Tag Archives: technology
Apple’s market value falls below $2 trillion for the first time since 2021
(Reuters) - Apple Inc's market capitalization slipped below $2 trillion on the first trading of 2023 as its stock fell nearly 4% following a rating downgrade due to production disruption in China. App...
Syndicated Content Jan 03, 2023
Internet providers warn against EU plans to make Big Tech cover telcos costs
By Martin Coulter LONDON (Reuters) - A group representing internet service providers across Europe said on Tuesday that a proposal to make Big Tech companies pay towards telecom operators' network cos...
Syndicated Content Jan 03, 2023
Google alleges India antitrust body copied parts of EU order on Android abuse
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) - Google has told a tribunal in India that the country's antitrust investigators copied parts of a European ruling against the U.S. firm for ab...
Syndicated Content Jan 03, 2023
TikTok-owner ByteDance cuts hundreds of jobs in China – SCMP
(Reuters) - ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the South Ch...
Syndicated Content Jan 03, 2023
Bankman-Fried set to enter not guilty plea in FTX fraud case
By Jack Queen and Luc Cohen NEW YORK (Reuters) - Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at ...
Syndicated Content Jan 03, 2023
Ferrovial to build data centre for Microsoft in Madrid – Cinco Dias
(Reuters) - U.S. tech giant Microsoft has commissioned Spain-based infrastructure company Ferrovial to build a data centre near the Spanish capital, the Cinco Dias newspaper reported on Tuesday. While...
Syndicated Content Jan 03, 2023
Startups spring from ashes of Big Tech purge
By Supantha Mukherjee, Martin Coulter and Krystal Hu (Reuters) - Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduc...
Syndicated Content Jan 03, 2023
Bahamas regulator sticks to estimate of FTX assets
(Reuters) - The Securities Commission of the Bahamas (SCB) rebuffed on Monday FTX's claims about the digital assets of its Bahamas unit held by the regulator, saying the debtors of the bankrupt crypto...
Syndicated Content Jan 02, 2023
SpaceX to raise $750 million at $137 billion valuation – CNBC
(Reuters) - Elon Musk's SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz, CNBC report...
Syndicated Content Jan 02, 2023
Foxconn Zhengzhou plant’s Dec shipments hit 90% of original target – source
TAIPEI (Reuters) - December shipments from Foxconn's Zhengzhou iPhone plant in China were 90% of the firm's initial plans, a source with direct knowledge of the matter said, as the facility strives to...
Syndicated Content Jan 02, 2023

