A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions […]
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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 […]
When social networking titan Facebook emerged to the scene back in 2004, no one predicted the global and social overtake of what soon became a digital and societal phenomenon. The impact this company had on a worldwide scale presented to other social networking companies, such as Twitter, Snapchat, and LinkedIn, the needed means to flourish […]
They come with eagle-eyed drones and high-precision instruments. Aided by satellites, they analyze gas emissions and the flows of molten rock. On the ground, they collect everything from the tiniest particles to “lava bombs” the size of watermelons that one of nature’s most powerful forces hurl as incandescent projectiles. Scientists from around the world are […]
Ask anyone old enough to remember travel before Sept. 11, 2001, and you’re likely to get a gauzy recollection of what flying was like. There was security screening, but it wasn’t anywhere near as intrusive. There were no long checkpoint lines. Passengers and their families could walk right to the gate together, postponing goodbye hugs […]
BEIJING (AP) — Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a broad crackdown on the internet sector that has spooked investors and shaved billions off the valuations of some of China’s biggest technology companies. The transport ministry, internet watchdog and other regulators on Wednesday ordered 11 such platforms by year’s […]
Residents in Canada and the U.S. are being forced to take their Halloween parties somewhere else, as Airbnb will continue to ban one-night reservations for their entire home listings. According to the rental company, the ban which was introduced last year, will continue to take place in an effort to curb partying and large social […]
Swashbuckling billionaire Richard Branson hurtled into space aboard his own winged rocket ship Sunday, bringing astro-tourism a step closer to reality and beating out his exceedingly richer rival Jeff Bezos. The nearly 71-year-old Branson and five crewmates from his Virgin Galactic space-tourism company reached an altitude of 53.5 miles (86 kilometers) over the New Mexico […]
The Airbnb party ban feature has automatically blocked over 50,000 “suspicious” bookings across 15 U.S. cities as part of the company’s strategy to clampdown on parties during the pandemic. The automated feature blocked 7,000 in Dallas, 6,000 in San Diego, 5,100 in Charlotte, 3,500 in St. Louis, 3,000 in Columbus, and 2,700 in New Orleans, […]
In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]