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Monday, Apr 12, 2021
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Can China Topple Dollar's Dominance With Digital Yuan?
The American reserve currency received a lot of criticism in recent years largely because of the quickness with which Washington slaps sanctions on other countries. All sorts of economic restrictions have limited the ability of dollar-us...
Cryptocurrency A Chinese 'Financial Weapon' Against USD, PayPal's Peter Thiel Says in Bizarre Speech
Speaking on Tuesday at a virtual event on US-China relations for the Richard Nixon Foundation, the major investor in cryptocurrencies and fintech firms made numerous accusations against Beijing.
China fines Alibaba record $2.75 billion for anti-monopoly violations
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
Microsoft in talks to buy AI firm Nuance Communications for about $16 billion -source
Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter.
S.Korean battery makers agree $1.8 billion settlement, aiding Biden's EV push
South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over electric-vehicle (EV) battery technology, avoiding a potential setback for U.S. EV ambitions.
Sunak urged to back Biden corporate tax plan ‘worth £13.5bn a year’
Campaigners say US global blueprint would help raise billions from multinationals and tech giants
Salesforce invests $40 million in text-marketing startup Community
Salesforce's investment in Community comes as the upstart looks to expand its customer base.
Airlines blast Britain's travel restart plan, Jet2 cancels holidays until June
British travel company Jet2 said it was cancelling holidays until late June, blaming uncertainty in UK government plans for restarting international travel, which were condemned by airlines.
Airlines warn the cost of Covid tests will stop people going abroad
Research shows travellers have to pay twice as much for PCR tests in the UK as they do in much of Europe
Greta Thunberg says she will not attend Cop26 climate summit
Swedish activist says uneven Covid vaccine rollout means countries would not participate on even terms
16,000 fake review accounts shut down by Facebook after UK competition watchdog intervenes
Facebook has removed 16,000 accounts linked to Facebook groups and Instagram profiles, after the UK’s Competitions and Markets Authority (CMA) intervened, holding the company to a pledge to take action against fraudulent activity.
Clubhouse: Is the audio app really worth $4bn?
Live-audio app Clubhouse is creating plenty of chatter - about itself.
Software flaw led to 'serious incident' on Tui flight
A "simple flaw" caused by a language difference led to a "serious incident" for a flight from Birmingham last year.
US blacklists seven Chinese supercomputer groups
The US has blacklisted seven Chinese groups it accuses of building supercomputers to help its military.
The woman who took on Google and won
Everyone has their breaking point. And when it comes it can be a small thing, an incident that usually wouldn't matter.
Redeeming their soles: ‘Satan Shoes’ to be recalled after Nike settles lawsuit with design firm
A Brooklyn-based company that sold modified sneakers containing human blood has agreed to recall the shoes as part of a settlement with Nike. The Satan-themed footgear had triggered outrage and confusion on social media.
'Our system is broken': Amazon accused of 'illegal & egregious' behavior as early voting results deal blow to unionizing drive
Amazon is in the lead amid a push to unionize one of its Alabama warehouses, with around 1,100 workers voting ‘No’ on the proposal so far, more than double those backing it, as the union claims the company used “illegal” tactics.
Study flags gender bias in Facebook's ads tools
Facebook users may not be learning about jobs for which they are qualified because the company’s tools can disproportionately direct ads to a particular gender “beyond what can be legally justified,” university researchers said in a stud...
Americans Are Turning Spare Bedrooms Into Giant Closets
As stores disappear, shopping in your own wardrobe becomes the ultimate luxury.
HSBC and Asian Development Bank join forces in $300 million vaccine financing
HSBC and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia’s supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday.
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