The European Union’s ambitious plan to update its pioneering internet rules gained momentum Tuesday after a key committee passed measures requiring technology companies to better police content and lawmakers prepared to vote on regulations to rein in Big Tech. The 27-nation bloc has for the past year been drafting a sweeping overhaul of regulations for […]
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Instagram is reported to have reached 2 billion monthly active users without officially announcing it, according to anonymous employees who broke the news to CNBC. The reason behind not announcing it is that the platform was under surveillance in the past few months for potentially causing harm to children and teens. The last time the […]
The company working to build a mine in southeast Nebraska to extract a rare element used to make steel lighter and stronger said Tuesday that it may also be able to produce some of the key ingredients needed to make the powerful magnets used in electric vehicles and other high-tech products. NioCorp Developments released a […]
New York City lawmakers are poised to decide Wednesday whether to prohibit most new buildings from using natural gas, a move that would make the nation’s most populous city a showcase for a climate-change-fighting policy that has been both embraced and blocked around the country. The measure is expected to pass the City Council and […]
Germany’s new government said Monday it is extending the country’s current incentive payments for buyers of electric and hybrid cars for a year but then plans to impose tougher requirements for vehicles to qualify for the support. The economy and climate ministry that was set up when Germany’s new government took office last week said […]
British antitrust regulators are opening an investigation into Microsoft’s $16 billion acquisition of speech recognition company Nuance in the latest sign they’re tightening scrutiny of big technology deals. The Competition and Markets Authority said in a brief statement Monday that it’s looking into the purchase because of concerns that it could result in a “substantial […]
Proposed British rules aimed at cracking down on harmful online content should be beefed up with tougher measures like making it illegal to send unsolicited graphic images, requiring porn sites to ensure children can’t gain access and moving faster to hold tech executives criminally liable for failing to uphold the regulations, lawmakers said in a […]
Dogecoin shares soared to over 18 percent on Tuesday following Tesla Inc. chief, Elon Musk’s announcement of the company’s altered tactic of accepting cryptocurrency payments for merchandise. The announcement revealed on Twitter sent Dogecoin shares to heighten in valuation when most cryptocurrencies seem to be dropping in value. “Tesla will make some merch buyable with […]
Australia’s government said Tuesday it plans to start making mRNA vaccines at home with a new plant that could produce up to 100 million doses each year. The announcement came as coronavirus cases in Sydney and surrounding areas jumped, driven in part by the omicron variant. The new factory would be built in Victoria state […]
The federal Occupational Health and Safety Administration said Monday it has opened an investigation into the collapse of an Amazon warehouse in Edwardsville, Illinois, after it was struck by a tornado on Friday, leaving six people dead and another hospitalized. OSHA inspectors, who have been at the site since Saturday, will look into whether workplace […]