The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a U.S. export blacklist in a spreading conflict with Beijing over technology and security. The measure announced Thursday is the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen […]
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Riders for the app-based meal delivery platform Deliveroo held a strike in London Wednesday over pay and working conditions, part of a broader backlash against one of the U.K.’s biggest gig economy companies. Scooter and bicycle delivery riders waving flags and red smoke flares rode through the streets of Central London. Socially distanced protests were […]
Facebook said Tuesday it has removed hundreds of fake accounts linked to an Iranian exile group and a troll farm in Albania. The accounts posted content critical of Iran’s government and supportive of Mujahedeen-e-Khalq, a dissident group known as MEK. In many cases, the Facebook and Instagram accounts used fake profile names and photos. Facebook […]
Technology companies sighed with relief Monday after the Supreme Court sided with Google in a copyright dispute with Oracle. The high court said Google did nothing wrong in copying code to develop the Android operating system now used on most smartphones. To create Android, which was released in 2007, Google wrote millions of lines of […]
Russian authorities said Monday they would continue to slow down Twitter until mid-May, but wouldn’t block the social media platform for now because it has started to remove banned content faster. The announcement marks somewhat of a reprieve in the recent standoff between the Russian government and the platform, which has played a role in […]
Hitachi Ltd. is buying U.S. digital engineering services company GlobalLogic Inc. for $9.6 billion, the Japanese industrial, electronic and construction conglomerate said Wednesday. Tokyo-based Hitachi said the acquisition of the Silicon Valley company will strengthen Hitachi’s digital operations in a wide range of businesses, including IT, energy, industry and mobility. It will speed up efforts […]
Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday. The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game and entertainment industries. Pentagon officials have described the futuristic technology — which […]
Epic Games submitted a complaint Tuesday about Apple’s alleged “monopolistic practices” to the U.K. competition watchdog, which is investigating the iPhone maker over concerns it has a dominant position in app distribution. The move by the maker of the popular video game Fortnite is the latest salvo in its bitter battle over Apple’s App Store. […]
WeWork will finally go public this year, allowing investors to buy and sell its shares. But not through a traditional IPO. In the two years since the office-sharing company’s failed IPO, a new way to launch a stock on Wall Street has become fashionable: SPACs. Special purpose acquisition companies have been embraced by big institutions […]
Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of $2 billion due to an event with a U.S. client. Credit Suisse […]