Amsterdam-based telco VEON Ltd announced earlier this week its acquisition of a 15 percent minority stake in Pakistan Communications Limited (PMCL), which is the operating company of the country’s leading operator Jazz, from Dhabi Group for a sum of $273 million. The deal follows the Dhabi Group’s exercise of its put option announced on 28 […]
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Male bosses are burning women out at a lot more alarming rates than female bosses in tech workplaces during the pandemic, reports Girls in Tech group in their Tech’s 2021 study, “The Tech Workplace for Women in the Pandemic,” published Monday. Girls in Tech, a San Francisco-based global nonprofit, works to erase the gender gap […]
Stock trading app company Robinhood said Tuesday that it has submitted a confidential plan to go public later this year. The company based in Menlo Park, California, filed the paperwork with the Securities and Exchange Commission while at the center of a battle between online activist retail investors and institutional investors over companies such as […]
Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new CEO looks to turnaround the struggling chipmaker. The California-based company says the Arizona expansion will cost about $20 billion and create 3,000 permanent jobs as Intel builds a foundry business to provide chips for other […]
A recent paper published in Nature Machine Intelligence has found several common yet serious flaws with machine learning (ML) made for COVID-19 diagnosis and prognosis. At the start of the worldwide pandemic, companies such as DarwinAI, as well as major U.S. chipmaker Nvidia and groups such as the American College of Radiology kickstarted efforts to […]
China looked to Europe as an amicable partner as the continent’s leaders resisted being drawn into President Donald Trump’s conflicts with Beijing over trade, technology and human rights. On Monday, that image shattered when the European Union joined Washington, Britain and Canada in imposing sanctions on Chinese officials over accusations they abused ethnic minorities. Beijing […]
The developer of the conservative social network Parler is alleging he was defamed and improperly ousted by a prominent Republican Party benefactor, two men who replaced him at the company and a political commentator known for his support for former President Donald Trump. John Matze said in a lawsuit he was fired for trying to […]
GameStop, the video game retailer at the center of a social-media driven investment frenzy, said it lost $215 million in the 12 months ended Jan. 30 as it dealt with pandemic-related shutdowns and moved to transform itself into a more online-focused company. The company’s latest results, which fell short of Wall Street’s expectations, offered few […]
Britain plans to cut the size of its army and boost spending on drones, robots and a new “cyber force” under defense plans announced by the government on Monday. Defense Secretary Ben Wallace said the British Army would shrink from 76,500 soldiers to 72,500 by 2025. He said the army hadn’t been at its “established […]
Swedish telecom kit provider Ericsson was awarded on Monday the Best 5G Core Technology (Vendor) category for its dual mode 5G Core technology at the 5G Middle East and North Africa (MENA) 2021 Digital Symposium virtual awards ceremony. The award recognizes the best core network solution that is enabling network transformation or a new service […]