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A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group IV, which trades on the NYSE under ticker DMYQ. The deal gives the space company a $2.8 billion equity valuation and is expected to close in the fourth quarter, resulting in Planet listing… Source link

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Yandex Partners with Grubhub for Autonomous In-Campus Food Delivery

Yandex (YNDX) Self-Driving Group (SDG) is moving a step closer to commercializing its self-driving technology. The company has inked a partnership deal with online and mobile food ordering services, Grubhub (GRUB). The two are coming together to enable fast and affordable deliveries using robots in U.S. colleges. Yandex autonomous robots will be integrated into Grubhub’s food delivery platform for in-campus delivery as part of the partnership. The two are in the process of rolling out… Source link

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Inflation fears may be starting to pass: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, July 7, 2021 Pricing pressures stopped getting worse for the service sector last month If we wind back the clock to mid-May, the only idea it seemed investors wanted to discuss was inflation.  The argument from many economists and Federal Reserve officials — then and now — was that pricing pressures would prove “transitory,” or that… Source link

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Down $831 Billion, China Tech Firm Selloff May Be Far From Over

(Bloomberg) — China’s technology giants have seen a combined $823 billion wiped from their market value since a February peak, with Beijing’s expanding crackdown on the sector fueling investor concern that the selloff is far from over. Authorities on Tuesday issued a sweeping warning to the nation’s biggest companies, vowing to tighten oversight of data security and overseas listings just days after Didi Global Inc.’s contentious decision to go public in the U.S. That has put further… Source link

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Russia’s Yandex launches fleet of electric scooters in Moscow

MOSCOW (Reuters) – Russian tech giant Yandex will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a string of accidents. The service will be launched on the Yandex.Go app, the company’s one-stop-shop for ride-hailing, food delivery and… Source link

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Russia’s Yandex launches fleet of electric scooters in Moscow

A man rides his scooter through a fountain at Gorky Park in Moscow, Russia, July 9, 2018. REUTERS/Kai Pfaffenbach/Files MOSCOW, July 7 (Reuters) – Russian tech giant Yandex (YNDX.O) will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a… Source link

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Russia’s Yandex launches fleet of electric scooters in Moscow

MOSCOW, July 7 (Reuters) – Russian tech giant Yandex will launch an electric scooters rental service in Moscow on Wednesday, the company said, tapping into surging demand across the city. Electric scooters are a common sight in Moscow during summer, whizzing around the city’s parks and pavements, but authorities have been forced to impose speed limits following a string of accidents. The service will be launched on the Yandex.Go app, the company’s one-stop-shop for ride-hailing, food delivery… Source link

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Yandex robots to deliver food at US colleges with Grubhub — Retail Technology Innovation Hub

Russian tech giant Yandex and online food delivery venture Grubhub have announced a multi-year partnership pitched at college campuses in the US. Financial terms of the tie up were not disclosed. Yandex autonomous delivery robots will join Grubhub’s platform, with the service set to be available at select college campuses this autumn. GrubHub partners with more than 250 college campuses across the US. “We chose to partner with Grubhub for campus delivery because of its unparalleled reach into… Source link

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The Yahoo brand is still worth ¥178.5 billion to Masayoshi Son

The Yahoo brand, once an internet name as iconic as Google, might be worth little to young people more familiar with TikTok and Instagram. But it still has value in Japan, where the once-illustrious marquee just sold for ¥178.5 billion ($1.6 billion). Z Holdings Inc., a unit of Masayoshi Son’s SoftBank Group Corp., agreed to buy the rights to the Yahoo name in Japan to replace an existing licensing agreement. The deal follows the sale of Verizon Communications Inc.’s media… Source link

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