As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport and entertain us in a world increasingly dependent on technology. The shortage has already been rippling through various markets since last summer. It has made it […]
Technology
As global vaccination regimes and stimulus programs begin to hit beleaguered populations, the worldwide economy licks its wounds and readies up for acceleration, following the profound halt caused by the pandemic. According to the International Monetary Fund (IMF), both factors mentioned will push growth to a record high this year in a powerful rebound from […]
A civil rights group is suing Facebook and its executives, saying CEO Mark Zuckerberg made “false and deceptive” statements to Congress when he said the giant social network removes hate speech and other material that violates its rules. The lawsuit, filed by Muslim Advocates in Washington, D.C., Superior Court on Thursday, claims Zuckerberg and other […]
Twitter might be interested in buying Clubhouse, according to Bloomberg, adding that “The social media platform held talks in recent months to buy Clubhouse, the buzzy, audio-based, social network, for $4 billion.” The talks between the two social media platforms have reportedly stopped, and it is unclear why. It is also unclear whether Twitter or […]
The UK government launched on Wednesday a new tech watchdog that will help make sure tech giants, such as Facebook and Google, cannot exploit their market dominance to crowd out competition and stifle innovation. The Digital Markets Unit (DMU), based in the Competition and Markets Authority (CMA), will oversee plans to give consumers more choice […]
UPS is buying 10 electric vertical aircraft as it attempts to improve delivery times in small and mid-size markets. eVTOLs are a cross between a helicopter and a fixed-wing airplane, meaning they can fly at higher speeds, as well as ascend and descend vertically. In an announcement Wednesday, the Atlanta delivery company said it will […]
It will come to no one’s surprise that the pandemic has drastically changed the landscape and dynamic of the global workforce, forcing companies worldwide to either adapt or fall victim to the swiftness of the new working norm. Businesses scrambled to adjust, especially when making the switch to remote work arrangements; this, not only showed […]
Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal. Toshiba Corp. said it had asked for more details on the proposal it had received on Tuesday, was giving it “careful consideration” and would make an announcement “in due course.” Major Japanese newspaper Nikkei reported […]
A House subcommittee is investigating YouTube Kids, saying the Google-owned video service feeds children inappropriate material in “a wasteland of vapid, consumerist content” so it can serve them ads. The inquiry comes despite Google agreeing to pay $170 million in 2019 to settle allegations that YouTube collected personal data on children without their parents’ consent. […]
South Korean electronics maker LG said Monday it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services. LG’s board approved the shift in strategy and the company expects to fully exit the mobile phone business by the end of July, it […]