Showing 1 - 10 of 32
High-flying tech giants buffeted by turbulent times, earnings show
AFP, Published on 29/04/2022
» SAN FRANCISCO: Tech giants that saw good times during the pandemic are dealing with a "hangover" compounded by inflation and the war in Ukraine, analysts have said after earnings released this week.
IMF urges El Salvador to remove bitcoin as legal tender
AFP, Published on 26/01/2022
» WASHINGTON: The IMF on Tuesday called on El Salvador to change course and stop using bitcoin as legal tender, citing "large risks" posed by the cryptocurrency.
CES tech fair opens under pandemic shadow
AFP, Published on 05/01/2022
» LAS VEGAS - The Consumer Electronics Show (CES) throws open its doors to thousands Wednesday in Las Vegas despite surging Covid-19 cases in the United States, as one of the world's largest trade fairs tries to get back to business.
Facebook announces 10,000 EU jobs to build 'metaverse'
AFP, Published on 18/10/2021
» PARIS: Facebook on Monday announced plans to hire 10,000 people in the European Union to build the "metaverse", a virtual reality version of the internet that the tech giant sees as the future.
Dorsey's Square to buy Australia fintech Afterpay for $29 billion
AFP, Published on 02/08/2021
» SYDNEY - Jack Dorsey's Square unveiled a record $29 billion deal to snap up Australia's fast-growing buy-now, pay-later firm Afterpay, in a major bet on the burgeoning sector, sending its share price soaring Monday.
Big Tech booms even as lockdown living wanes
AFP, Published on 30/07/2021
» SAN FRANCISCO: Big Tech goliaths like Facebook and Amazon unveiled whopping profits this week, showing their dominance in lockdown lifestyles is on course to grow well beyond the pandemic.
Fast-growing but controversial, Robinhood falls in Nasdaq debut
AFP, Published on 30/07/2021
» NEW YORK: Robinhood had a rough start on Wall Street Thursday, falling sharply in its Nasdaq debut after the fast-growing online trading app raised $1.9 billion in an initial public offering.
Apple profit nearly doubles as lockdowns eased
AFP, Published on 28/07/2021
» SAN FRANCISCO: Apple said Tuesday its profit in the just-ended quarter nearly doubled amid improving consumer spending and a "growing sense of optimism" as pandemic lockdowns eased.
Huge changes for internet and Big Tech under US antitrust proposal
AFP, Published on 20/06/2021
» WASHINGTON: The antitrust overhaul package unveiled in Congress targeting Big Tech, if enacted, could have far-reaching effects on how people use the internet and on America's biggest and most successful companies.
Fed chair says cyberattacks main risk to US economy
AFP, Published on 12/04/2021
» WASHINGTON - Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale cyberattack than another financial crisis like that of 2008.