News

Russia Opens Cases Against Google, Other Foreign Tech Over Data Storage

Russia’s communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc’s Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on information battle since […]

China Pig Breeders go High-Tech in Self-Sufficiency Push

Tiny slivers of ear tissue snipped from hours-old piglets offer valuable clues for the team at Best Genetics Group (BGG) as it strives to improve the genetics of China’s hog herd to produce cheaper meat for the world’s top pork consumer. Breeding pigs that have larger litters, reach slaughter weight quicker and require less feed […]

Factbox-How is Elon Musk Funding his $44 Billion Offer to Buy Twitter

Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc (TWTR.N). From Oracle Corp’s (ORCL.N) co-founder Larry Ellison, a self-proclaimed close friend of Musk, to Saudi Arabian investor Prince Alwaleed bin Talal, who had earlier rejected the takeover bid, a bunch of investors had thrown their weight […]

Chinese Tech Firms Forced into 'Blood Listings' as Capital Dries Up

A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions […]

Google Web3 Team Assembled Amid Crypto Craze by Google's Cloud Division

Google’s cloud division announced the launch of an internal team tasked with building services for blockchain and Decentralized Application (DAO) developers. The decision to create Google Web3 solutions comes at a time of increased interest, activity, and use of crypto, blockchain, and Web3 tools. Amit Zavery, Vice President of Web3 Infrastructure at Google Cloud, allegedly […]

Amazon's Socially-Focused Shareholder Proposals Fall Short at Annual Meeting

A majority of Amazon.com Inc shareholders on Wednesday voted against each of 15 investor-led resolutions that challenged the company’s policies – including its treatment of workers and use of nondisclosure agreements, an executive said at its annual meeting. The total number of investor resolutions, including one introduced at the online meeting, was a record for […]

Saudi EV Plant Likely to be One of Three in Kingdom, says Minister

An electric vehicle (EV) assembly plant to be built in Saudi Arabia is likely to be one of three in the kingdom, investment minister Khalid Al-Falih said on Wednesday. United States-based EV maker Lucid Motors, which is more than 60% owned by Saudi Arabia’s sovereign wealth fund, plans to build its first overseas production factory […]

'Pay More Attention' Ethereum Co-Founder Says of Crypto Crash

Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy,” […]