Google faces a London trial over an estimated 920-milion-pound ($1.1 billion) damages claim after a court authorised a lawsuit that alleges the Alphabet-owned tech giant overcharged 19.5 million customers for app store purchases. The class action, which was certified by the Competition Appeal Tribunal on Monday, alleges Google abused its dominant position by charging up […]
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Facebook owner Meta Platforms Inc was hit with a trademark lawsuit in Manhattan federal court on Tuesday by MetaX LLC, a company that creates immersive virtual-reality experiences, for allegedly stealing its name for its pivot to the metaverse. New York-based MetaX told the court it had been “crushed” by Facebook’s rebrand and said its “ability […]
Japanese wireless carrier KDDI Corp said on Tuesday all telecommunications networks have returned to normal after a nationwide system failure. Telecommunication services for both corporate and individual customers have been confirmed fully operational as of 1536 JST (0636 GMT), the company said in a statement. The disruption, which began in the early hours of Saturdaymorning, […]
Samsung Electronics will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican Foreign Minister Marcelo Ebrard said on Monday. On Twitter, Ebrard said the investment will be in the northern border city of Tijuana and Queretaro in central Mexico. He said he had met with the company’s […]
Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Like other global manufacturers, the Taiwanese firm has grappled with a severe shortage of chips, which has hurt smartphone production including for its […]
Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders’ meeting on Monday. In 2021/22, Tata Motors sold 19,105 EVs, a growth of 353 percent from the previous fiscal year. Chandrasekaran also said that his […]
Singapore-based crypto lending and trading platform Vauld said on Monday it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry. Vauld CEO Darshan Bathija said in a blog post that it was facing “financial challenges” due to: “the volatile market conditions, the financial difficulties of […]
Semi-automated offside technology will be used at this year’s World Cup, promising decisions that are more accurate and a lot quicker, world soccer’s governing body FIFA said on Friday. In what can be considered an extraordinary development in the officiating of the game, technology will be able to resolve contentious offside calls with a speed […]
Britain on Monday launched a centre to gather data and analyse information on the supply of critical minerals such as cobalt and lithium, key for electric vehicle (EV) batteries. The centre, to be run by the British Geological Survey, will use the data to help to find ways to source minerals needed for green technologies […]
In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. With about 90 percent of world trade transported by sea, shipping accounts […]