Author - James Lim

Peloton to bring its content to TikTok in exclusive partnership

(Reuters) - Fitness equipment maker Peloton Interactive will bring its workout content to short-form video platform TikTok in an exclusive partnership, the companies said on Thursday. The partnership comes as Peloton, shares of which extended gains to jump 9.5% in premarket trading, is pivoting from hardware and transforming into a software-focused company, leaning on its exclusive...

Soccer-Veliz joins Tottenham’s growing injury list ahead of Burnley FA Cup tie

LONDON (Reuters) - Tottenham Hotspur striker Alejo Veliz is expected to be out for a couple of months with a knee injury, manager Ange Postecoglou said on Thursday as his team's growing injury list and one of 10 who will be missing from Friday's third-round FA Cup match. The 20-year-old Argentine was helped off the pitch...

Perplexity AI valued at $520 million in funding from Bezos, Nvidia

(Reuters) - Perplexity AI has raised $73.6 million in its latest funding round from a group of investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos in a deal valuing the artificial intelligence startup at $520 million. The round was led by Institutional Venture Partners, the San Francisco, California-based company said on Thursday. Perplexity AI,...

Illegal swims across Sungai Melaka but fails to flee Immigration officers

MELAKA: An illegal immigrant dove into and swam across Sungai Melaka in a bid to flee Immigration officers during a raid at Kampung Morten here. Melaka Immigration director Anirwan Fauzee Mohd Aini said the Indonesian man, in his 20s, was arrested as soon he reached the opposite side of the river bank during the operation at...

Malaysia’s water tariff among lowest in Asean, says SPAN

SHAH ALAM: Malaysia imposes one of the region's lowest average tariffs per cubic metre of water, says the National Water Services Commission (SPAN). Through the frequently asked questions about the water tariff adjustments on its website, SPAN said Malaysia charges the fourth lowest average tariff among Asean countries, at RM1.22 per cubic metre, while Myanmar is...

Johor hit by floods again

JOHOR BAHRU: Floods have hit Johor again, affecting four districts as of 2pm today, following a heavy uninterrupted downpour since last night. State disaster management committee chairman Azmi Rohani said the four districts affected by the floods are Kluang, Mersing, Johor Bahru and Kota Tinggi, with a total of 330 victims from 70 families forced to...

‘Severe continuous’ rain till Sunday expected in Johor, Pahang

PETALING JAYA: Several parts of Johor and Pahang are set to experience “severe continuous” rain from today till Sunday, according to the meteorological department (MetMalaysia). This comes just as over 1,000 people in Johor have been evacuated due to floods caused by persistent heavy rain since last night. In a statement, MetMalaysia said the continuous rain will...

Nigerian central bank publishes rules for opening crypto accounts

Nigeria’s apex bank expanded on its decision to reverse a crypto ban on financial service providers, providing clear rules to oversee operations moving forward. The Central Bank of Nigeria (CBN) announced stringent rules for banks as the watchdog pivoted away from a blanket crypto ban toward regulation for virtual asset service providers, citing a need to...

Survey: Approval of Bitcoin ETF could boost investment from non-crypto users

A recent Security.org report indicates a 10% year-over-year increase in U.S. cryptocurrency ownership, with 46% optimistic about the potential positive impact of Bitcoin ETF approvals in 2024. Based on a survey of 1,500 Americans, 40% currently own cryptocurrency, and of those not yet involved in crypto, 15% expressed an intention to make a purchase in the...

Fidelity files registration of securities for its Bitcoin ETF with the SEC

Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF. With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates a move to make the fund a publicly traded security, a milestone...