Search results for "China"

Apple CEO faces tough questions about app store competition

Apple CEO Tim Cook described the company’s ironclad control over its mobile app store as the best way to serve and protect iPhone users, but he faced tough questions about competition issues from a judge Friday about allegations he oversees an illegal monopoly. The rare courtroom appearance by one of the world’s best-known executives came […]

ByteDance CEO steps down, raising questions over government involvement

Shock and surprise were the predominant emotions bustling through ByteDance employees when their softly spoken founder Zhang Yiming announced that he will be stepping down as CEO of what has been described to be the world’s biggest unicorn. Zhang – a 38-year-old billionaire estimated by Forbes to have a net worth of $35.6 billion – […]

EU signs new deal with Pfizer-BioNTech, Hungary opts out

The European Union’s executive arm on Thursday finalized a third vaccine contract with Pfizer and BioNTech through 2023 for an additional 1.8 billion doses of their COVID-19 shot to share between the bloc’s countries except for Hungary, which opted out of the deal. The European commission said the contract, which was agreed on behalf of […]

Robotics technology market skyrockets to $189 billion by 2027

Its common knowledge that whenever technological innovation occurs, it trickles down and morphs into other forms; while the creation of the telegraph occurred almost 200 years ago, the technology continued to shapeshift until it led to the inception of 5G. Subsequently the fifth generation of mobile networks has brought with it a plethora of new […]

EXPLAINER: Why has the price of Bitcoin been falling?

Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in […]

Report says Myanmar internet a 'virtual battlefield'

Myanmar’s military rulers are seeking to limit access to the internet to an internal network of only “whitelisted” sites to quash opposition to their seizure of power, according to a report by the International Crisis Group. It likened the internet to a “virtual battlefield” where the military is struggling to gain an edge because it […]

Biden plan would pick winners, losers in move to green jobs

In Georgia, school bus-maker Blue Bird has visions of going from selling a few hundred electric buses annually to 15,000. In Michigan, Ford plans to produce an all-electric version of its F-150 pickup truck. Both companies are looking to President Joe Biden’s $2.3 trillion infrastructure proposal to help transform the automotive sector as electric vehicles […]

New MedTech innovation allows tumors to eliminate themselves

MedTech seems to be reaching a new stride everyday as investments into the sector pour in at an accelerated rate, mainly due to the on-going global health crisis. As such, a new technology has been developed by the University of Zurich (UZH), where researchers have successfully achieved innovation that allows the body to produce therapeutic […]

Panel suggests WHO should have more power to stop pandemics

A panel of independent experts who reviewed the World Health Organization’s response to the coronavirus pandemic says the U.N. health agency should be granted “guaranteed rights of access” in countries to investigate emerging outbreaks, a contentious idea that would give it more powers and require member states to give up some of theirs. In a […]