Russian authorities are investigating streaming giant Netflix after a public commissioner for protecting families accused the streaming company of violating a “gay propaganda” law, according to local reports. The commissioner claimed that some Netflix content with LGBTQIA+ themes was rated suitable for those aged 16 and older, whilst the country’s laws do not allow the […]
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Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday. Samsung said it […]
E-commerce giant Alibaba Group’s shares plummeted on Thursday in both New York and Hong Kong listings by more than 10 percent, following the giant’s drastic cut in sales, led by slow growth in China’s consumer spending. Following the quarterly results, Alibaba revealed expectations of reaching a 20 to 30 percent rise in sales in the […]
U.S. automobile manufacturers Ford Motor Co. and General Motors (GM) Co are altering their business plan by joining the semiconductor chip market, following a computer chip shortage that disrupted their global factory output for almost a year. On Thursday, Ford announced a calculated plan of going into business with semiconductor manufacturer GlobalFoundries Inc. to create […]
Years after coming under scrutiny for contributing to ethnic and religious violence in Myanmar, Facebook still has problems detecting and moderating hate speech and misinformation on its platform in the Southeast Asian nation, internal documents viewed by The Associated Press show. Three years ago, the company commissioned a report that found Facebook was used to […]
Amazon says it will stop accepting Visa credit cards issued in the United Kingdom because of a dispute over fees, marking growing tensions between the companies. The online retail giant said in a message Wednesday to customers that they won’t be able to use the payment company’s U.K. credit cards starting Jan. 19, blaming “the […]
A group of U.S. states filed Friday in a New York federal court an amended lawsuit against Google advertising monopoly with allegations of breaking antitrust laws by adopting strongarm strategies to empower its ads business. Alphabet’s unit has been under fire for its affiliated methodologies to heighten its supremacy in the advertising market, with regulatory […]
Silicon Valley’s chip production is lurching to enlarge its investments in Chinese semiconductor firms, as Washington’s rising tension of upholding its status in global innovation could be overthrown by Beijing’s bid for chip-sector sovereignty. One of the companies joining the semiconductor progression is Intel Corp. The chip manufacturer is backing Chinese company Primarius Technologies Co., […]
Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though spending slowed during the coronavirus pandemic. Alibaba tallied 540.3 billion yuan ($84.5 billion) in spending over the festival that spanned Nov. 1 to Nov. 11, the company said Thursday, a growth of 14% compared to a […]
Several countries and companies announced plans Wednesday to stop selling cars that run on gasoline or diesel over the next two decades, as part of efforts to clamp down on a significant source of planet-warming emissions. But the impact of the measures will likely be limited since several major car markets — notably the United […]