Indian refining giant Reliance Industries has acquired the assets of battery maker Lithium Werks for $61 million, its second such deal in less than three months, as it makes a bigger push towards clean energy and transport. Reliance’s investment in Lithium Werks, which manufactures lithium iron phosphate batteries that are mainly used in electric vehicles […]
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The need for speed is clear but not at the expense of high-quality service, customers warn Marlow, UK: One third of UK & Ireland customers say they would switch to another provider if they don’t get a satisfactory response in five minutes or less, according to new research from analytics leader SAS. The research also […]
TikTok is nearing a deal for Oracle Corp to store its U.S. users’ information without its Chinese parent ByteDance having access to it, hoping to address U.S. regulatory concerns over data integrity on the popular short video app, people familiar with the matter said. The agreement would come a year and a half after a […]
Ukraine has urged cloud-computing and software giants including Microsoft Corp and SAP SE to cut off Russia to stop Moscow’s invasion. Here’s what’s at stake. WHAT IS UKRAINE DEMANDING? The Ukrainian ministry of digital transformation wants North American and European technology companies to completely pause any dealings with Russian clients, potentially disrupting Russia’s economy and […]
U.S. payments firms Visa Inc and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and partners to cease all transactions there. Within days, all transactions initiated with Visa cards issued in Russia will no longer work outside of the country […]
The escalating Russian-Ukrainian tension has reached new limits, with war on the horizons reaching across the globe as the invasion has directly affected South Africa’s economic growth and recovery. While the war escalates, South Africa’s economic growth is slowed down. The Financial and Fiscal Commission (FFC) released a presentation warning of the collateral damage that could […]
Video-focused short video platform, TikTok, announced on Monday its latest alteration to its video length, with an update increasing the video length upload from three minutes to ten minutes, as it the platform enters a media battle with Russian state media in EU. The ByteDance owned company told Gizmodo in a statement that this alteration will deliver […]
Meta Platforms Inc, parent company of Facebook, will restrict access to Russian state media outlets RT and Sputnik on its platforms across the European Union, the company’s head of global affairs said on Monday. Nick Clegg said in a Twitter post that the social media company received requests from a number of governments and the […]
Alphabet Inc’s Google barred on Saturday Russia’s state-owned media outlet RT and other channels from receiving money for ads on their websites, apps and YouTube videos, similar to a move by Facebook after the invasion of Ukraine. Citing “extraordinary circumstances,” Google’s YouTube unit said it was “pausing a number of channels’ ability to monetize on […]
Russia’s probable invasion of its neighboring country, Ukraine, has reached the cryptocurrency market as decentralized assets’ valuation crashed with escalated tensions, resulting in cryptocurrency investors offloading their assets to safeguard their portfolios before any risky price fall. On Friday, U.S. President Joe Biden revealed that Russia’s President Vladimir Putin decided to take control of Ukraine, […]