News Corp and Facebook have reached pay deals for news in Australia three weeks after the government passed laws that would make digital giants help cover the costs of journalism. The New York-based news business that operates mainly in the United States, Britain and Australia said Tuesday it had reached a multi-year agreement with Facebook […]
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Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas. Rakuten’s shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post’s gained 4.9%. Japan Post Holdings President Hiroya […]
Numerous companies and websites in France suffered outages and disruptions to services after a fire swept through a cloud computing provider’s facility. Disruption continued Thursday after OVH said the fire erupted early Wednesday in a room at one of its data centers in Strasbourg in eastern France. No one was injured in the blaze, which […]
LG Energy Solution will invest more than $4.5 billion in U.S. battery production by 2025 as more automakers commit to churning electric vehicles sooner than anyone had expected. The Korean company, which has a joint venture with U.S. automaker General Motors, said the investment will help create 10,000 jobs, including subcontractors. GM and LG are […]
The inventor of the cassette tape, Lou (Lodewijk Frederik) Ottens, has passed away at the age of 94, his family confirmed to news media. As much as the world has lived with game-changing new technologies over the last several decades, at the time of its invention, over 50 years ago, the cassette greatly changed the […]
The White House began highlighting the $1.9 trillion COVID relief bill immediately after it gained final congressional approval on Wednesday, wasting no time in selling the public on President Joe Biden’s first legislative victory. The West Wing began an ambitious campaign to showcase the bill’s contents while looking to build momentum for the next, perhaps […]
Esther Montanez’s housecleaning job at the Hilton Back Bay in Boston was a lifeline for her, a 31-year-old single mother with a 5-year-old son. The pay was steady and solid — enough to pay her bills and still have money left over to sock away savings for her child. But when the pandemic slammed the […]
Twitter has filed a lawsuit against Texas Attorney General Ken Paxton, claiming the Republican used his office to retaliate against it for banning the account of former President Donald Trump following the riot at the U.S. Capitol. Days after the deadly January insurrection, Paxton announced an investigation into Twitter and four other major technology companies […]
The head of the World Health Organization called Friday for patent rights to be waived until the end of the coronavirus pandemic so that vaccine supplies can be dramatically increased, saying these “unprecedented times” warrant the move. At a press briefing, WHO chief Tedros Adhanom Ghebreyesus said countries with their own vaccine capacity should “start […]
China’s exports surged 60.6% over a year earlier in the first two months of 2021, after factories reopened and global demand started to recover from the coronavirus pandemic. Exports rose to $468.9 billion, customs data showed Sunday, accelerating from December’s 18.1% gain and nearly double the growth expected by forecasters. Imports jumped 22.2% to $365.6 […]