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Key reason for supply shortages: Americans keep spending

Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you’ll find a root cause of the shortages of just about everything. Even as the pandemic has dragged on, U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt […]

Brazil's awaited 5G tender yields billions in investment

Brazil held its much-anticipated auction for build-out of the nation’s fifth-generation wireless network on Thursday, with the open question of whether China’s Huawei telecommunications company will be involved. The technology promises faster speeds, less lag when connecting to the network and the ability to connect more devices to the internet. But the ambitious auction also […]

Tesla software recall may head off fight with US regulators

Tesla has issued a recall that automatically sent a software update fixing a safety problem in its electric vehicles, apparently heading off a looming confrontation with U.S. safety regulators. But recall documents posted on the National Highway Traffic Safety Administration website Tuesday don’t address another safety issue specified by the agency when it demanded that […]

UAE’s Etisalat marks a 2 percent rise in Q3, 2021

UAE-based telco, Etisalat, revealed its 2021, third quarter (Q3) financial report, unveiling a 2 percent rise in a fiscal year ending on September 30, reaching $3.62 billion. The group’s consolidated net profit rose to $653.38 million, imprinting a 1 percent increase in a fiscal year, with consolidated revenues reaching $3.62 billion, a 2 percent augmentation […]

Washington orders Chinese phone carrier out of US market

U.S. regulators are expelling a unit of China Telecom Ltd., one of the country’s three major state-owned carriers, from the American market as a national security threat amid rising tension with Beijing. China Telecom (Americas) Corp. is required to stop providing domestic interstate and international service in the United States within 60 days, under an […]

EXPLAINER: What the metaverse is and how it will work

The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could spring up again when Facebook releases earnings Monday, is the latest buzzword to capture […]

OpenSea fixes vulnerabilities against NFT hacks, research finds

Non-fungible tokens (NFT) marketplace, OpenSea has finally anchored its platform by fixing any vulnerabilities that could potentially expose accounts to NFT hacks on digital wallets and drain it, Check Point Research finds. NFT’s fame spread on all fronts as a crypto trend that transforms any digital asset into a distinctive blockchain asset or provides users […]

US regulators seek answers from Tesla over lack of recall

U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway Traffic Safety Administration told the electric car maker Tuesday that it must recall vehicles if […]