TikTok US Trust & Safety Head Exits Role as Pressure Mounts
One of TikTok’s senior-most officials in charge of ensuring user safety is leaving the company amid increasing pressure for the US government to ban the popular video-sharing app.
Bloomberg Business
Bob Lee Had Cocaine, Ketamine in His Body, Autopsy Shows
Silicon Valley executive Bob Lee, who was stabbed to death in San Francisco last month, had cocaine, ketamine and alcohol in his body when he died, according to an autopsy report released by the city medical examiner’s office.
Warburg-Backed Advance Intelligence Raises $80 Million Funding
Advance Intelligence Group, a financial technology firm based in Singapore, has raised $80 million in a round led by existing backers Warburg Pincus and Northstar Group.
South Korea Presses China to Address Pyongyang Nuclear Threat
South Korea President Yoon Suk Yeol urged China to reduce the nuclear threat posed by North Korea, responding directly to Beijing’s displeasure over the US ally’s new security agreement with Washington.
Wall Street Rattled by Selloff, Trading Halts at Two Small Banks
Just a day after Wall Street breathed a sigh of relief with the rescue of First Republic Bank, a tumble in US regional lenders fueled renewed anxiety over financial stability, sinking stocks across the board and spurring a flight to the safest corners of the market.
Dyson to Build Battery Plant in Singapore, Boost AI Development
Consumer electronics giant Dyson Ltd. will open a new plant in Singapore to manufacture next-generation batteries for new products as it ramps up software, artificial intelligence and product development globally.
New Zealand Jobless Rate Holds Steady, Wage Inflation Climbs
New Zealand unemployment held steady in the first quarter while wage inflation accelerated, suggesting the central bank is likely to press ahead with another interest-rate hike later this month.
Apax, Canada Pension Weigh Buyout of $2 Billion IT Firm Thoughtworks
A consortium backed by buyout firm Apax Partners is considering a potential bid to take US-listed technology consultancy Thoughtworks Holding Inc. private, people familiar with the matter said.
Hollywood Braces for Long, Contentious Summer as Writers Strike
The film and TV writers strike, which began Tuesday, could be just the start of a long summer of labor troubles in Hollywood.
Instagram, Google See Surge in Reports of Online Child Abuse
Reports of child exploitation online increased at many of the biggest tech and social media firms over the last year, including Meta Platforms Inc.’s Instagram and Alphabet Inc.’s Google.
