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SoftBank Sells VC Unit to Masayoshi Sons Brother Amid Tech Slump
SoftBank Ventures Asia is one of the several investment arms of SoftBank, one of the largest telecommunications and internet companies in Japan. SBVA has invested in a number of tech…
Ford Expects $3B Loss From EV Division This Year
One would think that the automotive industry is a profitable sector, with companies like Ford raking in billions of dollars each year. However, that is not always the case. In…
RBI Penalizes Amazon Payments for Violations in India
The Indian central bank’s decision to fine Amazon Pay’s India unit is a sign that the company is not taking its obligations to obey local rules surrounding know your customer…
Affirm Stock Plunging as 500 Jobs and Crypto Unit Cut Amid Earnings Miss
CEO Max Levchin takes ‘full responsibility’ for layoffs decision In 13 hours, Mary Ann will have completed her GCSEs. She is congratulated by her friends and family, who are all…
India Central Bank Orders SBM Local Unit to Halt Outgoing Money Transfers
The ban from the Reserve Bank of India (RBI) on outward remittance services will likely have a detrimental effect on SBM Bank India and other fintech partners that offer such…