With Virgin Galactic making its highest profile test flight to date with boss Richard Branson aboard, it’s only a matter of time before paying customers get their chance and New Mexico realizes a dream that has been decades in the making. Former Gov. Bill Richardson is among those who have been watching the progress of […]
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The EU agreed on Monday to put its digital tax plan on hold, after finance chiefs from the Group of 20 leading economies supported an overhaul of the rules for taxing international companies. “The European Commission has decided to put on hold our work on a proposal for a digital levy until October,” said European Commission spokesman Daniel Ferrie. The proposed tax plan targets tech giants aiming […]
As the world increasingly focuses attention on climate change, Roland Busch, the CEO of Siemens AG, says his company is well-positioned to help manage the challenges. Munich-based Siemens specializes in making buildings, factories and railroads more efficient through digitalization and automation. And its medical unit includes technology that could lead to faster treatments for stroke […]
At this point, the idea of Elon Musk easily playing with the crypto market through social media is reoccurring, as the Tesla Chief strikes once again with another tweet that swung the market in the favor of Dogecoin. Leave it to the “Dogefather” himself to lift the meme-coin from its slump. After witnessing a steady […]
Google faced French authority ruling on its copyright dispute with media groups to negotiate whether it was negotiating “in good faith” over content and search result payments. In the wake of the major feud arising between France and the popular search engine concerning its position in online advertisement, France’s competition regulator revealed potential plan on […]
The U.S. Department of Commerce sanctioned on Monday 14 Chinese tech companies over links to human rights abuses against Uyghur Muslims in Xinjiang, northwest China. Adding these firms to the Entity List restricts American companies from collaborating with any of the listed businesses without a special license. Among the listed companies is DeepGlint, a Chinese […]
China on Sunday said it will take “necessary measures” to respond to the U.S. blacklisting of Chinese companies over their alleged role in abuses of Uyghur people and other Muslim ethnic minorities. The Commerce Ministry said the U.S. move constituted an “unreasonable suppression of Chinese enterprises and a serious breach of international economic and trade […]
Volvo Trucks North America says it will restart production at a plant in southwestern Virginia on Monday despite an ongoing strike and the lack of a labor deal between the company and a union representing nearly 3,000 workers. The company said in a news release that it will implement terms and conditions of a tentative […]
Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market power, the State Administration for Market Regulation […]
Former President Donald Trump has filed a suit against three of the country’s biggest tech companies, claiming he and other conservatives have been wrongfully censored. But legal experts say the suits are likely doomed to fail, given existing precedent and legal protections. Trump announced the action against Facebook, Twitter and Google’s YouTube, along with the […]