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Polestar 4 production starts; first customer deliveries expected before end of 2023
Polestar 4 production starts; first customer deliveries expected before end of 2023
GOTHENBURG, Sweden--(BUSINESS WIRE)--Nov 15, 2023--
2023-11-15 16:24
Yankees new jersey ads can pay for less than half a Shohei Ohtani
Yankees new jersey ads can pay for less than half a Shohei Ohtani
The New York Yankees are the latest MLB team to add a jersey patch to their noted pinstripes courtesy of Starr Insurance, though it won't help them afford Shohei Ohtani.There's something about advertisements on jerseys that bothers the old heads like myself (okay, I'm only 30), es...
2023-07-13 22:49
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
Putin profits off US and European reliance on Russian nuclear fuel
Putin profits off US and European reliance on Russian nuclear fuel
The U.S. and its European allies are importing vast amounts of nuclear compounds and products from Russia, giving Moscow hundreds of millions of dollars in revenue as it wages war on Ukraine
2023-08-10 21:27
Arm listing may boost return to IPOs
Arm listing may boost return to IPOs
The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a...
2023-08-23 18:18
'Altcoins' central to Hong Kong crypto firm HashKey’s first liquid fund
'Altcoins' central to Hong Kong crypto firm HashKey’s first liquid fund
(Corrects company name HashKey with capitalisation of letter K) By Summer Zhen HONG KONG (Reuters) -The first secondary crypto market
2023-08-31 21:19
US Mortgage Rates Slide Sharply, Reinvigorating Housing Demand
US Mortgage Rates Slide Sharply, Reinvigorating Housing Demand
US mortgage rates dropped sharply, capping the biggest four-week slide in nearly a year and spurring a fresh
2023-11-22 20:45
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion that will speed up its entry into the commercial market for ovarian cancer
2023-11-30 22:50
Dollar slips in thin holiday trading on bets Fed is done with rate rises
Dollar slips in thin holiday trading on bets Fed is done with rate rises
By Ankur Banerjee and Joice Alves SINGAPORE/LONDON The dollar edged lower on Monday, with U.S. markets closed for
2023-09-04 17:24
FTC hits Amazon with $25 million fine for violating child privacy with Alexa voice assistant
FTC hits Amazon with $25 million fine for violating child privacy with Alexa voice assistant
Amazon has agreed to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids’ voice and location data recorded by its Alexa voice assistant
2023-06-01 12:19
North Korea Isn’t Talking About Soldier Who Bolted, US Says
North Korea Isn’t Talking About Soldier Who Bolted, US Says
The US State Department said “there’s been no communication since last week” with North Korea about the American
2023-07-25 04:48
Sydney office block sold at 16% discount as rates, remote working hit sector
Sydney office block sold at 16% discount as rates, remote working hit sector
By Lewis Jackson and Rishav Chatterjee SYDNEY Australian real estate firm Dexus said on Friday it had sold
2023-08-18 11:19