Based in part on predictions of a decline in global demand for Chinese goods, Barclays lowered its forecast for China’s economic growth to 3.8% for the coming year. Recessions are expected in the United States and Europe next year, according… Read More ›
The social media platform will lose its “magic” if it starts charging $8 per month for a Twitter blue tick and other perks, according to a former executive. According to the platform’s former global communications director Brandon Borrman, all users… Read More ›
McDonald’s Corp beat quarterly comparable sales and profit estimates, aided by higher menu prices and increased restaurant traffic from inflation-weary customers seeking value meals. The stock increased 3.5% to $265.69. McDonald’s, like other fast-food restaurants, raised the prices of its… Read More ›
The European Union has reached an agreement on a law that will effectively ban the sale of new petrol and diesel cars beginning in 2035, aiming to accelerate the transition to electric vehicles and combat climate change. Negotiators from EU… Read More ›
According to a new report by Google, Temasek, and Bain & Company, South East Asia’s top digital economies grew faster than expected in 2022 and are on track to reach $200 billion in total transaction value this year. The achievement… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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