China has urged the World Trade Organization to scrutinise US-led technology export restrictions aimed at curbing its ability to make advanced chips, state television said on Wednesday. Chinese representatives told a WTO meeting this week that Japan, the Netherlands and the United States should report their plans and subsequent measures to the body, which it […]
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Wall Street closed lower on Tuesday after evidence of a cooling economy exacerbated worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn. All three major indexes fell as data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting that the labor […]
The roles of telcos in the Middle East are not the same anymore. Telcos in the Middle East are shifting their focus away from solely providing connectivity and data speed, and are now seeking to benefit from the digital transformation of public and private sectors. Operators are now in a prime situation to benefit significantly […]
Italy’s antitrust authority said on Wednesday it would investigate Meta Platform over the possible abuse of its position in talks over the rights to music posted on Meta’s platforms and potentially hurting competition in the sector. The dispute involved the Italian society of authors and publishers, SIAE. According to the antitrust regulator, Mark Zuckerberg’s company […]
Samsung Electronics Co Ltd’s first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown. The launch of a new flagship smartphone is expected to have supported mobile profits, but […]
World stock indexes declined on Tuesday, with all three major U.S. stock indexes ending lower, while the U.S. dollar fell to a two-month low and Treasury yields eased after data suggested a cooling in the U.S. labor market. The U.S. Labor Department report showed U.S. job openings in February dropped to the lowest level in […]
Britain’s data watchdog said on Tuesday it had fined TikTok 12.7 million pounds ($15.9 million) for breaching data protection law including by using the personal data of children aged under 13 without parental consent. The Information Commissioner’s Office (ICO) estimated that TikTok allowed as many as 1.4 million UK children under 13 to use its […]
Crypto exchange Binance, which has been sued by U.S. regulators, said on Tuesday it is expanding services in inflation-hit Argentina, allowing users to buy and sell digital currencies directly with local pesos. The move allows Argentines to transfer pesos into a Binance account via a local partner, which can then be used to purchase cryptocurrency. […]
Apple Inc lost a bid to register part of a federal trademark for “Apple Music” on Tuesday after a U.S. appeals court ruled for a jazz musician who challenged the tech giant’s application. The U.S. Court of Appeals for the Federal Circuit rejected Apple’s argument that it had priority over trumpeter Charlie Bertini’s “Apple Jazz” […]
China is seriously concerned about Japanese export restrictions on chip manufacturing equipment and called on it to correct its “wrong practice”, the Chinese commerce ministry said on Tuesday. “China will take decisive measures to safeguard its rights and interests if Japan insists on obstructing the chip industry cooperation between the two countries,” it said in […]