Facebook’s owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm. Its shares fell 26.4% after quarterly figures disappointed investors. Meta also said that Facebook’s daily active users (DAUs) had dropped for the first time […]
Business
JD.com founder and CEO Richard Liu will donate 62.4 million shares of the company to charity, the Chinese e-commerce giant said on Wednesday, adding to a list of similar philanthropic pledges from the country’s top tech billionaires. The move comes as China tightens scrutiny on its tech sector, including JD.Com […]
HELSINKI : After three quarters of growth, Finland’s Nokia is expected to round 2021 off with another set of strong results, which investors hope will lead to the resumption of dividends and a bolder outlook for this year’s revenue. Under CEO Pekka Lundmark, who took the helm at Nokia 18 […]
BEIJING: China has selected 15 pilot zones and identified several areas of application to “carry out the innovative application of blockchain” technology, according to a joint government statement on Sunday (Jan 30). The pilot zones include areas in China’s major cities of Beijing and Shanghai, as well as Guangzhou and […]
Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter. Meta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra […]
STOCKHOLM : SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence across supply-chain financing and working capital loans. Taulia works with financial institutions to allow suppliers that use its […]
FILE – Protesters gather for a rally against COVID-19 vaccine mandates in front of the Lincoln Memorial in Washington, Sunday, Jan. 23, 2022. On Tuesday, Jan. 25, 2022, the Biden administration said it has officially withdrawn a rule that would have required workers at big companies to get vaccinated or […]
Twitter said governments around the world made requests to remove content from a record number of user accounts between January and June last year, in data to be released by the social media company on Tuesday. The platform said governments made 43,387 legal demands for the removal of content from […]
ZURICH : Logitech International expects the global shortage of semiconductor chips to continue throughout 2022, Chief Executive Bracken Darrell told Reuters on Tuesday. “I think it is going to be around a while,” Darrell said. “I don’t think it (the shortage) will be as severe by the time we get […]
TOKYO: Toyota Motor Corp will halt more production in Japan this month because COVID-19 infections among autoworkers had slowed supplies of parts, the company said on Monday (Jan 24). That disruption, which comes amid a shortage of semiconductors, will cut planned production this month by 65,000 vehicles, 18,000 more than […]