Macquarie dramatically cut its 12-month price target on One97 Communications, the parent company of digital payments firm Paytm, citing risks of customers leaving the platform in the wake of heightened regulatory scrutiny. Macquarie, which famously predicted the slump at Paytm before the listing, lowered its target to 275 rupees ($3.3), the most brutal by any major … Read more
The gulf between tech and government is legendary. In the 2010s, tech talent flocked to startups and big platforms where they could move fast, break things, and get people to click on ads. Venture capital flowed freely as firms jumped further and faster to stake a claim in businesses that prized user acquisition above all … Read more
Comment on this storyCommentAdd to your saved storiesSave You’re reading an excerpt from the Today’s WorldView newsletter. Sign up to get the rest free, including news from around the globe and interesting ideas and opinions to know, sent to your inbox every weekday. For civilians in Gaza, there’s increasingly nowhere to go. Israel’s campaign against … Read more
Elon Musk’s social media platform X is dragging a media watchdog group to court … claiming Media Matters is engaged in a smear campaign against him and his company. The billionaire followed up Monday with his previously announced plans to sue Media Matters in response to a recently published story suggesting pro-Nazi advertisements were running … Read more
Comment on this storyComment KORNIDZOR, Armenia — At the crest of the hill in this small town at the Armenian-Azerbaijani border, now a gateway for a flood of refugees fleeing Azerbaijan’s takeover of Nagorno-Karabakh, Laura and Jorik Isakhanyan finally could pull over their white Lada Neva to change a tire. Cars streamed past them as … Read more
Comment on this storyComment You’re reading an excerpt from the Today’s WorldView newsletter. Sign up to get the rest free, including news from around the globe and interesting ideas and opinions to know, sent to your inbox every weekday. An entire community may be on the verge of abandoning its ancestral homeland. After months of … Read more
SEOUL, South Korea — The world scouting physique urged South Korea to chop brief the World Scout Jamboree as hundreds of British scouts started leaving the coastal campsite Saturday due to a punishing warmth wave and American scouts talked of pulling out. A whole bunch of members have been handled for heat-related illnesses because the … Read more
Company are seen within the J Lodge situated within the Shanghai Tower, in Shanghai on June 23, 2021. Hector Retamal | Afp | Getty Pictures China, with the world’s second-largest financial system and the second-highest inhabitants, will once more see the most important exodus of millionaires this yr, in response to new analysis. In keeping … Read more