Daily business and technology news:
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September 14, 2021 (last updated at 8.30 am)
- Market news: Asian stocks set for a steady start as US shares bounces back after a five-day drop, closing session higher as investors await key economic data and a Federal Reserve meeting in coming days.
- Fox Entertainment buys TMZ entertainment platform and its media properties from AT&T Inc-owned WarnerMedia.
- Takemitsu Takizaki overtakes Uniqlo billionaire Tadashi Yanai to become Japan’s richest person, builds US$38 billion automation fortune.
- Are Chinese stocks still too risky, one China stock may be able to defy gravity to continue its comeback, trader says.
- The world’s growing population will risk food shortages as climate change sends temperatures soaring and droughts intensify, according to a report
- Jungle Ventures raises US$225 million to invest in startups across Southeast Asia and India.
- Indebted Chinese developer Evergrande crisis deepens as disgruntled investors crowd in protest.
- Five stocks that are suitable for middle-aged investors.
- TurboTax and QuickBooks software maker Intuit buys email marketing firm Mailchimp for US$12 billion.
- Apple to hold its annual iPhone launch event to introduce new iPhones and updates to its AirPods and Apple Watch.
- Southeast Asia’s Grab trims its full-year forecasts cites renewed uncertainty over pandemic-related movement restrictions, but reiterates US$40 billion SPAC merger deal on track.
- Cryptocurrency Litecoin tumbles after brief spike, Walmart says crypto payments announcement is bogus.
- Israeli cyber surveillance company exploits and infect Apple iPhones software vulnerability affecting most versions, says researchers.
- Oracle sales fall short of analysts’ expectations on cloud app growth.
- Facebook exempts elite users from some its rules for posts as part of a programme cross check” or “XCheck,” the Wall Street Journal reports.
- Restaurant payments firm Toast to raise as much as US$717 million in a US initial public offering which could value the company up to US$16.5 billion.
- Amazon gives Kindle a refreshed user interface overhaul to make navigation easier.
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