Regulators in South Korea are likely to effectively stop Google and Apple from charging software developers to pay them commissions on in-app purchases by preventing the tech giants from requiring developers to use their payment systems. If this regulations is implemented it would be the first time that such an actions would be taken on…
Economic recovery of the United Kingdom was hit this month because of shortages of staff and supply, showed a closely watched survey. The IHS Markit/CIPS Composite Purchasing Managers’ Index (PMI) dropped to a six-month low for August at 55.3, compared to 59.2 in the previous month. Numbers over 50 is indicative of growth while less…
On Monday, in a statement PayPal Holdings Inc said, it will allow customers in the UK to purchase, hold and sell bitcoin and other cryptocurrencies from this week onwards. The roll-out marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States; it could potentially trigger the mainstream adoption of cryptocurrencies as a…
The first tool in the global auto industry that is able to evaluate whether and when it would be safe to deploy autonomous cars and trucks, which do not have a human behind the wheel, on public roads, is claimed to have been released by Aurora, a Silicon Valley self-driving startup that was founded by…
On Thursday, a group of 7 British organizations including startup Britishvolt, battery materials company Johnson Matthey, and Oxford University said, they had formed a consortium to develop solid-state batteries for electric vehicles. The group plans on building a facility to develop technologies and prototypes for the mass production of solid-state batteries. The consortium also includes…
In a statement Ford Motor Co said, it will temporarily close its Kansas City assembly plant which builds its best-selling F-150 pickup truck because of a shortage of semiconductor-related parts. The shortage is caused by the COVID-19 pandemic in Malaysia. Production is slated to resume in August 23, said the U.S. automaker while adding, it…
On Wednesday, in a statement T-Mobile US Inc said, following an investigation into a cyberattack on its systems it has found that personal data of around 7.8 million of its current postpaid customers have been compromised. T-Mobile US was made aware of the attack late last week following a claim in an online forum that personal…
On Wednesday, Chinese tech giant Baidu said, it has started mass-producing its second-generation Kunlun artificial intelligence (AI) chips, as it races to become a major player in the chip industry with Beijing’s backing. In a statement Baidu said, the second-generation Kunlun AI chips, using 7 nm process technology, produced computational speeds of two-to-three times faster…
In a statement U.S. drugs regulator and a federal agency said, a cybersecurity vulnerability in a software designed by BlackBerry Ltd could put medical equipment and cars at heightened risks and expose highly sensitive systems to attackers. This warning comes in the wake of BlackBerry disclosing that its QNX Real Time Operating System (QNX RTOS) has…
In June and July, solar power supply in the European Union jumped to a record high in 2021, and accounted for 10% of the total electricity produced in the region, reads a report by independent climate think-tank Ember on Wednesday. The EU generated around 39 terawatt hours (TWh) of solar power, up from 10.9 TWh…
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