Apple Inc. and Microsoft Corporation, which released their quarterly earnings data last week have set a positive tone for the upcoming week, which will see other tech stalwarts release their own numbers. What Happened Wedbush analyst Dan Ives said in a recent note that tech stocks “way oversold on Fed fears.” The analyst noted a…
Apple, Microsoft Set Positive Tone Ahead of Another Key Earnings Week: Analyst Says Tech Stocks Are Oversold
T-Mobile to Fire Corporate Employees Who Aren’t Fully Vaccinated by April
In the wake of the Biden administration’s failed COVID-19 vaccine mandate aimed at large employers, T-Mobile US is still poised to fire corporate employees who don’t meet its vaccination requirements by April 2. Deeanne King, the chief human resources officer for the telecom giant, said in a memo first obtained by Bloomberg that employees who…
Dozens of States Say Apple Stifles Competition; Back ‘Fortnite’ Maker
OAKLAND, Calif.—Apple Inc. is stifling competition through its mobile app store, attorneys general for 34 U.S. states and the District of Columbia said on Thursday, as they appealed against a ruling that let the iPhone maker continue some restrictive practices. While dozens of state attorneys general have filed recent antitrust lawsuits against other big tech…
Tesla to Delay New Models in 2022 For Automated Vehicle Push
Elon Musk, the chief executive and founder of Tesla, said on Jan. 26 that the automaker will delay releasing its new vehicles, like the Cybertruck, until 2023 because of supply chain problems. However, the company predicted that it would be able to build 50 percent more vehicles than it made in 2021. South African born…
EU Aims to Invest Billions Euros in Chip Push, EU’s Breton Says
BRUSSELS—The European Union aims to invest tens of billions of euros to bolster its chip industry and double its share of global production to 20 percent, the bloc’s industry chief said on Friday, after a global shortage showed the risks of relying on Asian and U.S. suppliers. The EU’s ambitious plan comes after the United…
Amazon Closes SBA Program and Agrees to $2.25 Million Settlement Following AG Investigation
January 28, 2022
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Amazon agrees to pay a $2.25 million settlement and shut down its “Sold By Amazon” (SBA) sales program nationwide based on an investigation by the attorney general of Washington that found the company allegedly violated antitrust laws and engaged in price fixing. Attorney General (AG) Bob Ferguson announced on Wednesday that his office has filed…
Apple Testing New Feature That Allows Masked iPhone Owners to Unlock Device Using Face ID
Apple is testing a new feature that will allow iPhone owners to unlock their device using Face ID even while wearing a mask, according to tech YouTuber Brandon Butch. The feature is part of Apple’s new set of beta trials for the next version of its operating system called iOS 15.4 and comes nearly two years after…
Israel, Cyprus, Greece Electricity Cable Link Gets EU Money
NICOSIA, Cyprus—The European Union has earmarked 657 million euros ($736 million) for the construction of a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday. Pilides told reporters the funding is Cyprus’ largest-ever investment as well as the lion’s share of the…
WhatsApp Has Until End of Feb to Clarify Privacy Policy Change, EU Says
BRUSSELS—Facebook unit WhatsApp has been given until the end of February to explain changes to its privacy policy and whether this complies with EU consumer protection laws after complaints from consumer groups, the European Commission said on Thursday. The European Consumer Organisation (BEUC) and eight of its members took their grievances to the EU executive…
FCC Orders Shutdown of US Arm of China Unicom, Primary Telecom Provider for Beijing Olympics
January 27, 2022
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Business & EconomyChinaChina TelecomChina UnicomCompaniesFCCGlobal ExpansionNational SecuritySpecial TopicsTechTech NewstelecomUSUS NewsUS-China relations
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The Federal Communications Commission (FCC) on Jan. 27 voted to block state-owned China Unicom from the U.S. market, adding to a growing list of Chinese telecommunication carriers ejected from operating on American soil over national security concerns. The body’s 4-0 vote on Thursday means that all three of China’s leading wireless carriers are now barred,…
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