Beijing biotech firm banks on GM corn in race to be China’s Monsanto
As China prepares to open its $120 billion corn market to genetically modified (GM) seed, little-known Dabeinong Biotechnology hopes to reap the benefits of early biotech investments and a law keeping foreign firms on the sidelines.
Exclusive: Toyota turns to Chinese tech to reach its electric holy grail
Toyota Motor Corp (7203.T) will launch an all-electric small sedan in China late next year, having turned to local partner BYD (002594.SZ) for key technology to finally make an affordable yet roomy runaround, four sources told Reuters.
-DBS CEO says tough for digital banks to muscle into Singapore
Singapore’s digital banks will find it hard to carve out space in the city-state’s saturated market, said Piyush Gupta, the CEO of DBS Group (DBSM.SI), Southeast Asia’s biggest lender.
Softbank Group shares slide 3% after Didi, Arm, Grab triple setback
Shares in Japanese conglomerate SoftBank Group Corp (9984.T) dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut for ride-hailing firm Grab (GRAB.O).
Bank of Ireland fined 24.5 mln euros over IT failures
Ireland’s central bank has fined Bank of Ireland (BIRG.I) 24.5 million euros ($27.8 million) over technology failures that the lender took more than a decade to fix.
Qualcomm leans into cameras, gaming with new flagship smartphone chip
Qualcomm Inc (QCOM.O) on Tuesday released its new top-tier smartphone chip aimed at premium-priced Android phones with features like sharper photos and graphics than handsets using chips from rivals.
MediaTek eyes premium Android phone market with new 5G chip
Chip designer MediaTek Inc (2454.TW) on Thursday released a new 5G smartphone chip that it hopes will be used in premium-priced Android smartphones, a market Qualcomm Inc (QCOM.O) currently dominates.
Nvidia forecasts upbeat revenue on metaverse hopes
Nvidia Corp (NVDA.O) forecast fourth-quarter revenue above analysts’ expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and the metaverse.
Metaverse: a $50 bln revenue opportunity for luxury – MS
Digital demand for fashion and luxury brands is expected to grow from current low levels and result in extra sales for the industry that could reach $50 billion by 2030, according to Morgan Stanley.
Under-fire Telecom Italia CEO faces board showdown
Telecom Italia (TIM) (TLIT.MI) CEO Luigi Gubitosi faces the board on Thursday at a meeting sought by top investor Vivendi (VIV.PA) following two profit warnings in three months at Italy’s former phone monopoly.
