Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it’s a cold winter. The world is […]
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TAIPEI, Taiwan (AP) — The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Monday to produce electric cars for auto brands under a similar contract model. Foxconn Technology Group will produce cars and buses for brands in China, North America, Europe and other markets, said its chairman, Young Liu. […]
The third day of GITEX Tech Week 2021 was one full of announcements; many companies had waited until everyone was immersed into the action to get them fired up with their innovations and news. Ceremonies, statements, new releases, partnerships, and the like reciting exciting opportunities opened up in the world of tech. Be they local, […]
Members of the U.S. House Judiciary Committee confronted Sunday Amazon’s lead executives in a letter accusing them of misleading the Congress and potentially lying about the e-commerce giant’s business habits. The letter, signed by five Committee members, is taking into consideration “whether a referral of this matter to the Department of Justice for criminal investigation […]
This year, Chinese telecom giant Huawei took a different approach to incorporate our lives with technology.In GITEX’s innovative spectacle, Huawei dived into digital practices around cloud, AI, and 5G. The electronics business demonstrated how sophisticated technology revolutionizes and reshapes digital transformation across various sectors.With its 5G network, Huawei exhibited to visitors the role the fifth […]
As one of the Big Tech players, naturally, Microsoft UAE had to mark its presence during Dubai’s 2021 tech gala.Presenting one of the largest and most notable booths in GITEX, Microsoft designed it to host all its partners, as well as companies the giant is in collaboration with. Representing a variety of tech solutions, ranging […]
Spotify’s rising success drives it to explore new horizons with generating ads on podcast for higher revenues, as Britain’s watchdogs direct their attention towards Europe’s streaming platforms, Reuters reports. “We are increasing our ads business marketing workforce by over 70 percent in Europe, Australia, and Canada … and that’s off a pretty sizable base,” Spotify’s head of […]
NEW YORK (AP) — Interested in Bitcoin but don’t want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol “BITO” is expected to begin trading Tuesday, barring any opposition from regulators. […]
The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange Commission’s staff released Monday about January’s “meme-stock” mania. As […]
Facebook said it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform that promises to connect people virtually but could raise concerns about privacy and the social platform gaining more control over people’s online lives. The company said in a blog post Sunday […]