The bipartisan compromise on infrastructure cuts in half President Joe Biden’s call for $15 billion to build 500,000 electric vehicle charging outlets, raising the stakes as the administration seeks to win auto industry cooperation on anti-pollution rules to curb climate change. The Senate legislation provides $7.5 billion in federal grants to build a national network […]
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Concerns about a revenue growth slowdown pushed Facebook’s shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue. But CEO Mark Zuckerberg set his sights far beyond the second half of 2021, exalting what he sees as the next phase […]
Uber shares tumbled on Wednesday with more than 4.5 percent in extended trading, following a report stating that SoftBank is selling around $2 billion worth of shares, in a definitive attempt to recover from lost bets on Didi and other investments. Japanese telecommunications and technology multinational conglomerate Softbank is selling a whopping 44 million shares […]
Google is postponing a return to the office for most workers until mid-October and rolling out a policy that will eventually require everyone to be vaccinated once its sprawling campuses are fully reopened. The more highly contagious delta variant of the coronavirus is driving a dramatic spike in COVID-19 cases and hospitalizations. Google’s Wednesday announcement […]
In PayPal’s most recent efforts to fight racism and extremism across the industry, the financial gateway partners up with the Anti-Defamation League to investigate how extremists adopt financial platforms to fund their activity. PayPal and Anti-Defamation League’s (ADL) atypical collaboration initiates the first step to divert focus towards the importance of recognizing how extremists are leveraging financial platforms for criminal funding. The initiative will be guided […]
In its greatest attempt to reclaim its chipmaking crown, Intel announced on Monday its new architecture roadmap during the company’s Accelerated webcast, unveiling the manufacturer’s strategy to refresh innovative naming schemes for future nodes. Intel’s CEO Pat Gelsinger announced during the company’s Accelerated livestream webcast how the semiconductor company is planning to switch its branding plan to push for more semiconductor innovations. The revelation incorporated broad strokes of its next-half decade […]
Over the years, cybersecurity has increasingly become a major issue. Rightfully so, as multiple organizations have been compromised by cyberattacks within a matter of seconds, placing sensitive information in the hands of opportunistic tech criminals. However, Brazil isn’t taking any risk, as the country is prioritizing cybersecurity by creating a cyberattack response network, with the goal of encouraging fast action toward cyberattacks. The Federal Cyber Incident Management Network will embody the Institutional Security Office of […]
China’s industry ministry has announced a 6-month campaign to clean up what it says are serious problems with internet apps violating consumer rights, cyber security and “disturbing market order.” The Ministry of Industry and Information Technology said in an online notice that, among other things, companies must fix pop-ups on apps that deceive and mislead […]
Shares in Shenzhen-based media titan Tencent tumbled on Monday following China’s verdict to restrict its private music licensing deals with record labels around the globe, halting the platform’s efforts to show sovereignty over online music streaming in the country. On Saturday, China’s State Administration of Market Regulations (SAMR) announced that the firm is not abiding […]
Amazon displays a lenient approach towards digital currencies as a new job listing was posted on Friday on the e-commerce site seeking a digital currency and blockchain specialist to lead its payments team. As one of the biggest e-commerce companies in the world, Amazon is responsible for securing some of the widest transactions through various […]