Google’s new Pixel Watch faces hurdles with economy, no iPhone support

Google’s new Pixel Watch faces hurdles with economy, no iPhone support

OAKLAND, Calif., Oct 6 (Reuters) – Google’s debut smartwatch will go on sale Oct. 13 for $350, the Alphabet Inc (GOOGL.O) unit said on Thursday, taking on a field dominated by Apple Watch at a time when inflation-hammered consumers are shunning all forms of pricey wearables. At $100 more than Apple Inc’s (AAPL.O) lowest-cost model … Read more

Intel’s Mobileye files for listing in first sign of thawing tech IPO market

Sept 30 (Reuters) – Intel Corp’s (INTC.O) self-driving unit Mobileye on Friday unveiled its filing for a US initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed. The tech IPO market globally is in the middle of its worst drought in nearly two … Read more

EXCLUSIVE JPMorgan to hire about 2,000 engineers even as the economy softens

PLANO, Texas, Sept 30 (Reuters) – JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information officer, Lori Beer, said on Wednesday. The biggest US lender added a net more than 5,000 software developers and data scientists last year and … Read more

Wall Street ends lower, Dow confirms bear market

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 7, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Fed rate hikes have investors ‘throwing in the towel’ Casinos jump as Macau allows tour groups after nearly 3 years Indices: Dow -1.11%, S&P … Read more

EXCLUSIVE Grab sees no big layoffs despite weak market

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while … Read more

PKN Orlen invests in high-tech wind turbine and infrastructure inspection companies

Register now for FREE unlimited access to Reuters.com Register GDANSK, Sept 8 (Reuters) – Poland’s biggest oil refiner PKN Orlen (PKN.WA) has invested in two companies that make systems that improve wind turbine efficiency and carry out automated infrastructure inspections. The investments are in Eologix Sensor Technology and Invert Robotics Group and were made through … Read more

Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offers

The logo of Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, is pictured at their office in Singapore, March 5, 2021. REUTERS/Edgar Su/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE/HONG KONG, Sept 6 (Reuters) – Southeast Asia’s largest e-commerce firm Shopee has rescinded dozens of job offers in the past … Read more

Standard Chartered rolls out digital bank in hot Singapore market

A view of a Standard Chartered bank branch in Singapore October 11, 2016. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 1 (Reuters) – Standard Chartered (STAN.L) and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore’s retail segment, a move that comes on the heels of … Read more

Indonesia’s GoTo posts net loss, warns of volatile market

JAKARTA, Aug 30 (Reuters) – Indonesia’s biggest tech company GoTo posted a $954.85 million net loss for the first half of the year on Tuesday, as its CEO flagged volatile markets and sour economic conditions. PT GoTo Gojek Tokopedia Tbk (GOTO.JK) – whose businesses straddle e-commerce, on-demand apps and finance – saw its losses between … Read more

Grab says delivery business softening, still ‘laser-focused’ on profitability

A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga Register now for FREE unlimited access to Reuters.com Register Aug 25 (Reuters) – Singapore’s Grab Holdings Ltd on Thursday slashed its gross merchandise volume (GMV) outlook for the year, blaming a strong dollar and cooling … Read more