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Cargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel Burn
Cargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel Burn
The world’s largest agricultural trader hauls 225 million tons of cargo around the globe each year on hundreds
2023-08-21 07:15
A barbecue frenzy is gripping China. Can street food revive the economy?
A barbecue frenzy is gripping China. Can street food revive the economy?
When China was in the midst of a pandemic-induced economic slump in 2020, then Premier Li Keqiang touted the idea of creating jobs by encouraging street vendors to set up shop across the country. That pitch was quickly shot down by close associates of leader Xi Jinping, who characterized the traditional trade as "unhygienic and uncivilized."
2023-05-16 09:45
Google goes to court in what could be the biggest tech trial in a generation
Google goes to court in what could be the biggest tech trial in a generation
Google and the US Justice Department are beginning what might be the most decisive tech trial in a generation. The lawsuit could have substantial consequences – not only for the search giant, but for its rivals such as Apple and Meta, and the technology industry more broadly. The antitrust trial will examine claims from critics that Google has unfairly used its power to become dominant in a variety of parts of technology, in particular its search engine. The United States will argue Google didn’t play by the rules in its efforts to dominate online search in a trial seen as a battle for the soul of the Internet. The US Justice Department is expected to detail how Google paid billions of dollars annually to device makers like Apple, wireless companies like AT&T and browser makers like Mozilla to keep Google‘s search engine atop the leader board. DuckDuckGo has also complained, for example, that removing Google as the default search engine on a device and replacing it with DuckDuckGo takes too many steps, helping keep them to a measly 2.3% market share. DuckDuckGo, Microsoft and Yahoo are among a long list of Google competitors who will be watching the trial closely. “Google makes it unduly difficult to use DuckDuckGo by default. We’re glad this issue is finally going to have its day in court,” said DuckDuckGo spokesman Kamyl Bazbaz who said thatGoogle had a “stranglehold on major distribution points for more than a decade.” Google has denied wrongdoing and is prepared to vigorously defend itself. The legal fight has huge implications for Big Tech, which has been accused of buying or strangling small competitors but has insulated itself against many accusations of breaking antitrust law because the services the companies provide to users are free, as in the case of Alphabet’s Google and Facebook, or low price, as in the case of Amazon.com. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. “This will be a major case, particularly for the major tech companies of the world (Google, Apple, Twitter, and others), which have grown to have an outsized role in nearly all our lives,” he added. Previous antitrust trials of similar importance include Microsoft, filed in 1998, and AT&T, filed in 1974. The AT&T breakup in 1982 is credited with paving the way for the modern cell phone industry while the fight with Microsoft is credited with opening space for Google and others on the internet. Congress tried to rein in Big Tech last year but largely missed. It considered bills to check the market power of the companies, like legislation to prevent them from preferencing their own products, but failed to pass the most aggressive of them. Big Tech’s rivals now pin their hope on Judge Amit Mehta, who was nominated by former President Barack Obama to the U.S. District Court for the District of Columbia. The lawsuit that goes to trial was brought by former President Donald Trump’s Justice Department. In a rare show of bipartisan agreement, President Joe Biden’s Justice Department has pressed on with the lawsuit and filed a second one against Google in January focused on advertising technology. Judge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. The government has asked the judge to order Google to stop any illegal activity but also urged “structural relief as needed,” raising the possibility that the tech giant could be ordered broken up. The government’s strongest arguments are those against Google‘s revenue sharing agreements with Android makers, which requires Google to be the only search on the smartphone in exchange for a percentage of search advertising revenue, said Daniel McCuaig, a partner at Cohen Milstein who was formerly with the U.S. Justice Department’s Antitrust Division. Additional reporting by Reuters Read More AI can help generate synthetic viruses and spark pandemics, warns ex-Google executive Google boss says he wants to make people ‘shrug’ How Google reshaped the world – and is about to do it all over again AI is using vast amounts of water Elon Musk says monkeys implanted with Neuralink brain chips were ‘close to death’ Volcano discovery could power electric cars for decades, scientists say
2023-09-12 01:56
Exclusive-Yandex NV could sell all Russian assets in one go
Exclusive-Yandex NV could sell all Russian assets in one go
By Darya Korsunskaya and Alexander Marrow (Reuters) -Yandex's Dutch holding company is considering selling all its Russian assets in one
2023-11-14 23:23
Banks Told to Step up Contingency Funding Plans by US Regulators
Banks Told to Step up Contingency Funding Plans by US Regulators
US lenders should review their plans for filling funding needs in times of stress to ensure that they
2023-07-29 03:17
China’s Consumer Prices Creep Out of Deflation in August
China’s Consumer Prices Creep Out of Deflation in August
China’s deflationary pressures eased slightly in August as consumer prices rose and producer price declines moderated, adding to
2023-09-09 10:27
SVB Lends $200 Million in First Syndicated Loan Since Collapse
SVB Lends $200 Million in First Syndicated Loan Since Collapse
Silicon Valley Bank will lead a more than $200 million financing facility for Pivot Energy Inc.’s multi-state portfolio
2023-05-11 00:56
Exclusive-ChatGPT-owner OpenAI is exploring making its own AI chips -sources
Exclusive-ChatGPT-owner OpenAI is exploring making its own AI chips -sources
By Anna Tong, Max A. Cherney, Christopher Bing and Stephen Nellis SAN FRANCISCO/WASHINGTON OpenAI, the company behind ChatGPT,
2023-10-06 09:20
Who is Kelly Stone? HGTV 'Flip The Strip' host named among top designers in Vegas
Who is Kelly Stone? HGTV 'Flip The Strip' host named among top designers in Vegas
In 'Flip the Strip,' charismatic Vegas dancers collaborate with renowned designer Kelly Stone known for hosting the show and her design work in Vegas
2023-07-11 07:55
Tight job market rebalances power between US business and labor
Tight job market rebalances power between US business and labor
The US economy is contending with a wave of union activism unseen in decades as organized labor seizes a rare opportunity to play hardball...
2023-10-28 09:45
Twitter is the worst major social media platform when it comes to LGBTQ+ safety, says GLAAD
Twitter is the worst major social media platform when it comes to LGBTQ+ safety, says GLAAD
All major social media platforms do poorly at protecting LGBTQ+ users from hate speech and harassment — especially those who are transgender, non-binary or gender non-conforming, the advocacy group GLAAD said on Thursday
2023-06-16 04:52
Sabato De Sarno makes highly anticipated debut at Gucci under the gaze of Hollywood stars
Sabato De Sarno makes highly anticipated debut at Gucci under the gaze of Hollywood stars
Sabato De Sarno wants people to fall in love with Gucci again, titling his debut collection “Gucci Ancora,” Italian for “Gucci Again.”
2023-09-23 06:47