Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride-hailing company on Friday. Lyft did not comment on the financing of the deal. Halo Cars was founded in 2018 and has […]
Archives for February 2020
What needs to change before folding phones become something everyone wants
A Samsung Electronics Co. Galaxy Z Flip smartphone is displayed during the Samsung Unpacked product launch event in San Francisco, California, U.S. on Tuesday, Feb. 11, 2020. Michael Short | Bloomberg | Getty Images I reviewed Samsung’s latest phone with a folding screen, the Galaxy Z Flip, earlier this week. It’s neat, but it’s still […]
India says discovers fields with over 3,000 tonnes of gold ore
LUCKNOW, India (Reuters) – India, the world’s second-biggest gold consumer, has discovered gold fields with reserves of over 3,000 tonnes in Uttar Pradesh, a government official said on Saturday. India mines between 2 to 3 tonnes of gold annually, relying on expensive imports to fulfil nearly all of its demand, which averaged 843 tonnes per […]
Amazon removing products that claim to cure coronavirus
E-commerce giant Amazon has warned sellers that it is removing listings for products from the platform that claim to cure the novel coronavirus. With the coronavirus spreading to over two dozen countries and the overall death toll in mainland China surpassing 2,000, fighting misinformation about the virus has become a major challenge. On top of […]
Rivals slam PhonePe’s ‘ATM’ biz, question launch in absence of rules
PhonePeATM, a new service that lets consumers withdraw cash from its offline merchants via the Unified Payments Interface (UPI), has angered rivals who have drawn the attention of the regulator to the issue, three people aware of the matter said. On Friday last week, this became the centre of an intense debate during the steering […]
Your corporate email isn’t as safe as you think
The discovery of an alleged international ring of fraudsters started with a one-line email. In April 2019, a company accountant received an email that appeared to be from the chief executive officer. “Joanna, Can you mail out a cheque to a vendor today? Barbara,” the email said. The email had some hallmarks of a scam. […]
India Fintech Festival in Mumbai put off due to coronavirus fears
The government-led mega event, India Fintech Festival, which was scheduled to take place on March 4 and 5 in Mumbai, has been postponed following travel advisories over Covid-19 (coronavirus). Organisers have said that the new dates will be announced soon. The festival was planned by Mumbai Fintech Hub, Maharashtra government, ministry of electronics and information […]
As China fights the coronavirus, some say it has gone too far
By Keith Bradsher China’s business leaders know better than to argue with Beijing. Leave the politics to the Communist Party, they long ago concluded, and the government will let them make money in peace. A vicious viral outbreak has upended that formula. China’s typically supercharged economy has ground to a near standstill as the authorities […]
Bezos hack casts light on stock that’s up 191% in two years
If FTI Consulting suffers from a lack of name recognition, its clients don’t. The firm, staffed with former FBI, MI-6 and Mossad agents, has advised everyone from Jeff Bezos in the alleged Saudi phone hack case that United Nations experts got involved with last month, to George W Bush and OJ Simpson’s defense team — […]
5 best practices for IIoT project success
Based on years of pilot projects and proofs-of-concept, the Industrial Internet Consortium has detailed the best-practices organizations can use to ensure successful deployments. While most consumers may find Internet of Things (IoT) devices like Google’s Nest or Ring’s doorbells new and exciting technology, the manufacturing world has embraced the IoT to optimize discrete and process […]