LONDON (Reuters) – The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday. Hackers had stolen more than $1.38 billion worth of crypto by…
By Sameer Manekar (Reuters) – Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange weighed. Bitcoin fell more than 2% to $57,843, its lowest since May 2, and has lost more than 6% so far…
RAYONG, Thailand (Reuters) – China’s BYD opened its first electric vehicle plant in Thailand on Thursday, the auto maker’s first in Southeast Asia. “BYD is using Thailand as a production hub for export to ASEAN and many other countries,” Narit Therdsteerasukdi, Secretary General of Thailand’s Board of Investment said at the opening ceremony, referring to…
By Daniel Wiessner (Reuters) -Microsoft Corp has agreed to pay $14 million to settle a California agency’s claims that it illegally penalized workers who took medical or family-care leave, the agency said on Wednesday. The California Civil Rights Department in filings in state court accused the tech giant of retaliating against its California-based employees who…
By David Shepardson (Reuters) -General Motors will pay a $145.8 million penalty after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency said GM has agreed to give up approximately 50 million metric tons in carbon allowances after the multi-year investigation found…
By Milana Vinn (Reuters) – Private equity firm Vista Equity is in talks to cede control of its company Pluralsight to lenders, according to three people familiar with the matter and fund documents reviewed by Reuters. The financial information in the documents sheds light on how Pluralsight is set to become the first major debt…
By Jonathan Stempel NEW YORK (Reuters) – Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing the claims of New York drivers whose vehicles were wrecked. A preliminary settlement of the proposed class action was filed on Monday night in federal court in Manhattan, and requires…
(Reuters) – Walmart has held talks with potential buyers to sell its already shuttered medical clinics, Fortune reported on Tuesday, citing multiple sources familiar with the matter. In April, Walmart decided to close all 51 of its health clinics and shut its virtual healthcare operations, saying it could not see them as a sustainable business…
(Reuters) – Paramount Global is holding talks with other media companies about merging its streaming platform with an existing platform, CNBC reported on Monday, citing people familiar with the matter. Warner Bros Discovery is interested in merging its streaming service Max with Paramount+ as a joint venture, the report added. Paramount and Warner Bros. Discovery…
By Foo Yun Chee BRUSSELS (Reuters) -Nvidia is set to be charged by the French antitrust regulator for allegedly anti-competitive practices, people with direct knowledge of the matter said, making it the first enforcer to act against the company. The French so-called statement of objections or charge sheet would follow dawn raids in the graphics…
