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Volopay from Singapore wants to be the “Brex of Southeast Asia” – TechCrunch

Volopay Founders Rajith Shaji and Rajesh Raikwar Small to medium-sized companies that do a lot of international business have to deal with two major problems: high foreign exchange fees and tracking company costs. Volopay, a Singapore-based financial technology startup with offices in Bangalore, wants to help by integrating multi-currency prepaid corporate cards, cost tracking and accounting tools into a free …

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Samsung’s second quarter earnings up 23% year-on-year thanks to strong chip demand – TechCrunch

Samsung Electronics was cautiously optimistic in its earnings report today. The company continues to deal with the aftermath of the COVID 19 pandemic, but its memory business has been bolstered by the demand for DRAM chips as data centers that are adapted to an increase in teleworking and education. Second quarter operating income increased 26% quarter-on-quarter and 23% year-over-year to …

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Amazon’s hardware business does not escape Congress control – TechCrunch

While much of today’s congress dealt with the anti-competitive practices of the major technology giants that focused on their core businesses, Amazon’s hardware was also closely examined during the hour-long interrogation. It was a small but significant exchange, as it touched on the breadth of the company’s services and showed how dominance in one area could mean potentially anti-competitive behavior …

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Antitrust hearing: Amazon, Facebook and Google were surveyed twice as often as Apple

At today’s hearing on virtual antitrust law, “Online Platforms and Market Power,” the House Judiciary Committee interviewed Amazon CEO, Jeff Bezos, Apple CEO, Tim Cook, Facebook CEO, Mark Zuckerberg, and Google CEO, Sundar Pichai, via Webex. But they weren’t all interviewed the same way. Most of the questions were directed at Bezos, Zuckerberg and Pichai – each of them was …

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