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Tuesday, Oct 04, 2022
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SoftBank cuts about 150 staff globally -source
Japan's SoftBank Group Corp (9984.T) is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a person familiar with the matter said, as CEO Masayoshi Son retrenches following huge loss on his tech b...
New U.S. curbs on sales of Nvidia AI chips to China spark selloff
New restrictions on exports of cutting-edge chips from Nvidia Corp (NVDA.O) to China have signaled an escalation of the U.S. crackdown on Beijing's technological prowess and alarmed investors already worried about an industry downturn.
SoftBank reports record $23B quarterly loss as tech downturn hits
Japanese technology investor SoftBank Group Corp. on Monday reported a record quarterly loss of more than $23 billion after its Vision Fund investments suffered from the global selloff in technology shares.
AMTD Digital: How a small Hong Kong firm's shares soared
A little-known Hong Kong company has seen its stock market value soar in recent days, for no apparent reason.
Log4j software flaw 'endemic,' new cyber safety panel says
A computer vulnerability discovered last year in a ubiquitous piece of software is an “endemic” problem that will pose security risks for potentially a decade or more, according to a new cybersecurity panel created by President Joe Biden.
India to surpass China as most populous country in 2023, U.N. report says
India is set to surpass China as the world's most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth.
Hacker claims to have obtained data on 1 billion Chinese citizens
Personal information allegedly taken from Shanghai police database would be one of biggest data breaches in history.
US Supreme Court ruling on environmental protection ‘a setback in our fight against climate change’
The ruling by the United States Supreme Court against the Environmental Protection Agency (EPA) on Thursday, is “a setback in our fight against climate change”, said the UN spokesperson Stéphane Dujarric.
Eliminate nuclear weapons before they eliminate us: UN chief
Nuclear weapons are “a deadly reminder of countries’ inability to solve problems through dialogue and collaboration”, UN Secretary-General António Guterres said on Tuesday, urging the international community to abandon them once and for ...
The e-CNY is not just another cryptocurrency. Here’s why
Central banks are unlikely to use blockchain for minting digital currencies, as other database technologies are often just as secure and custom solutions may be more secure.
Climate crisis placing half of humanity in the danger zone
UN Secretary-General, António Guterres, appears at the Austrian World Summit on Tuesday to deliver an important message about climate change.
India - The 3rd Startup Nation
Since the beginning of the current decade, India’s technology startups have demonstrated impressive growth that has already brought the country to third place in the world only behind the acknowledged industry leaders: the US and Israel.
US bill would bar Google, Apple from hosting apps that accept China's digital yuan
Senators Tom Cotton, Marco Rubio and Mike Braun have concerns that the payment system could allow Beijing to spy on Americans
‘Lifeline’ of renewable energy can steer world out of climate crisis: Guterres
Greenhouse gas concentrations, sea level rises, ocean heat levels and acidification, all set new records during 2021, while some glaciers reached the point of no return, according to the latest flagship report from the World Meteorologic...
Biden Eyes New Ways To Bar China From Scooping Up US Data
The draft order reflects an effort by the administration to respond more aggressively to national security threats allegedly posed by Chinese companies that acquire reams of U.S. personal data.
Self-driving robotaxis are taking off in China
The world has been inching toward fully autonomous cars for years. In China, one company just got even closer to making it a reality.
Greta Thunberg doesn’t want you to talk about her anymore
The Swedish activist has a new message: Don’t just listen to the science, listen to the most vulnerable.
China faces 'difficult set of choices' as it seeks to prevent its companies being delisted in the US
The US wants full and unfettered access to the audits of US-listed Chinese companies, but China doesn't want US regulators unearthing state secrets as they poke around in the companies' financial affairs.
Bodies of 'executed people' strewn across street in Bucha as Ukraine accuses Russia of war crimes
The lifeless bodies of at least 20 civilian men line a single street in the town of Bucha near the Ukrainian capital. Some lie face down on the pavement while others are collapsed on their backs, mouths open in a tragic testament to the ...
Self-driving robotaxis are taking off in China
The world has been inching toward fully autonomous cars for years. In China, one company just got even closer to making it a reality.
How the sex trade preys on Ukraine's refugees
Five weeks into Russia's brutal invasion of Ukraine, imagine for a moment what it's like to live there now.
EU ushers in brave new world of Big Tech regulation
The Digital Markets Act clamps down on abuses in the platform economy.
'Delay means death': We're running out of ways to adapt to the climate crisis, new report shows. Here are the key takeaways
Climate change is on course to transform life on Earth as we know it, and unless global warming is dramatically slowed, billions of people and other species will reach points where they can no longer adapt to the new normal, according to...
Why China is on track to replace the US as the world’s financial center
The US’ status as the global financial hub is under threat due to brazen corporate greed and self-harming government policy
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