Search results for "big tech"

Jocelyn Chahwan: A Champion of Brainpower, Not Fempower

Honestly, I wasn’t sure I was the right person for this interview. The article we had in mind was about a successful female banking executive in what is generally still perceived as an old boy’s club. A triumph of gender balance against the odds. Punching a hole through the glass ceiling. A woman who flew […]

Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown - Sources

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and […]

U.S. House Panel on China Cites ‘Existential Struggle’ at First Hearing

A new U.S. congressional select committee on competition with China held its first hearing with a focus on human rights on Tuesday, amid tense bilateral ties weeks after a suspected spy balloon flying over North America was shot down. “This is not a polite tennis match. This is an existential struggle over what life will […]

Factbox - Want Billions to Make Us Chips? Here Is how to Get Them

The Biden administration, which is making a $52 billion push to build more chips in the United States, said on Tuesday that it would require companies winning taxpayer funds for the initiative to give back excess profits and provide affordable childcare. As of 2020, the U.S. share of modern global chip manufacturing capacity had fallen […]

China’s Annual Parliament to Implement Xi’s Tightening Grip

China’s annual parliament opens on Sunday and will implement the biggest government reshuffle in a decade as Xi Jinping tightens control while contending with a host of challenges, from an uneven post-COVID economic recovery to cratering U.S. relations. Nearly 3,000 delegates will gather in the Great Hall of the People west of Tiananmen Square for […]

The Telco That Put Principle Before Profit

UAE Telco du hoped that digital fasting would help to instill self-reflection during Ramadan. Not too long ago, one of the highest profile companies in the United Arab Emirates conducted an experiment during Ramadan. The company was Emirates Integrated Telecommunications Company (EITC) and the experiment was for telco du to create a ‘technology fast’ within […]

Robinhood Says SEC Issued Subpoena Related to Crypto Operations

Robinhood Markets Inc said in a filing on Monday it had received an investigative subpoena in December from the U.S. Securities and Exchange Commission related to listings of cryptocurrencies. The collapse of Sam Bankman-Fried’s FTX was the biggest in a string of major crypto-related failures in 2022, which sparked a cryptocurrency rout and left creditors […]

Exclusive - Broadcom Faces EU Antitrust Warning on $61 Billion VMware Deal - Sources

U.S. chipmaker Broadcom is set to receive a European Union antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware in the coming weeks, people familiar with the matter said. The European Commission opened an investigation in December, saying the deal, announced last year, would allow Broadcom […]

Hedge Funds Unimpressed by Chinese Internet Giants’ Peppy Earnings

A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news. For the now, investors remain wary of a market overshadowed by simmering Sino-U.S. tensions over […]

Smart Cities Impact: A Business’ Solution to the Economic Crisis?

Smart cities, cognitive cities’ predecessors, as a concept, are not as brand new as you might think. In fact, in 1974, Los Angeles created the first urban big data project, “A Cluster Analysis of Los Angeles,” fast forward to 1994, and Amsterdam hopped on the wagon with a virtual digital city, “De Digital Stad” (DDS), […]