner from Fox News’ $787.5 million settlement with Dominion Voting Systems Inc. is a New York private equity firm that’s walking away with a return on its investment of more than 1,500%.
Fox’s Dominion Payout Gives Private Equity Firm 1,500% Return
The biggest winner from Fox News’ $787.5 million settlement with Dominion Voting Systems Inc. is a New York private equity firm that’s walking away with a return on its investment of more than 1,500%.
Russian Memo Said War Leaves Moscow Too Reliant on Chinese Tech
Senior Russian officials privately raised concerns some 10 months ago about the risks of becoming too dependent on Chinese technologies after sanctions by the US and the European Union shut off access to alternative suppliers.
Kim Jong Un Calls for Spy Satellite Launch in Face of US Threat
North Korean leader Kim Jong Un ordered the launch of a military spy satellite, a move that could allow him to keep an eye on US allies as well as advance his state’s ability to deliver a nuclear warhead to the American mainland.
US Prosecutors Say Ex-NFL Investor Should Get Seven Years in Crypto Scam
A former minority owner of the National Football League’s Minnesota Vikings should spend seven years behind bars and forfeit more than $740 million after admitting he helped cryptocurrency exchanges avoid money-laundering rules, prosecutors told a federal judge in New York.