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Month: October 2021

Is Steve Jobs’ Legacy at Apple Wearing Thin?

10/09/2021 RanIT

Ten years ago, Steve Jobs died of pancreatic cancer at 56. He played a huge role in making Apple one of the most successful companies in the world. But what…

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US Toymakers Race to Get Products on Shelves for Holidays Amid Supply Clogs

10/09/2021 Ranbiz

Running out of time to get its products on store shelves ahead of the holidays, the Basic Fun toy company made an unprecedented decision: It’s leaving one-third of its iconic…

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Chinese Cyber Operations Scoop Up Data for Political, Economic Aims 

10/09/2021 RanIT

Mustang Panda is a Chinese hacking group that is suspected of attempting to infiltrate the Indonesian government last month. The reported breach, which the Indonesians denied, fits the pattern of…

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Facebook Messenger, Instagram Service Disrupted for Second Time in a Week

10/08/2021 RanIT

Facebook confirmed on Friday that some users were having trouble accessing its apps and services, days after the social media giant suffered a six-hour outage triggered by an error during…

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US Job Creation Slows Further in September

10/08/2021 Ranbiz

President Joe Biden struck a positive tone on lackluster U.S. job creation numbers Friday, saying a drop in unemployment represented a “significant improvement” from when he took office.  “Jobs up,…

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Americans Agree Misinformation Is a Problem, Poll Shows

10/08/2021 RanIT

Nearly all Americans agree that the rampant spread of misinformation is a problem. Most also think social media companies, and the people that use them, bear a good deal of…

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Coal Shortages Threaten India’s Economic Revival

10/08/2021 Ranbiz

India’s coal-burning power plants, which supply much of the country’s electricity, are running perilously low on stocks, raising fears of power shortages just as the country’s pandemic-hit economy is on…

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US Electronics Company Struck Deal to Transport, Hire Uyghur Workers

10/08/2021 Ranbiz

U.S. remote-control maker Universal Electronics Inc. (UEI) told Reuters it struck a deal with authorities in Xinjiang to transport hundreds of Uyghur workers to its plant in the southern Chinese…

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Hold-outs Ireland, Estonia Agree to Global Tax Reform Deal

10/07/2021 Ranbiz

The Irish and Estonian governments on Thursday agreed to sign on to a 15% global minimum tax rate on multinational firms, leaving only Hungary as the last hold-out against the…

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Microsoft: Russia Cyberattacks Targeting More Governments, Agencies

10/07/2021 RanIT

Russia appears to be getting more aggressive and more successful as the nation’s hackers launch a growing number of cyberattacks against the United States and other nations, according to a…

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Britain Eases Quarantine Requirements for 47 Countries

10/07/2021 Ranbiz

After losing two full summers of tourism revenue, Britain is getting rid of restrictive quarantine requirements for visitors from 47 countries, including India, South Africa, Brazil and Turkey. Starting Monday,…

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US Jobless Benefit Claims Dropped Sharply Last Week

10/07/2021 Ranbiz

First-time claims for U.S. unemployment compensation dropped sharply last week after three straight weeks of increasing numbers of jobless workers filing for benefits, the Labor Department reported Thursday. A total…

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Google to Invest $1 Billion in Africa Over Five Years

10/07/2021 RanIT

Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital…

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Can a Single Trillion-Dollar Coin Save the US From Default?

10/07/2021 Ranbiz

After bringing the United States to within two weeks of a potential debt default, Congress late Wednesday was on the verge of a deal that would avert the crisis through…

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US Senate Appears Near Temporary Truce in Debt-Ceiling Standoff

10/06/2021 Ranbiz

The U.S. Senate appeared near to a temporary deal to avert a federal debt default in the next two weeks, after Democrats said Wednesday that they might accept a Republican…

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US Rolls Out New Cybersecurity Requirements for Rail, Air 

10/06/2021 RanIT

The United States is taking new steps to make sure the country’s air and surface transportation sectors will not be crippled by ransomware or cyberattacks. Homeland Security Secretary Alejandro Mayorkas…

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Amazon’s Twitch Hit by Data Breach

10/06/2021 RanIT

Amazon.com Inc.’s livestreaming e-sports platform Twitch said Wednesday that it had been hit by a data breach. It gave no details. An anonymous hacker claimed to have leaked Twitch data,…

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How Could America’s Debt Ceiling Showdown Play Out?

10/06/2021 Ranbiz

The U.S. Congress is locked in a standoff that risks triggering a financial and economic meltdown if lawmakers don’t raise a limit on government borrowing before Oct. 18, the day…

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As Prices for Goods and Services Rise Worldwide, Inflation Feels Less ‘Transitory’

10/06/2021 Ranbiz

Consumers around the globe face higher prices for a wide variety of everyday purchases, as supply chain problems bedevil markets for all manner of goods, and energy prices spike to…

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IMF Head Says Global Economy is Still ‘Hobbled’ by COVID-19 Pandemic

10/06/2021 Ranbiz

The head of the International Monetary Fund is warning that the global economy is facing a slow recovery due to the “Great Vaccination Divide” between the world’s wealthiest and poorest…

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Biden Says Bypassing Filibuster ‘Real Possibility’ to Raise Debt Limit

10/06/2021 Ranbiz

U.S. President Joe Biden indicated Tuesday senators from his Democratic Party could bypass a supermajority voting rule in order to increase the nation’s debt limit without Republican votes.  “It’s a real possibility,” Biden told…

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Facebook Called On to Answer Criticism About Negative Effects

10/06/2021 RanIT

Facebook is in the hot seat again. A recent Wall Street Journal report cites internal knowledge of its harmful effects and the company’s reticence to act. A whistleblower, a former…

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US Lawmakers Pillory Social Media Giant Facebook

10/05/2021 RanIT

Key U.S. lawmakers pilloried social media giant Facebook on Tuesday after Frances Haugen, an inside whistleblower who once worked at the company, alleged that Facebook’s products are harming young people,…

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Nigerians Optimistic About Launch of New Digital Currency eNaira

10/05/2021 Ranbiz

Many Nigerians are optimistic as Africa’s largest economy gears up to launch the continent’s first central bank-backed digital currency, the eNaira. Authorities hope to tap into the popularity of cryptocurrency…

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US Senator: Facebook Whistleblower’s Allegations Should Be Investigated by Regulators

10/05/2021 RanIT

Facebook took another pounding in the U.S. Congress on Tuesday and a senator called on federal regulators to investigate accusations by a whistleblower that the company pushed for higher profits…

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Global Supply Chains Struggle with Surging Demand

10/05/2021 Ranbiz

Container ships anchored off the coasts of the United States have been told they could face a four-week delay before being allowed to dock and unload goods consumers are eagerly…

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