By KELVIN CHAN AP Business Writer LONDON (AP) — Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter their market dominance and prevent them from exploiting consumers and small businesses. The U.K. government said Friday that it’s setting up a “Digital Markets Unit” next year to […]
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When Facebook and Twitter moved quickly this week to limit the spread of an unverified political story published by the conservative-leaning New York Post, it led to predictable cries of censorship from the right. But it also illustrated the slippery hold even the largest tech companies have on the flow of information, particularly in the […]
By JOE McDONALD AP Business Writer BEIJING (AP) — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities. The new measures announced Friday expanded a U.S. campaign against Chinese companies Washington says might be security threats or […]
>By BARBARA ORTUTAY AP Technology Writer OAKLAND, Calif. (AP) — For a preview of the future of office work, watch how the biggest tech companies are preparing for a post-pandemic world. Silicon Valley and Seattle giants — Facebook, Microsoft, Apple, Twitter — were the first to send their employees home as the virus spread to […]
In an obvious move that makes clear its intention to be a leading actor in the nascent telco edge computing market, IBM revealed a series of new software solutions and applications which are designed to assist CSPs (Communication Service Providers) and enterprises to develop and execute their edge computing strategies, citing the “5G era” as […]
After almost ten years of investigation, Apple and two of its wholesale distribution partners have been fined a total $1.24 Billion. Apple will pay a record $1.1 Billion – now, the highest fine ever, issued by the French Competition Authority. Tech Data will have to pay €76,107,989, and Ingram Micro €62,972,668. The companies have been […]
Tech giants are predicted to take up to around 40% of the $1.35 trillion in US financial services revenue from incumbent banks. Three of the largest US based, multinational tech companies — Apple, Google, and Amazon — are increasing their scope and slowing encroaching on financial services and the new era of FinTech. This is […]
BEIJING (AP) — Chinese tech companies including social media giant Tencent were ordered by regulators on Thursday to clean up how their apps handle user information or face possible penalties. The order is the latest in a series of crackdowns by Communist authorities who encourage internet use but are steadily tightening censorship and other controls […]
Taiwan on Thursday proposed larger tax breaks for technology companies’ research and development (R&D), seeking to retain its leading position in semiconductor manufacturing as other countries offer billions to bolster their chip industries. The economy ministry said it is imperative for Taiwan to remain competitive as countries including the United States, Japan and South Korea […]
Financial innovations are happening globally, with telecom companies aiming to be critical players and thrive alongside and by utilizing fintech solutions and finding a footing in the fintech space. Experts note that the shift into digital aspects will be permanent. Smartphones currently power financial services and payments, allowing access to revitalized data, embracing technological innovations, […]