News highlights for 24 February
REUTERS/Jason Lee/File Photo
Chinese regulator ponders short cut for IPO process
HONG KONG (Reuters) – China’s securities regulator is considering offering a shortcut for some of the country’s largest technology companies to list their shares, allowing them to jump a long line of applicants and boost domestic bourses, according to six people with knowledge of the proposals. Read more…
Singapore regulator disrupts the sharing disruptors
SINGAPORE (Reuters) – Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. Read more…
Deutsche Telekom pushing NarrowBand-IoT, launch soon
Deutsche Telekom pushes the implementation and commercial expansion of the new, standardized and cost-effective NarrowBand-IoT technology across Europe. In Germany, Deutsche Telekom will commercially launch NB-IoT in the second quarter of 2017, and already runs several pilots with large customers, Read more…
Uber troubles escalate over sexual harassment issue
SAN FRANCISCO (Reuters) – Early investors in Uber Technologies Inc wrote to the ride-hailing company on Thursday to criticize it for failing to end a toxic culture of harassment. Read more…
Tesla burns cash, Musk spooks investors
SAN FRANCISCO (Reuters) – Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get “close to the edge” as it burns cash ahead of its crucial Model 3 launch. Read more…
Imminent US approval sends bitcoin to three year high
LONDON (Reuters) – Digital currency bitcoin hit its highest levels in more than three years on Thursday and came within $3 of an all-time peak, on speculation that the first bitcoin exchange-traded fund (ETF) is set to receive approval from the U.S. financial regulator. Read more…
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