TikTok issues have been the talk of the world lately, especially data privacy and children’s rights violations. Lately, numerous countries are banning TikTok citing security concerns. It comes down to two main reasons: data privacy and the lack of protection for children and minors. The application has 1.534 billion users out of which 1 billion […]
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Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company’s attorney said on Wednesday at a U.S. bankruptcy court hearing in Delaware. FTX attorney Andy Dietderich said the company is starting to think about its future after months of […]
Zambia is planning to finish tests that simulate real-world cryptocurrency usage by the end of June to help it create regulations that balance citizens’ safety with innovation, science and technology minister Felix Mutati told Reuters. The southern African country also needs digital infrastructure, including digital identities, before cryptocurrencies can be introduced, Mutati said in an […]
Shares of Apple Inc supplier Cirrus Logic Inc tumbled about 12% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones. Amid speculation Apple would use a button format that remains static, TF International Securities analyst Ming-Chi Kuo, known for his […]
A tempest has erupted over a letter co-signed by Elon Musk and thousands of others calling for a halt to AI research after the researchers listed in the letter denounced its use of their work, some signatories were found to be phony, and others withdrew their support. But let us take a closer look. A […]
Snap Inc, owner of photo messaging app Snapchat, said on Wednesday it has hired a former Google executive to help the tech company improve the performance of its digital ads. Darshan Kantak, who previously led product management for search ads at Alphabet Inc’s Google, joins Snap as senior vice president of revenue product. Before Google, […]
The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green products and technology, European Trade Commissioner Valdis Dombrovskis said on Wednesday. Sweden will host a fourth ministerial-level meeting of the Trade and Technology Council (TTC) on May 30-31, […]
European Union plans, due next week, will seek to speed up handling of failing banks to ensure they are not bailed out by taxpayers but “bailed in” using their own resources, EU documents seen by Reuters showed. The draft plans would have a requirement for EU authorities, including the European Central Bank, to give an […]
Major global currencies including the U.S. dollar were steady on Wednesday ahead of U.S. inflation data which investors will scrutinise for clues as to when the Federal Reserve could end its rate hiking cycle. The March inflation reading, due at 1230 GMT, is forecast to come in at 5.2% year on year, down from 6.0% […]
European stock indexes hit new highs on Wednesday as markets anticipated crucial U.S. inflation data which could give signals on how soon the Federal Reserve will end its aggressive rate hikes. After Friday’s jobs report showed a resilient U.S. labour market, emboldening bets of a 25 basis point hike at the Fed’s next meeting in […]