Beijing is planning to further tighten its grip on its tech sectors as its intensified its tech policies and regulations for overseas listing for China rising tech start-ups. China’s months-long regulatory campaign on its tech titans has left companies craving the sellout of their stakes abroad in order to register with the proposed guidelines by […]
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Japan’s Cabinet approved a record 5.4 trillion yen ($47 billion) defense budget for fiscal 2022 on Friday that includes funding for research and development of a new fighter jet and other “game-changing” weapons as Japan bolsters its defense capabilities in response to China’s growing military might and its tensions with Taiwan. The 1.1% budget increase […]
The U.S. has opened a formal investigation into the potential for Tesla drivers to play video games on a center touch screen while the vehicle is in motion. In a document posted Wednesday on its website, the agency says the feature, called “Passenger Play,” may distract the driver and increase the risk of a crash. […]
Intel Corp. apologized Thursday for asking suppliers to avoid sourcing goods from Xinjiang after the chipmaker became the latest foreign brand to face the fury of state media regarding the region, where the ruling Communist Party is accused of widespread abuses. The company, in a statement on its social media account, said the reference to […]
AT&T announced plans to sell its online advertising platform Xandr Inc. to Microsoft, a move that will welcome the Big Tech giant into the digital marketing field. The tech titan stated that Xandr’s digital ad marketing strategies would fundamentally heighten advertising and retail media capacities. Only last year, AT&T disclosed plans to put on the […]
China on Wednesday defended its international scientific exchange programs in the wake of the conviction of a Harvard University professor charged with hiding his ties to a Chinese-run recruitment program. Foreign Ministry spokesperson Zhao Lijian said China manages such exchanges along the same lines as the U.S. and other countries. U.S. agencies and officials should […]
On Monday, the Justice Department announced the extradition of Russian businessman Vladislav Klyushin to the U.S. from Switzerland for charges in an insider trading scheme to infiltrate U.S. computer networks. The owner of the Russian company, M-13, Klyushin, is charged with four others for potentially hacking into significant publicly traded U.S. firms to access earnings […]
Software maker Oracle is buying electronic medical records company Cerner in an all-cash deal valued at about $28.3 billion. Oracle will pay $95 per Cerner share and the deal is expected to close next year. Hospitals and physicians offices use Cerner software to record and share health and medical data. The companies said Monday that […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
European Union (EU) lawmakers backed a set of new rules on Wednesday directed at breaking down the authority of the Big Tech league in an unprecedented act to restrict their influence. The Digital Market Act (DMA) was structured to restrict limitations on these companies’ demeanor, in addition to imposing rules directed at their plans to […]