Mark Zuckerberg declared virtual reality the next frontier to drive Facebook’s growth a year ago. But there hasn’t been much of it so far. The company’s stock price has dropped, revenues are down, and profits are down. On Wednesday, the… Read More ›
Month: October 2022
Apple Announces It Will Adhere To EU Law, iPhones To Get USB-C Charging
According to Apple’s marketing chief, the company will have to comply with a European Union law that requires electronic devices to use a common charging standard known as USB-C. “Obviously we’ll have to comply,” Greg Joswiak, Apple’s senior vice president… Read More ›
Meta And Microsoft’s Metaverses Cannot Self-Regulate, According To A UK Regulator
The head of the United Kingdom’s media regulator, Ofcom, has warned that “metaverse” forays by tech titans such as Meta and Microsoft will be subject to new rules requiring platforms to protect users from online harms. Speaking at a policy… Read More ›
Slowing Economy Impacts Earnings Of Google And Microsoft
Sales at Alphabet and Microsoft have slowed sharply, adding to concerns about an economic downturn. Alphabet, which owns Google and YouTube, reported a 6 per cent increase in sales to $69 billion in the three months to September as companies… Read More ›
Asda Says Britons Are Turning To Air Fryers And Slow Cookers To Save Energy
Britons are starting to turn to energy-saving products such as air fryers and slow cookers to counter the cost of living crisis, according to supermarket chain Asda. In its monthly Asda Income Tracker for September, the company reported a 320… Read More ›
Big Tech Stocks Slip As The Results Raise Concerns
Gloomy Alphabet and Microsoft results fueled fears of a global economic downturn, derailing an earnings-led surge in stock markets on Wednesday, while setting the tone for results from other megacap technology behemoths. The Nasdaq fell nearly 2 per cent as… Read More ›
IEA’s Birol Says World Is In Its First, Actual Energy Crisis Globally
Tightening markets for liquefied natural gas (LNG) around the world, combined with major oil producers cutting supply, have thrown the world into “the first truly global energy crisis,” according to the head of the International Energy Agency (IEA). Rising LNG… Read More ›
Australian Govt Cybersecurity Firm Says Insurers Are Paying Off Hackers For Stolen Data
Corporate insurers regularly pay hackers a ransom in exchange of stolen customer data, according to a top Australian government cybersecurity provider, as the country’s largest health insurer revealed the scope of a recent breach on Tuesday. The claim from Macquarie Telecom… Read More ›
Merger Of Ethereum Made Mining Of Cryptocurrency More Sustainable
After years of anticipation, the cryptocurrency ethereum has finally implemented a significant network upgrade that fundamentally alters how the blockchain verifies transactions, mints new coins, and secures its network. This system, known as proof-of-stake, has reduced ethereum’s energy consumption by… Read More ›
Tesla Reduces China Prices By Up To 9%, As Analysts Caution Of A “Price War”
Tesla has reduced starting prices for its Model 3 and Model Y cars in China by up to 9 per cent, reversing an industry-wide trend of increases amid signs of weakening demand in the world’s largest auto market. The price… Read More ›
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