England’s loss against Italy in the UEFA Euro 2020 final on Sunday night did not only crush the dream of millions who believed the championship was coming home, but it also unleashed a wave of deeply rooted racism that remains embedded in today’s modern world. Social media, including Instagram, Twitter and Facebook, were flooded with racial abuse and slurs targeted towards England’s Black football players. As anger boiled […]
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As the world increasingly focuses attention on climate change, Roland Busch, the CEO of Siemens AG, says his company is well-positioned to help manage the challenges. Munich-based Siemens specializes in making buildings, factories and railroads more efficient through digitalization and automation. And its medical unit includes technology that could lead to faster treatments for stroke […]
At this point, the idea of Elon Musk easily playing with the crypto market through social media is reoccurring, as the Tesla Chief strikes once again with another tweet that swung the market in the favor of Dogecoin. Leave it to the “Dogefather” himself to lift the meme-coin from its slump. After witnessing a steady […]
China on Sunday said it will take “necessary measures” to respond to the U.S. blacklisting of Chinese companies over their alleged role in abuses of Uyghur people and other Muslim ethnic minorities. The Commerce Ministry said the U.S. move constituted an “unreasonable suppression of Chinese enterprises and a serious breach of international economic and trade […]
Volvo Trucks North America says it will restart production at a plant in southwestern Virginia on Monday despite an ongoing strike and the lack of a labor deal between the company and a union representing nearly 3,000 workers. The company said in a news release that it will implement terms and conditions of a tentative […]
Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market power, the State Administration for Market Regulation […]
The Pentagon said it canceled a disputed cloud-computing contract with Microsoft that could eventually have been worth $10 billion. It will instead pursue a deal with both Microsoft and Amazon and possibly other cloud service providers. “With the shifting technology environment, it has become clear that the JEDI Cloud contract, which has long been delayed, […]
Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon’s biggest shareholder with a stake worth about […]
In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]
Didi Global Inc., a Chinese ride-hailing service, gained 1% Wednesday in its highly anticipated U.S. stock market debut, giving up most of a early double-digit gain. The Beijing-headquartered company’s initial public offering of 288 million shares was priced at $14 a share and opened at $16.65, up 16%. The shares closed at $14.14. Prior to […]