Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet on Sunday, three people familiar with the matter told Reuters. The food crisis caused by the war in Ukraine has sparked a food versus […]
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LincTex Digital, best known for developing its virtual try-on technology for fashion e-commerce, raised $100 million in a fund-raising round led by Hillhouse Capital and CDH Investments, according to the company’s official WeChat account. The money has been earmarked for international expansion and a further shift into the digital fashion realm, it said on Tuesday. […]
Netflix Inc said it laid off 300 employees, or about 4 percent of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. The move mostly affected its U.S. workforce and came after the company cut 150 […]
Few things are more frustrating than needing to download an app to take a video and then see that “Storage is Full” notifications. After that, you’ll delete a few photos or random videos you didn’t know you had and try again, only for your storage to fill up again pretty soon after. If your phone […]
The U.S. and NASA will soon put nuclear power on the Moon thanks to Department of Energy (DOE) cooperation. The space agency announced on its website that three design proposals for a nuclear fission system that may be installed on the lunar surface had been shortlisted by the agencies, and the promise of at least […]
Swedish telecom equipment maker Ericsson said on Tuesday it expects global 5G mobile subscriptions to surpass 1 billion in 2022, helped by higher adoption in China and North America. A weaker global economy and the uncertainties caused by Russia’s invasion of Ukraine lowered its estimate for 2022 by around 100 million, the company said in […]
China’s Tencent Holdings announced to its staff on Monday the official formation of an “extended reality” (XR) unit, three people familiar with the matter said, formally placing its bets on the metaverse concept of virtual worlds. The unit is tasked with building up the extended reality business for Tencent including both software and hardware, the […]
Data is undoubtedly the central player in today’s business world. The different markets have reached a level of competitiveness that companies have been looking for the killer idea or even the best understanding of the market that will provide it with a competitive edge. Artificial intelligence (AI) has become an integral component in the operations […]
Cryptocurrency exchange Binance’s Chief Executive Officer, Changpeng Zhao, said on Thursday that volumes on the exchange so far in 2022 were similar to the $34 trillion it had in 2021. “So far this year, we are about the same,” he told the VivaTech conference in Paris, adding Binance traded around $120 billion on June 15. […]
Telephony Communication Technologies has embarked on its metaverse journey, as it leverages Web 3.0 technologies to bring merchants even closer to In conjunction with Elon Musk’s birthday on June 28, the Dubai-based supplier of communication services and solutions, which refers to itself as “the biggest ambassador of decentralised technology.” announced the soft launch of TCTx. […]