Reuters

U.S. Tightens Export Controls on Advanced Chip, Gas Turbine Engine Tech

The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national security. The “emerging and foundational technologies” covered by the move include gallium oxide and diamond, because “devices that utilize these materials have significantly increased military […]

Bionic Hand Can Be Updated with New Gestures, Anytime, Anywhere

Australian swimmer Jessica Smith has had an uneasy relationship with prosthetics since a childhood accident, but her convictions are being challenged by a British bionic hand that can be updated remotely anywhere in the world. The 2004 Athens Paralympian was born without a left hand. Her parents were advised to fit a prosthesis to help […]

African e-commerce Firm Jumia Says It Is Past Peak Losses, Shares Jump

African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]

Google Opposes Facebook-backed Proposal for Self-regulatory Body in India - Sources

Google has grave reservations about developing a self-regulatory body in India for the social media sector to hear user complaints, though the proposal has support from Facebook and Twitter, sources with knowledge of the discussions told Reuters. India in June proposed appointing a government panel to hear complaints from users about content moderation decisions, but […]

U.S. Rejects Broadband Subsidies for SpaceX's Starlink, LTD

The U.S. Federal Communications Commission rejected broadband subsidies for SpaceX’s Starlink and LTD bands applications for more than $2 billion in internet service subsidies, the FCC said on Wednesday. In December 2020, the FCC tentatively awarded $9.2 billion to over 300 bidders to deploy high-speed broadband from the Rural Digital Opportunity Fund. LTD Broadband won […]

AppLovin Offers to Buy Video Game Software Maker Unity in $17.5 Billion Deal

Gaming software company AppLovin Corp made an offer on Tuesday to buy its peer video game software maker Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity’s announced plan to acquire AppLovin’s smaller competitor ironSource. AppLovin has offered $58.85 for each Unity share, which represents a premium of 18 percent to […]

Iran Makes First Import Order Using Cryptocurrency - Report

Iran made its official first import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the Islamic Republic to circumvent U.S. sanctions that have crippled the economy. The import order using cryptocurrency, worth $10 million, was a first step towards allowing the country to trade through digital […]

Biden Signs Bill to Boost U.S. Chips, Compete with China

President Joe Biden on Tuesday signed a landmark bill to boost U.S. chips and provide $52.7 billion in subsidies for U.S. semiconductor production and research and to boost efforts to make the United States more competitive with China’s science and technology efforts. “The future is going to be made in America,” Biden said, calling the […]

Coinbase Posts Loss as Crypto Market Turmoil Hits Trading Volumes

Coinbase Global Inc reported a larger-than-expected quarterly loss as investors worried by this year’s rout in risky assets shied away from trading in cryptocurrencies causing a crypto market turmoil, sending its shares down 6 percent after the bell on Tuesday. Trading volumes at the cryptocurrency exchange more than halved to $217 billion in the second […]