General Motors says it’s looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea. The companies hope to have a decision on a site in the first half of the year, spokesman Dan Flores said Thursday. Flores would not say where the company is looking, but […]
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U.K. authorities have launched an investigation into Apple’s App Store over concerns it has a dominant role that stifles competition and hurts consumers. The Competition and Markets Authority said Thursday it was looking into “suspected breaches of competition law” by Apple. The announcement adds to regulatory scrutiny of the iPhone maker’s app distribution platform, which […]
Britain’s treasury chief on Wednesday announced an additional 65 billion pounds ($91 billion) of support for an economy ravaged by the coronavirus pandemic, extending job support programs and temporary tax cuts to help workers and businesses in his annual budget. Chancellor of the Exchequer Rishi Sunak told the House of Commons that it is too […]
Indian telcos across the board ended the two-day spectrum auction on Wednesday by committing a combined $10.6 billion to bolster their 4G spectrum across the country. The government-led auction saw operators purchase spectrum in several bands, the 700MHz spectrum, however, which can run 5G speeds, was left untouched due to its high reserve price. According […]
South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending. Preliminary data released by the Bank of Korea on Thursday showed the country’s gross domestic product last year contracted 1% from 2019. It was the […]
Venture capital firm Decisive Point announced Wednesday an investment in Asylon, Inc., a manufacturer of infrastructure and software for the deployment and operation of autonomous surveillance and defense systems. Decisive Point is a venture capital firm focused on technology for government, public safety, and defense. The amount of the investment was not disclosed. Philadelphia based […]
The world’s hopes for curbing climate change hinge on action by two giant nations whose relations are deteriorating: China and the United States. The two countries both say they are intent on retooling their economies to burn less climate-wrecking coal, oil and gas. But tensions between them threaten their ultimate success. China and the United […]
Google says it won’t develop new ways to follow individual users across the internet after it phases out existing ad-tracking technology from its Chrome browser, a change that could shake up the online advertising industry. Google says it’s taking the move to protect user privacy. It’s part of a broader shift in the industry as […]
President Joe Biden wants to change the way the U.S. uses energy by expanding renewables, but he will need to navigate a host of challenges — including the coronavirus pandemic and restoring hundreds of thousands of lost jobs — to get it done. The wind and solar industries have managed to grow despite a less-than-supportive […]
Anghami announced on Wednesday its merger with Vista Media Acquisition to become first Arab technology company to list on the NASDAQ, according to statement from the company, a leading music streaming platform and service in the Middle East and North Africa. Vistas Media Acquisition Company Inc. is a publicly traded special purpose acquisition company led […]