2026-06-29
Amazon’s rapid-delivery push wipes $15bn off India’s Eternal and Swiggy
Amazon spent years circling India’s quick-commerce market without committing to it. Investors have now decided the circling is over, and they have repriced the incumbents accordingly. Shares in Eternal, the parent of grocery-delivery leader Blinkit, and in rival Swiggy have fallen sharply as Amazon accelerates its rapid-delivery business in the country. Eternal has slipped about […]<br /> [...]
2026-06-29
Prosus profit roughly doubles as its e-commerce bets and Tencent stake pay off
For years Prosus was, in effect, a single bet wearing the costume of a diversified investor: a sprawling portfolio whose value rose and fell with one Chinese asset. Its latest results suggest the costume is becoming the company. Prosus reported revenue of about $7.3bn for the financial year ended 31 March 2026 and roughly $1.1bn […]<br /> This story continues at The Next Web [...]
2026-06-29
Australia moves to double Big Tech fines and arm its regulator over the under-16 ban
Six months after Australia became the first country to bar under-16s from social media, the government has concluded that the platforms are not taking the rule seriously enough, and is preparing to make the consequences of ignoring it considerably more expensive. New legislation announced this week would roughly double the maximum penalty for a systemic […]<br /> This story continues at Th [...]
2026-06-29
China’s CXMT wins a reported $3bn memory deal with Tencent
ChangXin Memory Technologies has agreed to supply Tencent with roughly $3bn of memory chips, two people familiar with the matter told Reuters, in a deal that would bind one of China’s largest cloud operators to its largest homegrown DRAM maker. Neither company has confirmed the agreement publicly, and the figure comes from sourcing rather than […]<br /> This story continues at The Next W [...]
2026-06-29
Austria asks the EU to consider giving Anthropic a home in Europe
European government has, in writing, asked the European Union to find a way to host an American artificial-intelligence company. The request is unusual enough that the official making it conceded, in the same breath, that people would doubt it could be done. The official is Alexander Pröll, Austria’s state secretary for digitalisation, and the company […]<br /> This story continues at T [...]
2026-06-29
Iran’s cyberattacks on Israel tripled in a year, Israeli cyber chief says
Israel logged roughly 4,800 hostile cyber incidents in June 2026, up from about 1,600 a year earlier, the head of its National Cyber Directorate told a German newspaper. The fighting between Israel and Iran has a ceasefire. The fighting in cyberspace does not, and the numbers from the past year show it widening rather than […]<br /> This story continues at The Next Web [...]
