The U.S. has begun taking “extraordinary measures” to avoid spending that would breach the country’s $31.4 trillion debt ceiling, Treasury Secretary Janet Yellen told lawmakers Thursday, touching off a Washington…
more ...Tech Layoffs Mount as Microsoft, Amazon Shed Staff
Software giant Microsoft on Wednesday became the latest major company in the tech sector to announce significant job cuts when it reported it would lay off 10,000 employees, or about…
more ...No Progress on Netherlands Joining US Chip-Export Ban to China
In his meeting with Dutch Prime Minister Mark Rutte on Tuesday at the White House, President Joe Biden appeared to have made no progress to get the Netherlands to support…
more ...SpaceX’s Starlink Becomes Crucial Tool in Ukrainian War Effort
When Russia invaded Ukraine, the military and private citizens started using Elon Musk’s SpaceX Starlink, which eventually became key to Ukraine’s resistance. From Kyiv, Myroslava Gongadze tells the story of…
more ...Biden Urges Netherlands to Back Restrictions on Exporting Chip Tech to China
President Joe Biden hosted Dutch Prime Minister Mark Rutte on Tuesday at the White House, where he urged the Netherlands to support new U.S. restrictions on exporting chip-making technology to…
more ...Economic Woes, War, Climate Change on Tap for Davos Meeting
The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos, where leaders are seeking to bridge political divisions in a…
more ...Oxfam: World’s Richest 1% ‘Grab Two-Thirds of Global Wealth’
As the annual World Economic Forum gets underway this week in Davos, Switzerland, Oxfam says extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years.…
more ...Davos 2023: Big Oil in Sights of Climate Activist Protests
Big oil firms came under pressure at the start of the World Economic Forum (WEF) from activists who accused them of hijacking the climate debate, while a Greta Thunberg-sponsored “cease…
more ...Global Unemployment Grows Amid Economic Slowdown
The outlook for the year ahead and beyond is not very promising. The International Labor Organization warns that the current global economic slowdown will force millions of workers to accept…
more ...Israel’s Cognyte Won Tender to Sell Spyware to Myanmar Before Coup, Documents Show
Israel’s Cognyte Software Ltd won a tender to sell intercept spyware to a Myanmar state-backed telecommunications firm a month before the Asian nation’s February 2021 military coup, according to documents…
more ...Fight Over Big Tech Looms in US Supreme Court
An upcoming U.S. Supreme Court case that asks whether tech firms can be held liable for damages related to algorithmically generated content recommendations has the ability to “upend the internet,”…
more ...Report: Iran May Be Using Facial Recognition Technology to Police Hijab Law
A recently published report in a U.S.-based magazine says Iran is likely using facial recognition technology to monitor women’s compliance with the country’s hijab law. While there are other ways…
more ...US Inflation Eases for Sixth Straight Month
The increase in U.S. consumer prices eased again in December, dropping for the sixth straight month after reaching a four-decade high in mid-2022, the government reported Thursday. The Bureau of…
more ...Journalists Say Elon Musk Needs to Reinstitute Monitoring of Twitter
Concerns linger over Twitter’s stance on free expression and safety since Elon Musk took over the platform in a $44 billion deal. Since taking ownership in late October, Musk has…
more ...World Bank Warns Global Economy Could Easily Tip Into Recession in 2023
The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies,…
more ...GM, Ford, Google Partner to Promote ‘Virtual’ Power Plants
Companies including GM, Ford, Google and solar energy producers said on Tuesday they would work together to establish standards for scaling up the use of virtual power plants (VPPs), systems…
more ...Virgin Orbit Rocket Carrying Satellites Fails to Reach Orbit
A mission to launch the first satellites into orbit from Western Europe suffered an “anomaly” Tuesday, Virgin Orbit said. The U.S.-based company attempted its first international launch on Monday, using…
more ...Seattle Schools Sue Tech Giants Over Social Media Harm
The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them accountable for the mental…
more ...CES 2023: Smelling, Touching Take Center Stage in Metaverse
Is the metaverse closer than we think? It depends on whom you ask at CES, where companies are showing off innovations that could immerse us deeper into virtual reality, otherwise…
more ...Ukrainian Startups Bring Tech Innovation to CES 2023
The past year has been difficult for startups everywhere, but running a company in Ukraine during the Russian invasion comes with a whole different set of challenges. Clinical psychologist Ivan…
more ...Ant Group Founder Jack Ma to Give Up Control in Key Revamp
Ant Group’s founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered…
more ...CES Show Products Making Life More Accessible
Major tech companies are appealing to consumers’ evolving lifestyles, tastes and personal values with connected devices that touch on nearly every aspect of daily life. From the CES 2023 consumer…
more ...The World’s Largest Tech Show Kicks Off
Tens of thousands of tech innovators and their fans are flocking to Las Vegas this week for the annual Consumer Electronics Show. Deana Mitchell has spotted some up-and-coming tech trends.…
more ...Ukraine’s Sumy Finds Alternative Energy Sources
With Russian rockets targeting Ukraine’s energy infrastructure and electrical grid, scientists in the northern city of Sumy, some 330 kilometers east of Kyiv, are hoping to start mass producing solar…
more ...Amazon CEO Says Layoff to Exceed 18,000 Jobs
Amazon.com layoffs will now stretch to more than 18,000 jobs as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on…
more ...Meta Fined 390 Million Euros in Latest European Privacy Crackdown
European Union regulators on Wednesday hit Facebook parent Meta with hundreds of millions in fines for privacy violations and banned the company from forcing users in the 27-nation bloc to…
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