Chinese budget smartphone maker Xiaomi is set to raise around $1.2 billion from debt issuance, with $800 million worth of bonds due for payment in 2031 with a coupon of 2.87 percent per year, a regulatory filing said. The move comes at a tricky time as other Chinese tech companies have seen themselves pitted in a government crack down led […]
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Stakes have been mounting between two of the world’s major superpowers; however, the matter has shied away from ideologies and nuclear weapons and has moved matters into a realm etched into the very fabric of our everyday life: technology. Noticeably everything sharply ignited by former U.S. president Donald Trump’s blacklisting of Chinese tech titan Huawei […]
Chinese regulators have clamped down on the country’s largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending a cybersecurity review. The government said it was acting to prevent security risks and protect […]
Google will delay by nearly two years the phase out of Chrome web browser technology that tracks users for ad purposes, saying that it needs more time to develop a replacement system. The tech giant on Thursday moved its deadline to remove so-called third-party cookies to late 2023 rather than January 2022 as was initially […]
The European Union’s move on Tuesday to investigate Google over alleged antitrust behavior in the digital ad tech sector is the bloc’s latest crackdown on U.S. tech giants. Here’s a look at enforcement actions taken by the EU’s competition commissioner, Margrethe Vestager, in recent years, as well as actions by U.S. antitrust regulators and states. […]
Opera web browser has halted support of its VPN services in Russia late last week, after the country’s telecoms and media regulator Roskomnadzor (RKN) passed new restrictions that hinder its operations. “In accordance with the regulation on responding to threats to circumvent restrictions on access to child pornography, suicidal, pro-narcotic and other prohibited content, restrictions […]
Without speaking a word or scratching a pen across paper, President Joe Biden drove up the pressure on Big Tech companies already smarting under federal and congressional investigations, epic antitrust lawsuits and near-constant condemnation from politicians of both parties. Biden last week elevated a fierce critic of Big Tech, antitrust legal scholar Lina Khan, to […]
National data watchdogs will be able to pursue big tech firms even if they are not their lead regulators, the European Union’s top court has ruled. The Court of Justice of the European Union (ECJ) ruling opens the way for national agencies to act against US tech companies such as Google, Twitter and Apple which […]
Google announced on Monday a series of updates that build upon its vision to deliver a single, integrated communication and collaboration solution to everyone via Google Workspace. Now, all of the company’s three billion-plus existing users across consumer, enterprise, and education have access to the full Google Workspace experience, including Gmail, Chat, Calendar, Drive, Docs, […]
Russian authorities on Thursday ordered Facebook and the messaging app Telegram to pay steep fines for failing to remove banned content, a move that could be part of growing government efforts to tighten control over social media platforms amid political dissent. A Moscow court fined Facebook a total of 17 million rubles (roughly $236,000) and […]