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Amnesty International calls for Google to halt cloud business in Saudi Arabia

The Verge

Amnesty International is teaming up with 38 other human rights groups and individuals to call for a halt to Google’s plans to set up an enterprise cloud business in Saudi Arabia because of concerns over the country’s human rights track record.

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SNK is now almost entirely owned by the Saudi crown prince’s foundation

The Verge

Recently, Saudi Arabia has made some big investments in the gaming industry. Bloomberg reported in February that Saudi Arabia’s Public Investment Fund (PIF) has taken stakes of more than 5 percent in both Capcom and Nexon — stakes that, combined, are worth more than $1 billion. The PIF also invested more than $3.3

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Lucid Motors passes Ford’s market cap four years after it nearly got bought

The Verge

Lucid Motors has a comparatively long history for an EV startup as it was founded in 2007 as a battery company called Atieva. That never happened, though, and Lucid Motors ultimately treaded water until striking a massive deal with Saudi Arabia, which now owns a majority of the startup.

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Fisker and Karma raise millions of dollars following wave of Tesla optimism

The Verge

and Karma Automotive, two electric vehicle startups with a long shared history, each announced this week that they’ve raised millions of dollars. wants to take the same shortcut to being public that Nikola used. Though in the case of Lucid Motors, the startup had to give up majority control to Saudi Arabia. Fisker Inc.

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Tabby raises $58M at $660M valuation as PayPal Ventures makes first investment in the GCC

TechCrunch

Until last September, Tabby, which allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s, was active in Saudi Arabia, UAE and Kuwait.

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The UAW wants to unionize EV startup factory workers

The Verge

The labor rights movement took an especially public hit earlier this month when a push to unionize an Amazon warehouse in Alabama overwhelmingly failed. Saudi Arabia-backed Lucid Motors will build its electric luxury sedan at a massive new factory it’s building in Casa Grande, Arizona.

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Electric vehicle startups hit speed bumps after raising tons of cash

The Verge

Startups going public makes it much easier to see where the problems are. Ohio-based Lordstown Motors raised nearly $700 million when it went public late last year and has backing from America’s largest automaker, General Motors. California-based Canoo went public in December and has already replaced its leadership team.

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