Battery-powered vehicles will get top billing at the Los Angeles Auto Show, which opens this week after a year’s hiatus due to the novel coronavirus. Subaru, which has seen strong sales growth in the U.S. during the past decade, will unveil its first all-electric vehicle, a smallish SUV named the Solterra. VinFast, a Vietnamese automaker […]
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E-commerce giant Alibaba Group’s shares plummeted on Thursday in both New York and Hong Kong listings by more than 10 percent, following the giant’s drastic cut in sales, led by slow growth in China’s consumer spending. Following the quarterly results, Alibaba revealed expectations of reaching a 20 to 30 percent rise in sales in the […]
U.S. automobile manufacturers Ford Motor Co. and General Motors (GM) Co are altering their business plan by joining the semiconductor chip market, following a computer chip shortage that disrupted their global factory output for almost a year. On Thursday, Ford announced a calculated plan of going into business with semiconductor manufacturer GlobalFoundries Inc. to create […]
With the exponentially mounting tension between the U.S. and China, and each powerhouse launching its own Big Tech regulation crusade against homegrown giants, the U.S., and Europe have finally concluded how to target legion’s ever-growing supremacy. Both continental forces have finally taken their final stance regarding American tech chiefs, with the European Union (EU) having […]
Google announced on Tuesday the release of its latest feature directed at local journalism readers and reports to assist in organizing local news outlets. The latest feature will deliver more transparency to homegrown news content when individuals seek information concerning their community. According to the search engine, its latest feature is not a new one […]
The cryptocurrency market gets likened to the Wild West by critics, and now a key player is asking for sheriffs to come to town. Binance, the world’s largest exchange for trading Bitcoin and other cryptocurrencies, says it’s time for global regulators to establish rules for crypto markets. It released a list of “10 fundamental rights […]
President Joe Biden signed on Monday a $1 trillion infrastructure bill to reconstruct the country’s foundation from roads, electricity and expanding access to broadband internet. The President’s latest legislation will be the heftiest federal funding for infrastructural framework in more than a decade. The program incorporates a $65 million funding to enhance broadband accessibility to […]
Amazon has agreed to pay $500,000 and be monitored by California officials to ensure it properly notifies its workers about new coronavirus cases, the state’s attorney general said Monday. Amazon employs about 150,000 people in California, most of them at 100 “fulfillment centers” — sprawling warehouses where orders are packed and shipped. The agreement, which […]
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 […]
Silicon Valley’s chip production is lurching to enlarge its investments in Chinese semiconductor firms, as Washington’s rising tension of upholding its status in global innovation could be overthrown by Beijing’s bid for chip-sector sovereignty. One of the companies joining the semiconductor progression is Intel Corp. The chip manufacturer is backing Chinese company Primarius Technologies Co., […]