Major global stock indexes fell on Thursday under pressure from crucial U.S. inflation data, falling technology shares and rising benchmark bond yields. U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, which could fuel financial market speculation for a 50 basis points interest rate hike from […]
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In alignment with the National Strategy for Industry and Advanced Technology’s (MoIAT) goals to heighten innovation and revolutionize technological adoption, Spain’s Ministry of Industry, Trade, and Tourism (MITT) signed a Memorandum of Understanding (MoU) to establish a robust industrial collaboration with the United Arab Emirate (UAE). The MoU will structure a solid framework to simplify […]
OnlyFans, an online subscription platform known for adult content, has launched a feature for users to display verified NFTs as profile pictures, it said on Thursday. The UK-based company, which said it introduced the feature in December, joins social media companies such as Twitter and Reddit that have explored ways to incorporate the digital tokens […]
China’s cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a “clearer understanding” and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried out interviews with companies such […]
Dubai (UAE): In today’s hybrid IT environments, organisations are accelerating digital transformation for long-term growth and profitability. This transformation, however, comes at a cost for enterprises. According to Gartner, this journey is taking twice as long and costing twice as much than initially anticipated. To address this challenge, organisations must be able to understand their […]
China’s industry ministry published revisions to draft rules on Thursday dictating how companies and localities should manage data, bringing more specificity to the country’s evolving data governance regime. The updated rules, which China’s Ministry of Industry (MIIT) and Information Technology first published in September, removes a previous statement that “core data,” defined as data that […]
SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option left for the Japanese group after the collapse of its blockbuster sale to Nvidia. Arm, whose technology underpins the global smartphone industry, is most likely to float on the Nasdaq, SoftBank’s CEO said, […]
Lyft Inc closed 2021 with its first full-year adjusted profit as customers eager to step out and travel paid a record amount for trips during the fourth quarter and more drivers returned to work, the ride-hailing company said on Tuesday. Shares were down 3 percent in after-hours trading after Lyft missed Wall Street expectations for […]
Decentraland is a fully decentralized 3D virtual world where people can own, develop, and sell their own virtual land while also exploring other people’s land and buildings. The virtual plots of land can contain anything from static objects to interactive displays, games, music and video players, art, and even social events and whatever the imagination […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]