Search results for "TECHNOLOGY"

European Parliament backs new rules directed at Big Tech

European Union (EU) lawmakers backed a set of new rules on Wednesday directed at breaking down the authority of the Big Tech league in an unprecedented act to restrict their influence. The Digital Market Act (DMA) was structured to restrict limitations on these companies’ demeanor, in addition to imposing rules directed at their plans to […]

Ex-Netflix executive gets prison for accepting tech bribes

A former Netflix executive was sentenced Tuesday to 2 1/2 years in federal prison for taking bribes and kickbacks from tech companies to approve lucrative contracts with the streaming giant. Michael Kail, 52, of Los Gatos also was ordered to forfeit $700,000 and pay a $50,000 fine, the U.S. attorney’s office said in a statement. […]

YouTube star MrBeast rethinks old notions of philanthropy

The line of cars started forming at dawn. It was early November in Greenville, North Carolina, and drivers waited in a line that stretched for miles to pick up Thanksgiving turkeys — 10,000 free frozen birds to anyone who asked. Who was behind this act of holiday kindness? A community foundation, perhaps? Or a food […]

Harris unveils plan for electric vehicle charging network

The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry. “The future of transportation in our nation and around the world is electric,” Vice President Kamala Harris said […]

Congress approves import ban targeting forced labor in China

Senators gave final congressional approval Thursday to a bill barring imports from China’s Xinjiang region unless businesses can prove they were produced without forced labor, overcoming initial hesitation from the White House and what supporters said was opposition from corporations. The measure is the latest in a series intensifying U.S. penalties over China’s alleged systemic […]

Asian shares mostly lower after tech-led retreat on Wall St

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 […]

Google smart-city spinoff folding over founder's health

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 […]

Spyware find highlights depth of hacker-for-hire industry

Security researchers said Thursday they found two kinds of commercial spyware on the phone of a leading exiled Egyptian dissident, providing new evidence of the depth and diversity of the abusive hacker-for-hire industry. One piece of malware recently found on an iPhone belonging to Ayman Nour, a dissident and 2005 Egyptian presidential candidate who subsequently […]

India unveils $10.2B plan to attract semiconductor makers

India on Wednesday announced a $10.2 billion plan to try to attract global chipmakers to set up shop in the country and transform it into a production hub of semiconductors. The plan unveiled by Information Technology and Telecom Minister Ashwini Vaishnaw comes amid a severe shortage of semiconductors caused by the COVID-19 pandemic, which has […]