This has been a tough year to buy a new or used car in America. With COVID-19 factory shutdowns, semiconductor chip shortages, rising prices and supply chain issues, it’s been nothing but bad news for car shoppers. And for those who’ve waited, hoping Black Friday sales would bring some reprieve from high prices, we’re afraid […]
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The UK government’s Board of Trade uncovered Friday a report with plans to enhance digitalization of global trading to deliver significant opportunities for local businesses to play a role in empowering economic growth. The board, led by the country’s trade minister Anne Marie Trevelyan, structured the report to highlight the vitality of heightening digitalization of […]
Concerned by the misuse of political advertising to undermine elections, the European Union on Thursday unveiled plans to help people better understand when they are seeing such ads online and who is responsible for them. The proposals, aimed at ensuring fair and transparent polls or referendums, would also ban political targeting and “amplification techniques” used […]
Instagram CEO, Adam Mosseri, will give testimony before Congress on December 6th, in a set of hearings for the platform’s approaches towards teens’ online protection, The New York Times reported. The testimony will be a follow-up after Senate lawmakers intensified their scrutinizing gaze on the platform concerning how its parent company Meta – previously Facebook – […]
Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules. An investigation found that provisions in a 2018 agreement between the U.S. tech giants limited access to […]
A coalition of states attorneys general launched Thursday an investigation into Instagram’s ways of attracting and affecting the younger generation, especially younger girls, in their latest attempt to harshen regulatory scrutiny on Meta Platforms Inc, according to The Wall Street Journal. The examination into the social networking platform led by eight states, with Massachusetts and Nebraska […]
Taiwan’s Economy Minister Wang Mei-Hua revealed on Tuesday that the U.S. discussed with its country potential plans to address the semiconductor chip shortage, in addition to finding the needed approaches to counter China’s economic “coercion.” During the second session of an economic dialogue initiated last year, the discussion followed a week after a virtual meeting […]
General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. Pure Watercraft, founded in 2011, is […]
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 […]
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, […]