Apple Inc on Wednesday said that more of its supply chain is committing to use renewable energy in producing the company’s iPhones, Macs and other products. Apple said suppliers are supporting 13 gigawatts of active renewable energy projects, up from 10 gigawatts last year. Apple suppliers have made commitments to support an eventual total of […]
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Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past month as fear has stalked global banking, hitting an all-time high of 433,540 contracts on March 23 on Deribit, a leading exchange for crypto-focused derivatives […]
Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late Tuesday, CEO Tim Höttges said at the company’s annual general meeting. “We have the majority and are the largest shareholder of the world’s most valuable […]
Italy’s antitrust authority said on Wednesday it would investigate Meta Platform over the possible abuse of its position in talks over the rights to music posted on Meta’s platforms and potentially hurting competition in the sector. The dispute involved the Italian society of authors and publishers, SIAE. According to the antitrust regulator, Mark Zuckerberg’s company […]
French President Emmanuel Macron landed in China on Wednesday shortly ahead of EU chief Ursula von der Leyen as the two European leaders seek to smooth ties with a key economic partner while broaching thorny issues like Ukraine and trade risks. Macron on his first trip to China since 2019, spoke to US President Joe […]
China has urged the World Trade Organization to scrutinise US-led technology export restrictions aimed at curbing its ability to make advanced chips, state television said on Wednesday. Chinese representatives told a WTO meeting this week that Japan, the Netherlands and the United States should report their plans and subsequent measures to the body, which it […]
The US government’s ban on TikTok, a popular video-sharing app, has unintended consequences for both the US and China. The move was part of a larger effort to counter China’s growing influence in the global economy and technology sector. ______________________________ Three years ago, the United States government raised national security concerns over the popular video-sharing […]
The U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its tightening cycle, while the New Zealand dollar jumped after a larger-than expected interest rate hike. New Zealand’s central bank raised interest by 50 basis points (bps) to a more […]
The Biden administration on Tuesday released final guidance on how clean energy companies can secure additional tax credits when investing in U.S. communities economically tied to fossil fuels like oil and coal. The Inflation Reduction Act (IRA) passed last year by Democrats extended a 30% tax credit for wind, solar and other green energy projects, […]
U.S. President Joe Biden said on Tuesday it remains to be seen whether artificial intelligence (AI) is dangerous, but underscored that technology companies had a responsibility to ensure their products were safe before making them public. Biden told science and technology advisers that AI could help in addressing disease and climate change, but it was […]