When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn’t just break from more than a century of internal combustion engines. It also clouded the future for 50,000 GM workers whose jobs could become obsolete far sooner than they knew. The message was clear: As a greener […]
News
Australia’s Parliament will debate making Google and Facebook pay for news after a Senate committee on Friday recommended no changes to the world-first draft laws. The Senate Economics Legislation Committee has been scrutinizing the bill since it was introduced in Parliament in December. The senators rejected Facebook and Google’s arguments that the so-called media bargaining […]
Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking office. Many markets in Asia were closed for the Lunar New Year and other holidays. Benchmarks in Hong Kong, India and Sydney advanced while Singapore and Thailand declined. With much of […]
Zeng Jiajun, a former tech worker, fell in love with social media app Clubhouse, a window through the ruling Communist Party’s pervasive censorship, after listening to a freewheeling discussion between members of China’s Uighur minority and Han majority that wound up lasting 12 hours. Thousands of Chinese flocked to the app, which allowed unfettered discussion […]
United Airlines said Wednesday it will buy up to 200 small electric air taxis to help customers in urban areas get to the airport. The airline said it will help electric-aircraft startup Archer develop an aircraft capable of helicopter-style, vertical takeoffs and landings. Archer hopes to deliver its first aircraft in 2024, if it wins […]
The Biden administration is backing off former President Donald Trump’s attempts to ban the popular video app TikTok, asking a court to postpone a legal dispute over the proposed ban as the government begins a broader review of the national security threats posed by Chinese technology companies. A court filing Wednesday said the U.S. Commerce […]
Turkish President Recep Tayyip Erdogan unveiled an ambitious 10-year space program for his country Tuesday that includes missions to the moon, sending Turkish astronauts into space and developing internationally viable satellite systems. Erdogan announced the program, seen as part of his vision for placing Turkey in expanded regional and global role, during a live televised […]
The founder of Huawei said Tuesday he doubts President Joe Biden will remove U.S. sanctions that battered the telecom equipment giant’s smartphone sales but expressed confidence the company can survive. Speaking in the central city of Taiyuan, Ren Zhengfei said strong sales of network gear and other technology should make up for Huawei’s weaker handset […]
North Korea has modernized its nuclear weapons and ballistic missiles by flaunting United Nations sanctions, using cyberattacks to help finance its programs and continuing to seek material and technology overseas for its arsenal, U.N. experts said. The panel of experts monitoring sanctions on the Northeast Asian nation said in a report sent to Security Council […]
Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank’s profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its […]