The U.S. Energy Department said on Friday it will lend ioneer Ltd up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden’s plan to develop a domestic electric vehicle supply chain. Ioneer shares were up 16.3 percent at $16.30 on Friday afternoon in […]
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TikTok Chief Executive Shou Zi Chew on a visit to Brussels on Tuesday sought to reassure the European Union the app would respect the bloc’s increasingly stringent tech rules and commitments to privacy and child safety. The short-video app, which is owned by Chinese technology conglomerate ByteDance, has for the last three years worked to […]
Wall Street’s main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve’s interest-rate hiking path as they awaited minutes from its December meeting. Shares in electric vehicle maker Tesla Inc closed down 12 percent after hitting their lowest level […]
Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to startup accelerator Y […]
Equity indexes closed lower on Wednesday while U.S. Treasury yields rose as investors eyed 2023 with caution and weighed hopes for an economic boost from China’s relaxed COVID-19 restrictions against concerns about rising infections there. The yield on benchmark U.S. 10-year Treasuries rose for a third straight day, reversing an earlier decline as investors watched […]
With the world’s accelerated industrial and technological revolution, countries are increasingly adopting intelligent digital solutions to fortify their frameworks, be it economic, sustainable, or even security. With the world’s interconnection, the fusion of development is amplifying, and with this upsurge, the global embrace of technological means has reached new pinnacles. Technologies such as Artificial Intelligence […]
The world is increasing its awareness of technological development’s role in establishing a more robust economic foundation for the upcoming decade. The United Arab Emirates (UAE) is walking the line of digital transformation by preferring new unorthodox means to finally fulfill its ambitious goals of becoming a knowledge-based country. Such intelligent innovation integration will eventually […]
An Indian parliamentary panel on Thursday recommended the government enact a digital competition act to regulate anti-competitive business practices by Big Tech companies on its platforms. Prime Minister Narendra Modi’s government has had strained relations with many large technology companies, and New Delhi has been tightening the regulation of firms such as Facebook, YouTube and […]
Aluminium makers are set to boost low-carbon metal output by 10 percent in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly supplies and shrinking the industry’s hefty carbon footprint. Aluminium is the most energy-intensive metal to produce, accounting for about 1.1 billion tonnes of global […]
The year 2023 is upon us. It promises new and improved technology to take us deeper into the digital age. 2022 was a hallmark in the industry, from the 5G rollout to artificial intelligence (AI) popularization. In fact, we are ending the year in a controversial tone as artists and writers worldwide worry about their […]