Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that President Joe Biden will nominate Jerome Powell for a second four-year term at the helm […]
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The European Commission said Thursday that it could approve aid to fund production of semiconductors in the 27-nation bloc amid a global chip shortage and intense worldwide competition to fill the need. The EU’s executive arm expects that the scarcity of semiconductors — a key component in everything from smartphones to cars — will last, […]
E-commerce giant Alibaba Group’s shares plummeted on Thursday in both New York and Hong Kong listings by more than 10 percent, following the giant’s drastic cut in sales, led by slow growth in China’s consumer spending. Following the quarterly results, Alibaba revealed expectations of reaching a 20 to 30 percent rise in sales in the […]
U.S. Congress leaders revealed on Wednesday that lawmakers are working on a draft to discuss a definitive settlement on a bill to elevate semiconductor manufacturing and U.S. technology rivalry with China. The Senate and the House of Representatives leaders declared their latest tactic to heighten the country’s technological empowerment margin. Democratic New York Senator and […]
Haptic gloves company “HaptX” is alleging that Meta has emulated its design in its latest uncovering for the Haptic Glove in Wednesday’s reveal, stating it appears “to be substantially identical” to its patents. Virtual Reality (VR) and Augmented Reality (AR) haptic glove pioneer HaptX pointed fingers at Meta – formerly known as Facebook – stating […]
Years after coming under scrutiny for contributing to ethnic and religious violence in Myanmar, Facebook still has problems detecting and moderating hate speech and misinformation on its platform in the Southeast Asian nation, internal documents viewed by The Associated Press show. Three years ago, the company commissioned a report that found Facebook was used to […]
Google announced on Tuesday the release of its latest feature directed at local journalism readers and reports to assist in organizing local news outlets. The latest feature will deliver more transparency to homegrown news content when individuals seek information concerning their community. According to the search engine, its latest feature is not a new one […]
Australian Prime Minister Scott Morrison on Wednesday announced a new plan to protect and promote technologies critical to the national interest, including quantum technologies, in a challenge to China’s emerging dominance in key strategic fields. The initial focus would be on nine critical technologies on a list of 63. The top nine include quantum technologies […]
A group of U.S. states filed Friday in a New York federal court an amended lawsuit against Google advertising monopoly with allegations of breaking antitrust laws by adopting strongarm strategies to empower its ads business. Alphabet’s unit has been under fire for its affiliated methodologies to heighten its supremacy in the advertising market, with regulatory […]
President Joe Biden signed on Monday a $1 trillion infrastructure bill to reconstruct the country’s foundation from roads, electricity and expanding access to broadband internet. The President’s latest legislation will be the heftiest federal funding for infrastructural framework in more than a decade. The program incorporates a $65 million funding to enhance broadband accessibility to […]