Tech News

China's economy showing 'strong momentum', says Li

China's economy is showing "strong momentum" despite a challenging global environment, Premier Li Qiang said Thursday, promising to bolster support for business as the country emerges from strict Covid controls that hammered GDP. Li's speech at the Boao Forum, a high-profile meeting on China's southern Hainan island, was his first to an international conference since being appointed Beijing's number-two official in early March.. "China's economic growth shows strong momentum," Li told top politicians and business leaders.

Thu, Mar 30, 2023 2 mins read

Tech News

Asian markets mixed as traders weigh rates outlook

Asian markets were mixed Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.. The announcement this week lifted China's tech sector on hopes a long-running crackdown was nearing its endgame.

Wed, Mar 29, 2023 2 mins read

Tech News

'Dumbphone' fans disconnect in face of smartphone dominance

Shunning his smartphone for a "dumb" one changed the way Jose Briones engages with the world -- and he likes it that way.. Briones is far from alone in reconnecting with the analog world by relying less on finding life's solutions via the internet on his phone.

Wed, Mar 29, 2023 3 mins read

Tech News

Take your eyes off your mobile phone, says inventor, 50 years on

The problem with mobile phones is that people look at them too much.. As for the problem of people gawping at their phones too much -- even as they cross the road -- he's not worried.

Wed, Mar 29, 2023 4 mins read

Tech News

Schultz defends Starbucks' tough union stance in testy hearing

Longtime Starbucks leader Howard Schultz defended the coffee chain's confrontational approach to unionization Wednesday, while insisting it had not violated US labor law in countering the campaign.. Sanders depicted the coffee chain as an "egregious" corporate villain against its workers, pointing to numerous complaints from staff that were confirmed as labor law violations by officials at the National Labor Relations Board (NLRB).

Wed, Mar 29, 2023 3 mins read

Tech News

NASA, Boeing aiming for July launch of Starliner space capsule

The first crewed flight of Boeing's Starliner space capsule to the International Space Station (ISS) will take place in July, Boeing and NASA officials said Wednesday.. The CST-100 Starliner mission, which had previously been planned for April, will take place no earlier than July 21, the officials said.

Wed, Mar 29, 2023 1 mins read

Tech News

Schultz defends Starbucks' tough union stance in testy hearing

Longtime Starbucks leader Howard Schultz defended the coffee chain's confrontational approach to unionization Wednesday, while insisting it had not violated US labor law in countering the campaign.. Sanders depicted the chain as an "egregious" corporate villain on labor law, pointing to numerous complaints from workers that were confirmed as labor law violations by officials at the National Labor Relations Board (NLRB).

Wed, Mar 29, 2023 3 mins read

Tech News

Credit Suisse concealed more than $700 mn from US govt: Senate

Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday.. As part of a plea deal with the Justice Department, the bank paid a fine of more than $1 billion and agreed to make a complete disclosure of its cross-border activities, disclose previously undeclared accounts and cooperate with requests for account information.

Wed, Mar 29, 2023 1 mins read

Tech News

Level playing field: US Congress debates fair pay for college athletes

US lawmakers heard proposals Wednesday for a new national standard regulating how college athletes are paid for their image rights -- one of the most polarizing issues in the sporting landscape.. Fairness in student sports is a vexed issue that has prompted lawmakers to propose multiple bills in recent years.

Wed, Mar 29, 2023 2 mins read

Tech News

US VP unveils $1bn for African women's empowerment

The United States Vice President Kamala Harris announced a more than $1 billion initiative to improve women's economic empowerment in Africa on Wednesday at the end of the first leg of a three-nation trip to the continent.. Another $528 million in private sector financing will help support women's economic empowerment in Africa, the statement said.

Wed, Mar 29, 2023 1 mins read