Ticketmaster agreed on Wednesday to pay a $10 million fine to escape prosecution over criminal charges accusing the company of hacking into the computer system of a startup rival. A judge in federal court in New York City signed off on the deal in what’s been a long-running legal battle that challenged Ticketmaster’s dominance over […]
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While the pandemic has affected us in almost every way possible, its plain to see the economic impact of the covid-19 pandemic and its devastating blow on individuals, families and businesses across the world. As of late, the pandemic is projected to put 100 million people into extreme poverty – all while reshaping what extreme […]
Covid-19 was the major theme throughout 2020. It tested the fortitude of governments, companies, economies, and individuals alike in the face against a radical disruption that heavily touched the way we live our lives on every level. As with any sudden shift in global lifestyle, there have been those who have painfully adapted, while others […]
The world is becoming more and more digital as time passes, with finance services championing this transformation, especially with the increasing demand of contactless digital payments swooping in, as the global Covid-19 pandemic magnifies our need for them. Many central banks around the world are looking to create their own digital currencies (CBDC) to spearhead […]
State-owned Saudi Telecom Company (STC) announced a $500 million partnership deal with venture capital fund eWTP Arabia Capital, and Alibaba Cloud to provide high-performance public cloud services in the Kingdom. Alibaba Cloud, which is the digital technology and intelligence backbone of Alibaba Group, considers KSA as a strategic market for its operations in the GCC […]
The functionality of video games has long been expanding beyond just entertainment and storytelling for a while now. Gamification in medical treatment, education and training, and therapy are becoming increasingly commonplace. Researchers from University of Washington’s Institute for Protein Design are using a free online protein puzzle game called Foldit to figure out how to block […]
We streamed, we Zoomed, we ordered groceries and houseplants online, we created virtual villages while navigating laptop shortages to work and learn from home. In many ways, 2020’s pandemic-induced isolation threw our dependence on technology into overdrive, snipping away at our real-life connections while bringing digital relationships to the fore. But for every life-changing Zoom, […]
Following the rollout of several vaccines around the world, the once lost idea of traveling, going to the movies and concerts, and in-store shopping – is being currently revived with the development of a vaccine passport application. Companies and technology groups already started developing systems and smartphone apps that permit users to upload their coronavirus […]
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The People’s Bank of China, the country’s central bank, summoned Ant executives on Saturday and ordered them to formulate a rectification plan and […]
Retail sales increased a modest 3% during a longer holiday season this year, as homebound shoppers spent more on furnishing and food but less on clothing and jewelry, according to figures released Saturday by a firm that tracks all forms of payments. The increase fell short of predictions from the National Retail Federation, the nation’s […]