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Newzoo forecasts 2020 global games industry will reach $159 billion

Games and esports analytics firm Newzoo released its highly cited annual report on the size and state of the video gaming industry yesterday. The firm is predicting 2020 global game industry revenue f

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Agora starts life as a public company by more than doubling to $50 a share

Shares of Agora, a China and U.S.-based “real-time engagement” API company, soared today after it went public.Yesterday Agora priced 17.5 million shares at $20 apiece, up from its target r

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Daily Crunch: Amazon buys self-driving startup Zoox

Amazon makes an autonomous driving acquisition, Microsoft closes its retail stores and health insurance startup Oscar raises $225 million.Here’s your Daily Crunch for June 26, 2020.1. Amazon to

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Dell’s debt hangover from $67B EMC deal could put VMware stock in play

When Dell bought EMC in 2016 for $67 billion it was one of the biggest acquisitions in tech history, and it brought with it a boatload of debt. Since then Dell has been

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Sonos lays off 12% of staff, closes New York City storefront

In a filing this week, connected speaker maker Sonos noted plans to cut 12% of its workforce, in addition to closing some of its smaller offices and its garish showroom in Manhattan’s Soho neighborhoo

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Trump’s worker visa ban will hit Silicon Valley hard

Yesterday, President Donald Trump released an executive order that extended an existing ban on immigrant work visas through the end of the year. The move prohibits immigrants who are outside the Unite

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Tatch raises $4.25M to build a patch that helps diagnose sleep disorders

Sleep apnea is a huge problem across the U.S. world but is often under-diagnosed because getting a diagnosis often involves getting hooked up to numerous machines and sleeping under the supervision of

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On illegal hate speech, EU lawmakers eye binding transparency for platforms

It’s more than four years since major tech platforms signed up to a voluntary pan-EU Code of Conduct on illegal hate speech removals. Yesterday the European Commission’s latest assessment

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Global Business Daily: UK COVID-19 app, EU recovery, car job cuts

"As many organizations around the country are reopening, I send my warmest best wishes and support to business communities throughout the United Kingdom, Commonwealth and across the world."That was a

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UK virus alert, EU fund meet, WHO on vaccine: COVID-19 daily bulletin

TOP HEADLINES- The UK's coronavirus alert level has been downgraded from level 4 to 3, meaning the virus is now "in general circulation" and there could be a "gradual relaxation of restrictions," the

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Benzema moves ahead of Puskas as Real Madrid thrash Valencia

Real Madrid's French forward Karim Benzema celebrates his second goal during La Liga match against Valencia at the Alfredo di Stefano Stadium, Madrid, Spain, June 18, 2020. /VCG Real Marid's B

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Global Business Daily: Wirecard's 'missing' $2.1bn, UK's $124bn boost

"We see signs that German imports are hit much less hard than exports, that suggests the relative robustness of the German economy."That's Stefan Kooths, of Kiel Institute for the World Economy, whic

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Interview: Apple’s Schiller says position on Hey app is unchanged and no rules changes are imminent

In a brief call today about Basecamp’s Hay email app from the iOS App Store, Apple’s Phil Schiller told me that there would currently be no changes to its rules that would allow the app to continue to

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UK gives up on centralized coronavirus contacts tracing app — will “likely” to switch to model backed by Apple and Google

The UK has given up building a centralized coronavirus contacts tracing app and will instead switch to a decentralized app architecture, the BBC has reported. This sugg

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Payfone raises $100M for its mobile phone-based digital verification and ID platform

As an increasing number of daily and essential services move to digital platforms — a trend that’s had a massive fillip in the last few months — having efficient but effective ways t

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US aims to tackle social media 'anti-conservative bias'

Sweeping reforms included in the Department of Justice review could also prevent platforms from encrypting their users' messages.

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EU digs in on digital tax plan, after US quits talks

The European Commission has reiterated its commitment to pushing ahead with a regional plan for taxing digital services after the US quit talks aimed at finding agreement on reforming tax rules ̵