China is facing the worst power shortage in its history as the electricity crunch and authorities force manufacturers to cut down on production, an act that could unleash chaos within the tech supply chain. Companies are bracing themselves for what could be the pinnacle of production after COVID-19 merely ravaged the industry. Now, another factor […]
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Determined to keep track of their guns, some U.S. military units have turned to a technology that could let enemies detect troops on the battlefield, The Associated Press has found. The rollout on Army and Air Force bases continues even though the Department of Defense itself describes putting the technology in firearms as a “significant” […]
Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving. The addition, announced Tuesday, follows the purchase earlier this year of CARMERA Inc., a U.S. venture that specializes in sophisticated road mapping updates made cheaper […]
BEIJING (AP) — The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday. The European Union Chamber of Commerce in China appealed to Beijing to reverse course and open state-dominated markets wider. Its report adds to warnings about the […]
Computer-maker HP, consumer goods business Procter & Gamble and coffee capsule company Nespresso have joined a corporate pledge to sharply cut their greenhouse gas emissions over nearly two decades. The Climate Pledge, a grouping of companies and organizations spearheaded by Amazon, said Monday that it has signed up 86 new members for its voluntary measures. […]
Chinese watchdogs backed their regulatory scrutiny on their tech sector as they spoke on Tuesday with Wall Street executives disclosing that regulations are meant to enforce tech companies, not crush them. Fang Xinghai, China’s Securities Regulatory Commission Vice Chairman, told the executives that the government’s latest conduct on tech firms was aimed to enhance their regulations, in addition to bolstering national security and data privacy. […]
Ahead of Russia’s Sept. 17-19 parliamentary vote, foreign tech companies received a threat that made it clear that there will be sizeable fines if they fail to delete content Moscow doesn’t approve of. As cited by Reuters, Russia’s governmental officials have pointed the finger at foreign firms, accusing them of meddling with their efforts to […]
Amidst Beijing’s latest regulatory wave to impose dominion on its tech sector, China’s Big Tech shares drastically dropped on Monday as the country’s watchdogs intend to break down Ant Group Co.’s Alipay, at a speed the U.S. and the European Union cannot fathom or dare to indulge in. Following a Financial Times report stating that Beijing is […]
Apple revealed earlier today that it won’t allow Epic games to join its App Store until the two companies come to an agreement to “play by the same rules as everyone else,” following a prohibition of re-releasing Fortnite for iOS in South Korea. In August, a South Korean bill was passed forbidding search engine giant […]
Texas is one step further from passing a law cracking down on tech giants trying to moderate political content online. The bill outlaw’s social media companies that have over 50 million users, which include Facebook and Twitter, to censor users and content that is geared towards a political side. Hence, any Texas resident unable to […]