Following reports of the better than expected and record deliveries made by the United States based electric car maker Tesla in the first quarter of the year, the shares of the company surged on Monday to the extent that the company is now poised to add about $50 billion to its market value. The strong…
In a significant development sees cryptocurrencies increasingly gaining traction, on Monday the Bank of Japan (BOJ) has started feasibility study of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. In a statement the BOJ said, during the…
A group of hackers are offering data, including phone numbers, on more than 500 million Facebook users, for almost free of charge. The database appears to be the same set of Facebook-linked data that has been circulating in hacker circles since January 2021 and whose existence was first reported by tech publication Motherboard, according to…
On Monday, in a significant development South Korea’s LG Electronics Inc said it will stop the production and sales of its loss-making smartphone division. Earlier this year in January, LG had announced that it was considering all options for the business after recording nearly six years of losses totaling to nearly $4.5 billion. Talks to…
In a statement an official from the White House said, two top-level White House aides will host a meeting on the resiliency of the U.S. supply chain midst a broader policy review on the issue. According to Jen Psaki, White House’s press secretary, the meeting would be hosted by President Joe Biden’s top economic aide,…
In a statement Microsoft Corp said, it has mitigated an issue with its Microsoft 365 services and features, including workplace messaging app Teams and Azure. The development comes in the wake of many users complaining that they were unable to access Microsoft 365 services. “We have confirmed that the underlying DNS outage has been mitigated.…
In a significant development, the Federal Aviation Administration (FAA) stated, it had approved the design for the Boeing 737-8200, which is part of the Boeing 737 MAX series, a step that is necessary before Boeing that can commence the delivery of the jet to Ryanair. The 737-8200 incorporates all of the design improvements that were…
In a statement on Thursday, Kakao Corp, the parent of South Korea’s Kakao Mobility said, it has secured a strategic investment of $50.1 million (56.5 billion won) from Google. Kakao T, Kakao Mobility’s app, has registered user base of 28 million consumers, and offers South Korea’s most popular taxi-hailing service as well as other transportation…
On Wednesday, Ericsson said it is opening a lab in Ottawa, Canada, to work with partners and customers on new 5G radio access networks (RAN) technologies. Ericsson said, the technologies would include Open RAN, which would allow mobile operators to build networks that are not tied to a vendor. “This initiative will help to test…
In a statement on Wednesday, Alphabet Inc’s Google said it will contribute $25 million towards fighting fake news and will contribute the fund in the newly set up European Media and Information Fund. The development comes midst criticism that tech giants are not doing enough to fight online mis-sinformation. Last week, the Calouste Gulbenkian Foundation…
