Tech News

Business confidence slumps among Japan's big manufacturers

Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday.. A positive figure means more businesses feel optimistic than pessimistic.

Oil powers announce surprise cuts of more than 1 million bpd

Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market.. A Saudi energy ministry official "emphasised that this is a precautionary measure aimed at supporting the stability of the oil market", the official Saudi Press Agency said.

Swiss prosecutors say investigating UBS-Credit Suisse merger

Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.. Both UBS and Credit Suisse, Switzerland's second-biggest bank, are among a select group of lenders deemed "too big to fail" due to their importance to the global banking system.

Dutch refinery to feed airlines' thirst for clean fuel

Scaffolding and green pipes envelop a refinery in the port of Rotterdam where Finnish giant Neste is preparing to significantly boost production of sustainable aviation fuel.. "With the production facilities of Neste in Rotterdam and Singapore, we can meet the mandate for EU in 2025," said Jonathan Wood, the company's vice president for renewable aviation.

European aviation sector fears CO2 rules could clip its wings

European airlines fear losing out to rivals based outside the EU that can ignore the bloc's emissions-reduction rules to become carbon neutral by 2050.. - 'Stop being naive' - Carbon dioxide emissions from aviation have been included in the EU emissions trading system since 2012. 

Barcode turns 50 but its days might be numbered

The patch of irregular vertical lines that revolutionised checking out at the supermarket and facilitated the globalisation of retail is turning 50.. It has become so integrated in the shopping experience that it is easy to forget how much the technology revolutionised retail by speeding up the checkout process and giving retailers the ability to trace products and better manage inventory.

Boon or blight? E-scooters around the world

The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide are under scrutiny in the French capital, where residents vote Sunday on whether to ban them.. - Paris: the pioneer - The French capital was an early adopter of e-scooters in 2018, when the pavements were soon strewn with discarded rental devices from the first operator, Lime.

Paris votes on whether to ban e-scooters for hire

Voters in Paris are set to decide Sunday on whether to banish electric scooters for rent from the streets of the French capital, which was a pioneer in adopting the divisive new form of urban transport.. Such views are likely to dominate in the 21 voting booths set up around the French capital on Sunday, with the exercise billed as a "public consultation" rather than a referendum by mayor Anne Hidalgo.

Squeezed by high costs, US tenants grapple with eviction

For nearly eight years, driving for a ride-hailing platform and making deliveries helped Laine Carolyn pay her bills -- but a sudden deterioration in health forced her to stop work and fall behind on rent.. Carolyn had worked out a payment plan with her landlord but it became increasingly hard to work as her health worsened: "I just couldn't make enough money."

Right-wing video site Rumble grows, as does its misinformation

The video-sharing platform Rumble, flush with cash after a $400 million investment, is pushing toward its goal of becoming the YouTube for American conservatives, even as it faces criticism for allowing misinformation and conspiracy theories to proliferate.. Although it promotes itself as a "neutral" platform, its limited content moderation offers a home to conspiracy theories about Covid-19, the 2020 election and more.