NYSE says ProShares will launch an exchange-traded fund (ETF) linked to Bitcoin futures, giving investors exposure without having to hold bitcoin directly (New York Times)

New York Times:
NYSE says ProShares will launch an exchange-traded fund (ETF) linked to Bitcoin futures, giving investors exposure without having to hold bitcoin directly  —  An exchange-traded fund tied to the cryptocurrency is set to begin trading on the New York Stock Exchange, a milestone for the industry.

Sources: Uber and its Dubai-based Careem subsidiary are facing a combined tax bill of around $100M in Saudi Arabia, driven by a dispute over calculating VAT (Bloomberg)

Bloomberg:
Sources: Uber and its Dubai-based Careem subsidiary are facing a combined tax bill of around $100M in Saudi Arabia, driven by a dispute over calculating VAT  —  - Several tech firms said to be hit with value-added tax bills  — Saudi authorities said to reassess tax model for gig economy

Five US House Judiciary committee members write to Amazon accusing executives of either misleading Congress or lying about promoting its brands above rivals (Reuters)

Reuters:
Five US House Judiciary committee members write to Amazon accusing executives of either misleading Congress or lying about promoting its brands above rivals  —  Five members of the U.S. House Judiciary committee wrote to Amazon.com Inc's chief executive Sunday, and accused the company's top executives …

Bitcoin hovers near 6-month high on ETF hopes, inflation worries

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Apple captures 75% of global handset market operating profit in Q2: Report

Tech giant Apple has been the biggest profit and revenue generator in the handset business as it captured 75 per cent of the overall handset market operating profit in the second quarter of 2021. https://ift.tt/3aPEoRY

VIL teams up with Larsen and Toubro for trials of 5G-based smart city solutions

Telecom operator Vodafone Idea (VIL) and smart world and communication business of engineering and construction conglomerate Larsen and Toubro (L&T) have joined hands for a pilot project to test 5G-based smart city solutions, according to a statement. This is part of the ongoing 5G trials on government-allocated spectrum. https://ift.tt/3BNZs74