Search results for "TECHNOLOGY"

FTX Looks for $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets

FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder of crypto token Tron, […]

e& Commits to a Net Zero Operation by 2030

e& is accelerating its climate action efforts and supporting the UAE’s net zero strategy Sharm El-Sheikh, Egypt, 09 November 2022: e& (formerly known as the Etisalat Group) today declared its net zero targets by 2030, during the Group’s participation at the 27th Conference of the Parties of the UNFCCC (COP27), currently taking place in Egypt, aimed at reducing […]

Why the Billion-Dollar Cyborg Toys Industry Is So Important

Lego has decided to discontinue its popular range of programmable cyborg toys, Lego Mindstorms. It has been a hit for adults and children alike since 1998. Lovers of these robot-building kits are now scouring the internet for alternatives.   An introduction to STEM Cyborg Toys  STEM cyborg toys are Science, Technology, Engineering, and Mathematics based robotic […]

Chinese Chipmaker SMIC Warns of Impact From U.S. Export Controls

Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) reported a 34.7 percent rise in third-quarter revenue on Thursday, missing estimates, and warned investors about the impact of export controls from the United States. The company generated revenue of $1.91 billion in the quarter, up from $1.42 billion in the same period a year earlier but […]

Why the Meta Share Price Collapse Might Be a Good Thing

Meta’s share price is collapsing, and the social media giant is on a major downturn. The thus far ruling social media giant of our time, the owner of Instagram, Facebook, and WhatsApp, is experiencing the worst 2 consecutive quarters  of its existence. The Meta stock has collapsed and users are still fleeing the platforms, meanwhile […]

Germany Blocks Chinese Stake in Two Chipmakers Over Security Concerns

The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The government said it had vetoed the takeover of the chip factory of the Dortmund-based company Elmos by Silex, a Swedish company that is […]

Green Earth Technologies and Their Economic Impact

Green earth technologies have been around for the past two decades. The journey towards a greener and safer tomorrow has begun way before the recent traction. Recent global events have added even more urgency to the matter. In 2019 the volume of investment in green tech capped at almost 9 billion dollars. By 2027 it […]

Indonesia Plans to Tighten Oversight of Crypto Market, Task Ojk With Regulation

Indonesia plans to move the regulation, supervision and oversight of cryptocurrency investments to the Financial Service Authority (OJK) to better protect investors, its finance minister said on Thursday. Currently, the Trade Ministry and the Commodity Futures Trading Regulatory Agency jointly oversee cryptocurrency in Southeast Asia’s largest economy, where there has been a boom in such […]

Factbox-Corporate America Braces for Downturn With Job Cuts

Meta Platforms Inc on Wednesday became the latest U.S. company to cut jobs to rein in costs amid tightening monetary policy and growing fears of a recession. Job cuts announced by U.S.-based employers jumped 13 percent to 33,843 in October, the highest since February 2021, a report said. Here are some of the major job […]