Shares fell in Asia on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases and tensions between Beijing and Washington. Tokyo, Hong Kong, Shanghai declined, but shares rose in Sydney. U.S. shares dropped a day after the Federal Reserve said it’s preparing to […]
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Google parent company Alphabet is folding one of its subsidiaries back into Google as the startup’s founder steps down to confront a neurological disease. Sidewalk Labs CEO Dan Doctoroff said Thursday he’s leaving the company focused on urban planning technology because he “very likely” has ALS, also known as Lou Gehrig’s disease. Sidewalk Labs was […]
Angolan telecom sector regulator INACOM could issue the first 5G license by the end of the year, according to daily Expansao. The award of the 3.3-3.7 GHz frequency band for developing 5G technology was approved last month by presidential order. The paper’s sources said a process for awarding the spectrum rights might be announced soon. […]
Human resources and upper management wouldn’t deal with her accusation of sexual assault, a former employee of Alibaba said. So she went into the busy cafeteria at the Chinese e-commerce giant’s headquarters and screamed out her plight. Now she’s facing online harassment, accusations of lying from the wives of the two men she accused and […]
New York City is poised to bar most new buildings from using natural gas within a few years, after lawmakers voted Wednesday to make the United States’ most populous city a showcase for a climate-change-fighting policy that has been both embraced and blocked elsewhere. If Democratic Mayor Bill de Blasio signs the measure, as expected, […]
The European Union’s ambitious plan to update its pioneering internet rules gained momentum Tuesday after a key committee passed measures requiring technology companies to better police content and lawmakers prepared to vote on regulations to rein in Big Tech. The 27-nation bloc has for the past year been drafting a sweeping overhaul of regulations for […]
New York City lawmakers are poised to decide Wednesday whether to prohibit most new buildings from using natural gas, a move that would make the nation’s most populous city a showcase for a climate-change-fighting policy that has been both embraced and blocked around the country. The measure is expected to pass the City Council and […]
The federal Occupational Health and Safety Administration said Monday it has opened an investigation into the collapse of an Amazon warehouse in Edwardsville, Illinois, after it was struck by a tornado on Friday, leaving six people dead and another hospitalized. OSHA inspectors, who have been at the site since Saturday, will look into whether workplace […]
Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain since February. The S&P 500 rose 1%, enough to recoup its losses from a day earlier. The benchmark index closed higher four of the last five days, finishing 3.8% higher […]
General Motors’ Cruise autonomous vehicle subsidiary plans to start running a fully autonomous taxi service in San Francisco next year. Doug Parks, GM’s product development and purchasing chief, told analysts Thursday that he has ridden in a Cruise vehicle with no driver and the company is very close to deploying the service. “The technology is […]