A global chip shortage is choking the production of machines used to "mine" bitcoin, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand.
Stellantis Chief Executive Carlos Tavares is touring the group's Italian plants, getting relations with local unions off to a good start as the newly-formed automaker seeks over 5 billion euros (US$6.1 billion) a year in savings.
SINGAPORE: Employees should continue to work from home as the default arrangement to minimise the risk of COVID-19 transmission at the workplace, said Singapore's tripartite partners on Friday (Jan 22) amid the recent rise in community cases. "With the higher risk of potentially more transmissible ...
The Senate Finance Committee will vote on Friday on Janet Yellen's nomination for Treasury secretary, an early litmus test of bipartisan support for President Joe Biden's ambitious plans for coronavirus relief, infrastructure investment and tax hikes.
FRANKFURT/LONDON: Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros (US$11 billion), people close to the matter said. The initial public offering (IPO) ...
MADRID: U.S. tech giant Amazon will raise fees for Spanish companies using its platform to sell their wares in response a digital tax imposed by the government, El Confidencial reported on Friday. A spokeswoman for Amazon did not respond to a request for comment. El Confidencial said Amazon ......
Alphabet Inc is shutting down Loon after concluding the business, which offers balloons as an alternative to cell towers, is not commercially viable, Google's parent company said on Thursday.
Tesla Inc is gearing up for an India launch but the U.S. electric carmaker is likely to remain a niche player for years, catering only to the rich and affluent in the world's second-most populous nation.
Global index publisher FTSE Russell said on Friday it will delete CNOOC Ltd from its global and China indexes due to the U.S. investment ban.
SYDNEY: Alphabet Inc's Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook Inc to pay media companies for the right to use their content. Google's threat escalates a battle with publishers such...
