Meta has outlined extensive plans to limit the spread of “misinformation” and bolster “election integrity” in the upcoming Australian federal election by expanding its fact-checking network. The Facebook and Instagram parent company has invested considerable resources working with local groups to put together a complete set of election integrity measures, according to Meta Australia’s Head…
Facebook Won’t Fact-Check Politicians in Upcoming Australian Election: Meta
Apple Supplier Foxconn Signals Revenue Decline in 2022
Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics and a major Apple supplier, is predicting revenues will potentially dip this year due to continuing supply chain issues. In a March 15 earnings call, Foxconn Chairman Liu Young-way called 2022 a “very challenging year” but said he was “cautiously positive” about this year’s sales outlook. The company…
Amazon Wins EU Antitrust Nod for $8.5 Billion MGM Deal
BRUSSELS—Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM to help it to compete with streaming rivals Netflix and Disney+. The European Commission said the deal would not pose competition concerns in Europe, confirming a Reuters story on March 9. The EU competition enforcer said…
Intel Unveils $88 Billion Chipmaking Expansion Plan for Europe
LONDON—U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain. CEO Pat Gelsinger said Intel was investing the money “along the entire semiconductor value chain” as part of a holistic…
Anonymous Hacker Group Targets German Subsidiary of Russian Oil Giant Rosneft: Reports
Hackers have targeted the German subsidiary of the Russian state-controlled energy giant, Rosneft, Germany’s Federal Office for Information Security (BSI) said on March 14. Anonymous, an online group of hackers that has previously targeted Russian media channels, published a statement on Friday claiming responsibility for the attack on Rosneft Deutschland GmbH. The group said it had captured 20 terabytes…
US Software Company Drops Chinese Drone Maker DJI Over Russia-Ukraine War
March 15, 2022
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Business & EconomyChinaChina Business & EconomyCompaniesDJIdroneEuropeFigmaInternational RelationsRussia-UkraineRussia-Ukraine WarTechTech NewstechnologyUSUS NewsUS-China relationsWorld
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Figma, a fast-growing U.S. provider of vector graphics editing softwares, closed access to its services for the world’s leading drone maker, China’s DJI, on March 12, according to Chinese state-run media China Fund on March 13. The financial newspaper operated by the People’s Daily posted an email that it is was sent by Figma to DJI….
Volkswagen, Ford Deepen Electric Vehicle Cooperation
FRANKFURT—U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent. “Our march toward an all-electric future is an absolute necessity for Ford to meet the…
Malware Attacks Affect 10 Million Mobile Devices Worldwide: Report
Malicious actors are waging “increasingly sophisticated” attacks on smartphone and app users, according to a new report from U.S. mobile security firm Zimperium. According to its Global Mobile Threat Report 2022, around 30 percent of “zero-day” vulnerabilities—a known weakness in a system that has yet to be patched—were found in mobile devices over the course…
Musk Says Tesla, SpaceX Face ‘Significant’ Inflationary Pressure
March 14, 2022
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Business & EconomyCompanieseconomyElon MuskEuropeinflationInflationarypressureRussia-Ukraine WarSpaceXTechteslaUSUS NewsVideoWorld
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Tesla Inc. Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet on Sunday also asked about inflation rate outlook and said his companies “are not alone,” retweeting an article saying the Ukraine-Russia conflict sent commodity…
Elon Musk Faces Legal Challenge Over Claim That His Tesla Financing Tweet Was True
March 14, 2022
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Business & EconomychallengeCompanieseconomyElon MuskfinancingJudiciarylegalSECTechTech NewsteslatweetUSUS News
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Tesla Inc. CEO Elon Musk may soon be heading for a courtroom battle with company shareholders who claim that they have lost billions of dollars because of Musk’s 2018 tweet on taking Tesla private. A ruling in favor of the shareholders would allow them to focus at trial solely on connecting Musk’s allegedly false statement…
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