Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Payments firm Melio raises funds at $4 billion valuation
(Reuters) - Melio, a payments platform for small businesses, said on Tuesday it had raised $250 million in a late-stage funding round, tripling its valuation to $4 billion since the start of 2021. The...
Sep 14, 2021
Remittance processor Remitly targets nearly $7 billion valuation in U.S. IPO
(Reuters) -Remittance processor Remitly Inc is aiming for a valuation of nearly $7 billion in its U.S. initial public offering (IPO), a regulatory filing showed on Tuesday. In May, the company had hir...
Sep 14, 2021
China’s Hebei province to clamp down on cryptocurrency mining and trading
SHANGHAI (Reuters) - The cyberspace commission in China's northern Hebei province said it will cooperate with other government departments to crack down on virtual currency mining and trading, the lat...
Sep 14, 2021
Apple expected to unveil new iPhones as part of 5G push
By Stephen Nellis (Reuters) - Apple Inc on Tuesday is expected to show new iPhone and Apple Watch models with slight upgrades, and analysts expect that wireless carriers will play an outsized role in ...
Sep 14, 2021
China aims for ‘civilised’ internet with focus on ‘socialist values’ – Xinhua
SHANGHAI (Reuters) -China will step up efforts to promote a "civilised" internet by strengthening oversight over the likes of news sites and online platforms and encouraging them to promote core socia...
Sep 14, 2021
BAE Systems sees big opportunity in space after UK satellite deal
LONDON (Reuters) -British defence company BAE Systems has high hopes for its space business after acquiring UK-based In-Space Missions on Tuesday, giving it the ability to design, launch and operate c...
Sep 14, 2021
Russia fines Facebook for not deleting banned content
MOSCOW (Reuters) - A Russian court on Tuesday fined U.S. social media giant Facebook 21 million roubles ($288,000) for failing to delete content that Moscow deems illegal, the Tagansky District Court ...
Sep 14, 2021
Russia publishes plan to tax foreign tech, promote home-grown rivals
MOSCOW (Reuters) - The Russian government published a plan on Tuesday to impose new taxes on foreign-owned digital services by November, part of a package of proposals Moscow says are aimed at support...
Sep 14, 2021
SoftBank renews bet on Latin America with $3 billion fund
By Carolina Mandl SAO PAULO (Reuters) - SoftBank Group Corp on Tuesday launched a $3 billion fund to invest in technology companies in Latin America in a bid to build on the success of its initial fun...
Sep 14, 2021
China self-driving firm DeepRoute.ai raises $300 million from Alibaba, others
BEIJING (Reuters) - Chinese autonomous driving startup DeepRoute.ai said on Tuesday it raised $300 million from investors including e-commerce company Alibaba to expand its test fleet and develop tech...
Sep 14, 2021
