International Business

Google Search Ads Beat Targets, Despite Global 'Uncertainty', Recession Risks

Google Search Ads Beat Targets, Despite Global 'Uncertainty', Recession Risks

Reuters | Wednesday July 27, 2022

Google search ads lifted parent Alphabet Inc close to Wall Street sales expectations on Tuesday, sending shares up on relief that the world's biggest seller of online advertising may withstand aglobalrecession better than smaller rivals.

Elon Musk Asks Judge To Postpone Twitter Trial By 7 Days To October 17

Elon Musk Asks Judge To Postpone Twitter Trial By 7 Days To October 17

Reuters | Tuesday July 26, 2022

Elon Musk asked a judge to schedule a five-day trial beginning October17, not October 10 as requested by Twitter

Russia Fines Google $34 Million For Competition Rules Breach

Russia Fines Google $34 Million For Competition Rules Breach

Reuters | Tuesday July 26, 2022

Russia's competition watchdog fined Alphabet's Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement.

Crisis-Hit Sri Lanka Pursues Foreign Oil Firms Amid Acute Fuel Shortages

Crisis-Hit Sri Lanka Pursues Foreign Oil Firms Amid Acute Fuel Shortages

Reuters | Tuesday July 26, 2022

Sri Lanka canvassed oil companies in petroleum-producing nations on Tuesday to import and sell their products in the Indian Ocean island, opening its market to resolve acute shortages of fuel during its worst economic crisis in decades.

Illegal Brazil Gold Tied To Italian Refiner, Big Tech Customers: Report

Illegal Brazil Gold Tied To Italian Refiner, Big Tech Customers: Report

Reuters | Monday July 25, 2022

Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world's largest tech companies.

Tech Giants To Self-Regulate, Reduce Harmful Online Content In New Zealand

Tech Giants To Self-Regulate, Reduce Harmful Online Content In New Zealand

Reuters | Monday July 25, 2022

Big tech companies agreed on Monday to reduce harmful online content in New Zealand, making a move that critics said dodged the alternative of government regulation.

Google Fires Software Engineer Who Claimed Its AI Chatbot Has Emotions

Google Fires Software Engineer Who Claimed Its AI Chatbot Has Emotions

Reuters | Sunday July 24, 2022

Alphabet Inc's Google said on Friday it has dismissed a senior software engineer who claimed the company's artificial intelligence (AI) chatbot LaMDA was a self-aware person.

Social Media Stocks Set To Lose $42 Billion In Market Value On Dire Ad Spending

Social Media Stocks Set To Lose $42 Billion In Market Value On Dire Ad Spending

Reuters | Saturday July 23, 2022

Shares of social media firms fell sharply on Friday after Twitter Inc and Snapchat's owner signaled advertisers had tightened their purse strings in response to a darkening economic outlook.

Elon Musk's SpaceX Breaks Rocket Launch Record With Starlink Mission

Elon Musk's SpaceX Breaks Rocket Launch Record With Starlink Mission

Reuters | Saturday July 23, 2022

Elon Musk's SpaceX on Friday broke its record for the number of rockets launched in a calendar year, topping last year's slate of 31 missions amid a whirlwind campaign to launch its own internet satellites into orbit.

Facebook Revamping Main Feed To Attract Younger Users

Facebook Revamping Main Feed To Attract Younger Users

Reuters | Friday July 22, 2022

Meta Platforms said on Thursday it was revamping the main feed on its Facebook app to prioritize "discovery" of new content, instead of posts from accounts users follow, a bid to style its apps after short-form video competitor TikTok.

Microsoft Offers Greater Data Control, Launches 'Sovereign' Cloud For Governments

Microsoft Offers Greater Data Control, Launches 'Sovereign' Cloud For Governments

Reuters | Wednesday July 20, 2022

Microsoft on Tuesday launched a public cloud for government customers, offering greater control over their data

IPhone Maker Foxconn Partners With Chipmaker NXP Semiconductors

IPhone Maker Foxconn Partners With Chipmaker NXP Semiconductors

Reuters | Wednesday July 20, 2022

Taiwan's Foxconn said on Wednesday it has partnered with chipmaker NXP Semiconductors to develop platforms for electric vehicles, adding to a string of such deals by the iPhone assembler as it moves into the auto market.

Google, Twitter Yet To Sign Indonesia's New Rules, Risk Temporary Block

Google, Twitter Yet To Sign Indonesia's New Rules, Risk Temporary Block

Reuters | Wednesday July 20, 2022

Neither Alphabet's Google nor Twitter Inc had signed up to Indonesia's new licensing rules as of midday Wednesday, ministry records showed, as a deadline loomed that could see their services temporarily blocked in the country.

Amazon-Owned Self Driving Firm Zoox Plans To Test Robotaxi In California

Amazon-Owned Self Driving Firm Zoox Plans To Test Robotaxi In California

Reuters | Wednesday July 20, 2022

Zoox, a self-driving technology firm owned by Amazon.com, said on Tuesday it was gearing up to launch its robotaxi business, self-certifying that its vehicle with no pedals or steering wheel meets U.S. federal regulations and applying for a permit in California to test-drive it.

In A First Blow To Elon Musk, Twitter Gets Fast-Tracked October Trial

In A First Blow To Elon Musk, Twitter Gets Fast-Tracked October Trial

Reuters | Wednesday July 20, 2022

Twitter Inc will get an October trial in its legal fight to hold Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the deal's uncertainty.