A bipartisan group of U.S. lawmakers on Monday released a revised version of a bill aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook. The Journalism Competition and Preservation Act “removes legal obstacles to news organizations’ ability to negotiate collectively and secure fair terms from gatekeeper platforms […]
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The founder of China’s Huawei Technologies has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow as the global economy enters a long period of recession, media reported on Tuesday. “With survival the main principle, marginal businesses will be shrunken and closed, and the chill will be […]
Britain on Wednesday said it had launched talks with Kyiv over removing barriers digital trade as part of its efforts to support Ukraine following Russia’s invasion of the country. Britain in May removed all tariffs on Ukrainian goods, and is now looking to smooth trade in the digital sphere. “The UK stands shoulder to shoulder […]
Britain said on Friday it wanted a widespread rollout of self-driving vehicles on roads by 2025, announcing plans for new laws and 100 million pounds ($119.09 million) of funding. The government said it wanted to take advantage of the emerging market for autonomous vehicles, which it valued at 42 billion pounds and estimated could create […]
Elon Musk has approached brain chip startup Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter. Musk reached out to Synchron’s founder and chief executive, Thomas Oxley, in recent weeks to discuss […]
Taiwan wants to ensure its partners have reliable supplies of semiconductors, or “democracy chips”, President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China’s threats mean fellow democracies have to cooperate. Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. […]
China’s Xiaomi Corp posted a steep drop in second quarter revenue on Friday as the world’s biggest smartphone market shrank, hit by strict China COVID curbs and restrictions. Sales fell 20 percent year on year (YoY) to 70.17 billion yuan ($10.31 billion), missing estimates and marking a steeper decline from the previous quarter when the […]
Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting firm BDO Italia to vouch for its monthly proof-of-reserve for its assets, and would look to increase the frequency of publishing its reserves reports to monthly from quarterly. Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 […]
South Korea is expected to attend a preliminary meeting for a U.S.-led chipmaker group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday. Seoul’s participation in the preliminary meeting for the so-called “Chip 4” group could heighten the stakes for South Korea as it seeks to navigate the contest […]
Boeing Co and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies. The voluntary program, unveiled by President Joe Biden in May, seeks to boost suppliers’ use of additive manufacturing (AM). Driven by 3D printing, the technology allows complex shapes […]