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 […]
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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 […]
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 […]
Thus far, a cinematic horror-show of wealth-destroying, dysfunctional robots, is not quite a reality – or at least not yet. It seems people, or rather banking service consumers, trust personal finance robots more than themselves to manage their money, according to a new study by Oracle and personal finance expert Faroosh Torabi, and host of the “So Money” podcast. The study of more than 9,000 consumers […]
China aims to keep its tech industry under a tight noose, as the country’s market regulator released new and stricter rules to boot out monopolistic practices on Sunday, primarily targeting its tech giants. The new legislation – issued by the State Administration for Market Regulation (SAMR) – will cement an earlier anti-monopoly draft law which […]
Ford Motor Co. lost $1.28 billion last year as it dealt with a huge restructuring, a costly recall and a decline in the value of its pension fund. But the company said Thursday it is generating strong cash flow and will go all-in on electric vehicles. Ford said it would now spend at least $22 […]
A team of scientists from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and Jameel Clinic (J-Clinic) announced that they had created a breast cancer risk-assessment algorithm that shows consistent performance across patients from the U.S., Europe, and Asia. The researchers said the model needed both algorithmic improvements and large-scale validation across several hospitals to […]
Microsoft said on Wednesday it supports Australia’s plans to make the biggest digital platforms pay for news and would help small businesses transfer their advertising to Bing if Google quits the country. Microsoft has been positioning itself to increase market share for its search engine Bing after a Google executive told a Senate hearing last […]
Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]