Australia’s competition watchdog filed a lawsuit against Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians, […]
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Occidental Petroleum Corp on Thursday said it agreed to sell emissions-offsetting carbon credits to jet-maker Airbus under a deal that advances the U.S. oil producer’s budding energy transition business. The four-year agreement sets the stage for Occidental to go ahead on an investment decision for what would be the world’s largest plant designed to suck […]
Telecom Italia (TIM) faces a 2.6 billion euro ($2.9 billion) request for damages in a case relating to alleged abuse of its dominant position in the broadband market after a complaint by rival Open Fiber, the phone group’s 2021 financial statement shows. As previously disclosed, Open Fiber filed a complaint with a Milan court in […]
Myanmar’s junta has given the final approval for the sale of Norwegian telecommunications company Telenor’s operations in the country to a local company and Lebanese investment firm, three sources with knowledge of the matter told Reuters. According to a letter of approval sent on March 15, seen by two of the people, the transfer of […]
The chief executives of Intel and Micron will testify on March 23 before the U.S. Senate Commerce Committee as the industry and lawmakers make the case for $52 billion in U.S. subsidies for semiconductor chips manufacturing. The chief executive of truckmaker Paccar Inc will also testify at the hearing, which will look at vulnerabilities in […]
Russian government websites are facing unprecedented cyber attacks and technical efforts are being made to filter foreign web traffic, the TASS news agency cited the digital ministry as saying on Thursday. Russian government entities and state-owned companies have been targeted over events in Ukraine, with the websites of the Kremlin, flagship carrier Aeroflot and major […]
China’s top financial policymaker rescued stock markets from a bloodbath this week with a promise of stability, but plenty of investors reckon mere words will not restore lasting calm in an economy beset with multiple large risks. Hong Kong markets, which have borne the brunt of the brutal selloff in Chinese stocks, rallied fiercely after […]
Facebook owner Meta Platform said on Tuesday it will hire 2,000 people over the next five years in Spain, where it will anchor its development plans for the region. The 2,000 employees will mainly staff the company’s first ‘lab’, a flexible base for its remote workers, in Madrid, Javier Olivan, Vice President Cross-Meta Products and […]
The United States, European Union, India and South Africa have reached a consensus on key elements of a long-sought intellectual property waiver for COVID-19 vaccines, according to a proposed text reviewed by Reuters. Sources familiar with the talks described the text as a tentative agreement among the four World Trade Organization members that still needs […]
Apple’s largest iPhone assembler, Foxconn, publicized talks with the Kingdom of Saudi Arabia (KSA) concerning plans of jointly developing a $9 billion multipurpose factor to create microchips, electric-vehicle components, in addition to a variety of different products. People familiarized with the plan stated that the Saudi government is considering an offer from the Taiwanese electronics company […]