A Silicon Valley company has filed an antitrust lawsuit accusing Apple of cornering the market for heart-rate monitoring technology for the Apple Watch, and endangering wearers’ health. In a complaint filed late on Tuesday night, AliveCor said Apple shut out rivals by changing the heart-rate algorithm on its watch’s operating system, making rival technology incompatible….
PayPal to Allow Users to Withdraw Cryptocurrency to Third Party Wallets
PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets. The San Jose, California-based company, which opened its platform to digital currencies last October, at present does not let users move cryptocurrency holdings off its platform. The news was earlier reported by Coindesk, citing comments from Jose…
Bitcoin Price Plummets After Beijing Warns of Crypto Crackdown
May 26, 2021
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bitcoinBusinessChinaChina Business & Economychina money launderingChinese RegimecryptocurrenciesMarkets
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After increasing in value for months, cryptocurrencies, led by Bitcoin, have recently depreciated across the board. Chinese state media admitted that it’s directly related to two recent moves by Beijing financial authorities. The first major action was on May 18, when National Internet Finance Association of China, China Banking Association, and Payment & Clearing Association…
Canada’s Chance to Capitalize on Quantum Leadership
Canada can become a global leader in quantum technology, but it has to meet the challenge and not again fail to realize its potential by falling into age-old traps
Amazon to Buy MGM for $8.45 Billion, Gaining Access to Vast Trove of Titles Like ‘Rocky’ and ‘James Bond’
Amazon has sealed a deal to snap up Metro Goldwyn Mayer (MGM) for $8.45 billion, the two companies announced in a joint statement Wednesday, with the acquisition being Amazon’s second-biggest ever and the company’s boldest foray yet into the entertainment industry. With the acquisition, which is subject to regulatory approvals and other customary closing conditions,…
Australian Exports Records Historic High Despite Beijing’s Economic Coercion
May 26, 2021
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Asia & PacificAustraliaAustralian Bureau of StatisticsAustralian economyaustralian exportsBusinesschina-australia trade disputeChina's Ban on Australian ExportsEconomiesInternationalWorld
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Australian exports reached a historic high of $36 billion (US$28 billion) in April on the back of skyrocketing iron ore prices. Preliminary monthly trade data from the Australian Bureau of Statistics (ABS) also reveals that Australia’s trade goods surplus rose to $10.1 billion (US$7.9 billion), the third-highest on record. “Exports remained steady, increasing $12.6 million…
Tesla Doubles Down on Camera-Based Autopilot Amid Growing Scrutiny
BERKELEY, Calif.—Tesla Inc said on Tuesday it will drop a radar sensor in favour of a camera-focused Autopilot system for its Model 3 and Model Y vehicles in North America starting this month. The move came amid growing scrutiny by regulators and media about the safety of what Tesla dubs “Autopilot” and “Full Self-Driving (FSD)”…
Binance Coin Loses Third Place in Cryptocurrency Ranking Amid US, German Investigations
News Analysis The Binance Coin recently dropped out of the top three in cryptocurrency market ranking as Binance, the world’s largest crypto asset trading platform, is being investigated by U.S. and German authorities. As of May 25, the Binance Coin (BNB) ranked fourth in market value at $50.8 billion, dropping from $90.5 billion, its market value on…
Biden Signs Bill Allowing Cruise Ships to Resume Service to Alaska
May 25, 2021
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President Joe Biden has signed into law a bill that lets cruise ships sail directly from Washington State to Alaska without having to dock in Canada, opening the door for cruise lines to resume cruises to Alaska after a pandemic-driven stoppage. The White House announced on Monday that Biden had signed H.R. 1318, or the “Alaska…
March Home Prices See Biggest Surge In 7 Years
Home prices in the United States jumped by the most in over seven years in March, as a growing number of eager buyers competed for a dwindling supply of housing stock. The March Case-Shiller 20-city home price index, released Tuesday, soared 13.3 percent in March on a year-over-year basis, the biggest gain since December 2013….
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