Category: Business & Economy

Road Pricing Technology Could Mean an ‘End to Privacy’ for UK Motorists

The Alliance of British Drivers has criticised plans for road pricing—based on “spy in the dashboard” technology—as the “end of privacy” for motorists. In February road pricing—charging motorists for every mile they drive—was put forward by a committee of MPs as a solution to the £35 billion ($43 billion) tax gap that will be created…


China’s Protracted Lockdowns Cause Critical Shortages in West

Hospitals in the United States are on high alert, with some doctors prioritizing patients in critical condition as the prolonged lockdown in China’s Shanghai has caused a global shortage of chemicals used in medical imaging. Some of the largest U.S. hospitals said earlier this month they were facing significant shortages of iodinated contrast media products,…


Apple Seeks to Persuade Store Workers Unionizing Not In Their Interests

Apple, Inc. (NASDAQ: AAPL) employees have been vehemently voicing concerns over pay and working conditions in recent times. Store workers are also attempting to unionize on the premise that a collective voice would pressure the tech giant into yielding to their demands. It appears that Apple is beginning to respond to the employees’ efforts. Apple Flaunts Worker-Friendliness:  Apple has posted laminated…


Former Facebook Crypto Chief Launches Bitcoin Payments Company

David Marcus, the former head of Meta Platforms Inc-owned Facebook’s crypto project Diem, has launched a Bitcoin payments startup. What Happened Marcus and a few ex-Meta crypto team members have started a new venture, according to a report from TechCrunch on Thursday. The new company, called Lightspark, would build on the Bitcoin Lightning Network. It will reportedly…


US Court Relieves Google From DOJ Allegations

Alphabet Inc.’s Google dodged court sanctions after the Justice Department reprimanded it for hiding documents from government lawyers, Bloomberg reports. The U.S. government argued that Google used “silent attorney” emails to avoid disclosing records in litigation. Google allegedly exploited the legal privilege to protect sensitive internal communications. The DOJ wanted Google to turn over internal emails that it had…


You Can Now Get Elon Musk’s Super-Fast Starlink Internet In These 32 Countries

Tesla Inc CEO Elon Musk’s SpaceX said it has significantly expanded the coverage of its super-fast, satellite-based internet service Starlink. What Happened SpaceX said on Thursday Starlink is now available in 32 countries, with plans to launch in many more in the coming months and year. “Starlink is now available in 32 countries around the world. People ordering from areas marked ‘available’…


Toshiba Receives Interest From 10 Potential Investors

TOKYO—Japan’s beleaguered Toshiba Corp. said on May 13 that it has received interest from 10 potential investors after soliciting buyout offers. The conglomerate, long under pressure from activist shareholders, also announced a special dividend worth some $545 million, the second year in a row it has issued such a payout. Toshiba, which has since 2015…


India Open to Exporting Wheat to Needy Nations Despite Ban

NEW DELHI—India on Sunday said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier. India’s Commerce Secretary B.V.R. Subrahmanyam told reporters the government will also allow private companies to meet previous commitments to export nearly 4.3 million tons of wheat until July….


How to Defend Your Company on the New Frontier of Payment Fraud

The remote work era brought on by the COVID-19 pandemic has made it even easier for criminals to execute payment fraud attacks. For most companies, it’s become a matter of when they’ll face a fraud attack—not if. New defenses are needed, because the nature of cybercrime is changing. For many years, bad actors focused on…


Memory Chip Maker Micron Launches New Pricing Experiment for Stability

SAN FRANCISCO—Chipmaker Micron Technology Inc. on Thursday announced it was experimenting with a new pricing model for its chips called forward pricing agreements that would aim to stabilize the steep price fluctuations that plague the industry. “I’m super excited to announce that a top 10 customer has already signed up on this model with us,…