Tech News

Huawei has replaced thousands of US-banned parts with Chinese versions: founder

Chinese technology giant Huawei has replaced thousands of product components banned by the United States with homegrown versions, its founder has said, according to a transcript of a recent speech released by a Shanghai university.. The moves have forced the firm to find new ways to obtain semiconductors and other parts, with founder Ren Zhengfei saying Huawei has replaced more than 13,000 components with domestic versions in the past three years, according to the transcript posted by Shanghai Jiao Tong University on Friday.

Sat, Mar 18, 2023 1 mins read

Tech News

JPMorgan's Jamie Dimon plays key role in bank rescue, in echo of 2008

Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.. And Dimon, 67, played an important role in the plan.

Fri, Mar 17, 2023 3 mins read

Tech News

In US, 'tip fatigue' raises questions about sacrosanct habit

To tip, or not to tip?. As a result, "trying to figure out like, when to tip, when not to tip, what is the appropriate tip, is it like always 20 percent now?

Fri, Mar 17, 2023 3 mins read

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Musk says code for recommending tweets will be public

Twitter owner Elon Musk on Friday put out word that he will make public the long-secret algorithm for recommending tweets.. Making the code open source would mean developers, including aspiring rivals, would be able to put their own spins on the algorithm, according to a foundation for the software ecosystem.

Fri, Mar 17, 2023 1 mins read

Tech News

'I'M BACK': Trump returns to Facebook, YouTube after ban lifted

Former president Donald Trump wrote his first posts on his reinstated Facebook and YouTube accounts Friday, more than two years after he was banned over the US Capitol insurrection.. He was sanctioned for posting content that the platforms said incited unrest, with YouTube announcing his reinstatement on Friday, two months after Facebook said it was unlocking his account.

Fri, Mar 17, 2023 2 mins read

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Interest rate risk: SVB's nemesis a well-known foe in banking

Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management.. SVB was a case of "management failure or malpractice," he said.

Fri, Mar 17, 2023 3 mins read

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Credit Suisse at a crossroads as stocks slide again

Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.. After recovering some ground on Thursday, Credit Suisse shares closed down eight percent on Friday at 1.86 Swiss francs each as the Zurich-based lender struggled to regain the confidence of investors.

Fri, Mar 17, 2023 3 mins read

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Belarus jails top news site managers for 12 years

Belarus on Friday handed long jail terms to senior staff at the country's largest independent news site, which was forced to shutter after historic demonstrations against strongman Alexander Lukashenko.. Belarus also jailed two other perceived government critics on Friday.

Fri, Mar 17, 2023 2 mins read

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NATO, EU chiefs tour Norway gas platform

The NATO and EU chiefs visited a North Sea gas platform on Friday as Norway's prime minister vowed to keep up deliveries after his country supplanted Russia as Europe's main supplier.. In a show of unity, Norway's Prime Minister Jonas Gahr Store met with NATO Secretary General Jens Stoltenberg and European Commission President Ursula von der Leyen on the Troll platform.

Fri, Mar 17, 2023 1 mins read

Tech News

Microsoft seeks EU nod for Activision Blizzard bid with new offer

Microsoft said on Friday that it has offered formal commitments to the EU in its bid to persuade the bloc to approve its $69-billion takeover of video game giant Activision Blizzard.. Company executive Brad Smith was in Brussels last month for talks with EU officials, after which he said he was "more optimistic" about the deal's approval but he dismissed calls for Microsoft to sell hit games like "Call Of Duty".

Fri, Mar 17, 2023 1 mins read