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Month: August 2023

Kenyan Court Gives Meta and Sacked Moderators 21 Days to Pursue Settlement  

08/23/2023 RanIT

A Kenyan court has given Facebook’s parent company, Meta, and the content moderators who are suing it for unfair dismissal 21 days to resolve their dispute out of court, a…

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Meta Rolls Out Web Version of Threads 

08/22/2023 RanIT

Meta Platforms on Tuesday launched the web version of its new text-first social media platform Threads, in a bid to retain professional users and gain an edge over rival X,…

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Europe’s Sweeping Rules for Tech Giants Are About to Kick In

08/22/2023 RanIT

Google, Facebook, TikTok and other Big Tech companies operating in Europe are facing one of the most far-reaching efforts to clean up what people encounter online. The first phase of…

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Meta to Soon Launch Web Version of Threads in Race with X for Users

08/21/2023 RanIT

Meta Platforms is set to roll out the web version on its new text-first social media platform Threads, hoping to gain an edge over X, formerly Twitter, as the initial…

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Biden Administration Announces More New Funding for Rural Broadband Infrastructure

08/21/2023 RanIT

The Biden administration on Monday continued its push toward internet-for-all by 2030, announcing about $667 million in new grants and loans to build more broadband infrastructure in the rural U.S.…

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Russia’s Luna-25 Crashes Into Moon 

08/20/2023 RanIT

Russia’s Luna-25 spacecraft has crashed into the moon. “The apparatus moved into an unpredictable orbit and ceased to exist as a result of a collision with the surface of the…

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China Tries To Defuse Economic Fears After Developer’s Debt Struggle

08/20/2023 Ranbiz

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their…

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Evergrande Seeks US Court Nod for $32B Debt Overhaul as China Economic Fears Mount

08/18/2023 Ranbiz

Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises, as anxiety grows over China’s…

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Russia Fines Google $32,000 for Videos About Ukraine Conflict

08/17/2023 RanIT

A Russian court on Thursday imposed a $32,000 fine on Google for failing to delete allegedly false information about the conflict in Ukraine. The move by a magistrate’s court follows…

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China’s Xi Calls for Patience Amid Economic Slump

08/17/2023 Ranbiz

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly…

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Texas OKs Plan to Mandate Tesla Tech for EV Chargers in State

08/16/2023 RanIT

Texas on Wednesday approved its plan to require companies to include Tesla’s technology in electric vehicle charging stations to be eligible for federal funds, despite calls for more time to…

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Musk’s X Delays Access to Content on Reuters, NY Times, Social Media Rivals

08/16/2023 RanIT

Social media company X, formerly known as Twitter, delayed access to links to content on the Reuters and New York Times websites as well as rivals like Bluesky, Facebook and…

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In Seattle, VP Harris Touts Administration Efforts to Boost Clean Energy

08/16/2023 RanIT

Vice President Kamala Harris marked the one-year anniversary of the Inflation Reduction Act by touting the Biden administration’s commitment to mitigating the climate crisis. Natasha Mozgovaya reports from Seattle. …

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Despite Improving Indicators, Biden Still Scores Low on Economy

08/16/2023 Ranbiz

One year after passing the Inflation Reduction Act, President Joe Biden is in Wisconsin touting the success of his ‘Bidenomics.’ But despite legislative wins and improving economic indicators, the president…

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Google to Train 20,000 Nigerians in Digital Skills

08/15/2023 RanIT

Google plans to train 20,000 Nigerian women and youth in digital skills and provide a grant of $1.6 million to help the government create 1 million digital jobs in the…

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China Cuts Key Rates as Weak Batch of July Data Darkens Economic Outlook

08/15/2023 Ranbiz

A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts…

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Russia’s Ruble Hits Its Lowest Level Since Early in Ukraine War

08/14/2023 Ranbiz

The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy…

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Fiction Writers Fear Rise of AI, Yet See It as a Story

08/13/2023 RanIT

For a vast number of book writers, artificial intelligence is a threat to their livelihood and the very idea of creativity. More than 10,000 of them endorsed an open letter…

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Rising Prices for Travel Yet to Curb Wanderlust

08/13/2023 Ranbiz

The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings. While…

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Chinese Surveillance Firm Selling Cameras With ‘Skin Color Analytics’

08/11/2023 RanIT

IPVM, a U.S.-based security and surveillance industry research group, says the Chinese surveillance equipment maker Dahua is selling cameras with what it calls a “skin color analytics” feature in Europe,…

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Audit of Lebanon’s Central Bank Finds Misconduct, ‘Illegitimate’ Commissions

08/11/2023 Ranbiz

A forensic audit into Lebanon’s central bank by a New York-based company has revealed yearslong misconduct by the bank’s former governor and $111 million in “illegitimate commissions,” according to a…

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China’s Slide Into Deflation Raises Concerns About Economic Future

08/11/2023 Ranbiz

After months of concern that the Chinese economy was teetering on the brink of potentially damaging deflation, Beijing’s National Bureau of Statistics this week made it official, reporting that overall…

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US Consumer Prices Edged Higher in July

08/10/2023 Ranbiz

U.S. consumer prices edged higher in July, the government reported Thursday, but underlying data signaled that inflation is not starting to resurge in the world’s biggest economy. The Labor Department…

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Virgin Galactic Flies Its First Tourists to the Edge of Space

08/10/2023 RanIT

Virgin Galactic rocketed to the edge of space with its first tourists Thursday, including a former British Olympian who bought his ticket 18 years ago and a mother-daughter duo from…

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China to Require all Apps to Share Business Details in New Oversight Push

08/10/2023 RanIT

China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing’s latest effort to keep the industry on…

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US Launches Contest to Use AI to Prevent Government System Hacks

08/09/2023 RanIT

The White House on Wednesday said it had launched a multimillion-dollar cyber contest to spur use of artificial intelligence to find and fix security flaws in U.S. government infrastructure, in…

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