WASHINGTON: Two tech groups yesterday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it takes effect on Jan. 1. NetChoice, a national trade association that includes major tech platforms, and Chamber of Progress, a tech-industry […]
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Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based “identity and financial network”. Its native coin […]
BEIJING: China’s imports from Russia dropped in July, the first monthly decline since February 2021 when imports of oil and other goods began steadily rising after the outbreak of conflict in Ukraine, Chinese customs data showed on Tuesday (Aug 8). China’s imports from Russia shrank 8 per cent to US$9.2 […]
Meta boss Mark Zuckerberg has said he is “not holding his breath” over a proposed cage fight with rival Elon Musk. In a post on the new social media app Threads, Zuckerberg said he had proposed 26 August for the showdown. Responding to a post on X in which Musk […]
BENGALURU: Paytm’s founder and CEO, Vijay Shekhar Sharma, will buy a 10.3 per cent stake valued at US$628 million in the company from its largest shareholder, in a bid to simplify its ownership structure, the fintech company said in a filing on Monday (Aug 7). Sharma’s stake purchase from Antfin […]
TOKYO : The dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England’s decision to downshift to […]
BEIJING : China’s Ministry of Commerce said on Friday it would drop anti-dumping and anti-subsidy tariffs on Australian barley imports that had been in place for three years affecting billions of dollars of trade, as the two nations repair strained ties. China and Australia agreed in April to resolve their […]
TOKYO : Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. Many countries, including Japan, are relying on domestic consumption to underpin growth while the risk of global recession persists. Output rose […]
PARIS: Elon Musk is rebranding his Twitter platform as “X” and wants to create a super-app where users will do all their finances as well as their socialising. His inspiration is China’s WeChat, which dominates the Chinese internet with chat, payments, games and a host of other functions in its […]
SINGAPORE : The dollar fell on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank’s (ECB) rate decision later in the day. The Fed on Wednesday raised interest rates by a quarter […]