TOKYO: Japan’s government on Tuesday approved a draft amendment to existing legislation to allow for the installation of offshore wind power in exclusive economic zones (EEZ), a milestone towards the country’s goal of carbon neutrality by 2050. Japan aims to have 10 gigawatt (GW) of offshore wind power projects by […]
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BRUSSELS : Meta Platforms was hit with privacy complaints on Thursday as eight EU consumer groups asked watchdogs to act against the Facebook owner for allegedly breaching the bloc’s privacy rules when it hoovers up user data. The complaints by the consumer groups in the Czech Republic, Denmark, France, Greece, […]
KUALA LUMPUR : Malaysia’s finance ministry on Thursday dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit’s value to appreciate this year. The ringgit has fallen about 3.7 per cent this year so far and briefly hit a 26-year low last […]
TOKYO: The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. Leading cryptocurrency bitcoin soared to a more than two-year high above $57,000 after […]
OTTAWA: Canada on Monday unveiled draft legislation to combat online hate that would force major companies to quickly remove harmful content and boost the penalty for inciting genocide to life in prison. The Liberal government of Prime Minister Justin Trudeau introduced the bill with the stated aim of protecting children […]
JAKARTA: Facebook parent Meta Platforms on Thursday said it understood it was not required to pay for content of news publishers posted voluntarily by users in Indonesia, following a government regulation seeking a sharing of profits between digital platforms and media firms. Indonesia’s president signed a regulation on Monday requiring […]
NEW YORK: No single stock has embodied the U.S. market’s artificial intelligence fervor as much as Nvidia Corp, leaving Wall Street tied to the fluctuations of its volatile shares. The semiconductor company, whose chips are considered the gold standard in the AI industry, forecast fiscal first-quarter revenue above estimates after […]
NEW YORK: Elon Musk can ask a U.S. District Court to review a magistrate judge’s order that he must testify in the Securities and Exchange Commission’s investigation of his $44 billion takeover of Twitter, according to a court notice filed on Friday. Lawyers for Musk on Thursday had said in […]
Andrej Karpathy, an artificial intelligence researcher and one of the founding members of OpenAI, said in a post on social media platform X that he departed the Microsoft-backed company on Monday. The news marks a significant departure from OpenAI, one of the top labs competing to develop increasingly capable artificial […]
TOKYO : The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight. The U.S. currency’s push above 150 yen for the first time since Nov. 17 spurred Japan’s top […]