Search results for "big tech"

Asian shares mostly gain after Biden speaks with China's Xi

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 […]

Telecoms energy consumption to triple over next decade

Telecoms has become the lubricant that keeps societal communication wheels turning forward, especially so with the rising demand of individual and businesses for increased connectivity during the COVID-19 global pandemic. Categorized as an essential industry, the telecoms industry beefed up its capabilities during worldwide lockdowns to accommodate all of humanity to remain connected. With that […]

China gives approval for broader use of Sinovac vaccine

China has given broader approval for the domestic-made Sinovac coronavirus vaccine, expanding those who can receive it beyond the high-risk and priority groups already allowed under an emergency clearance. Regulators gave conditional approval for Sinovac Biotech Ltd’s shot, CoronaVac, on Friday, clearing the way for general use, The National Medical Products Administration announced in a […]

Number of EV charging stations set to skyrocket in next 7 years

The international market for Electric Vehicle (EV) charging stations is forecast to undergo rapid expansion, according to a report released Tuesday by business survey company MarketsandMarkets. The study, “Electric Vehicle Charging Station Market” – by Level of Charging (Level 1, Level 2 & Level 3, By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla […]

Amazon CEO Jeff Bezos may step down without stepping away

Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon’s power. Tuesday’s announcement that Bezos will hand off the CEO job this summer came as a surprise. But it doesn’t mean […]

GameStop's stupefying stock rise doesn't hide its reality

Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop’s share price to […]

Microsoft backs Australian plan to make Google pay for news

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 […]

Fight The Man: What GameStop's surge says about online mobs

It’s a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of power in unanticipated ways. And the same tools that empower the little guy […]

Apple CEO escalates battle with Facebook over online privacy

Apple CEO Tim Cook fired off a series of thinly veiled shots at Facebook and other social media companies Thursday, escalating an online privacy battle pitting the iPhone maker against digital services that depend on tracking people to help sell ads. “Too many are still asking the question ‘how much can we get away with?’ […]

The digital disruptions that are changing the world

Disruptions are a welcome break in almost all the industries around the world; however, some disruptions can indeed be catastrophic, but as every coin has two sides, it also brings great opportunities. The digital disruptions brought by the global pandemic has created a difficult situation for a few but there are several institutions that took […]