Tech News

Asian markets swing on lingering rate concerns

Asian markets were mixed Monday with traders on edge as they considered the prospect of more US interest rate hikes aimed at bringing down stubbornly high inflation.. In early trade, Asian markets fluctuated following a mixed day on Wall Street on Friday.

NY Met to let French make 3D copies of two 16th-century sculptures

Two 16th-century sculptures, jewels of French Renaissance art, have been on display since 1908 at New York's Metropolitan Museum of Art.. This type of unusual deal ensures that art works can exist in two places, Mann said, while adding that his museum, with its millions of annual visitors, "seems like the safest place to have the sculptures for their long-term preservation." nr/bbk/sw

Facebook-owner Meta to roll out paid subscription

Facebook and Instagram owner Meta will launch a paid subscription service starting at $11.99 a month allowing users to verify their accounts, CEO Mark Zuckerberg announced Sunday, following a similar move by Elon Musk at Twitter.. There would be no changes to accounts on Facebook and Instagram that are already verified, the company said, adding that only users who are over the age of 18 will be allowed to subscribe.

Facebook-owner Meta to roll out paid subscription

Facebook and Instagram owner Meta will launch a paid subscription service starting at $11.99 a month allowing users to verify their accounts, CEO Mark Zuckerberg announced Sunday, following a similar move by Elon Musk at Twitter.. There would be no changes to accounts on Facebook and Instagram that are already verified, the company said, adding that only users who are over the age of 18 will be allowed to subscribe.

'Watched my father die': Tech firms face ire over legal shield

Poring over family photographs, Jessica Watt Dougherty voices anguish over her father's death -- which she attributes to misinformation on an online platform, an issue at the heart of a knotty US debate over tech regulation.. Dougherty noticed the same when she created an account on Gab after her father's death.

Earthquake sends tremors through Turkey's fragile economy

Turkey was already battling runaway inflation and relying on rich allies for funding to keep its economy afloat when a massive earthquake killed tens of thousands, razed entire cities and left millions needing urgent help.. The central bank's vanishing coffers have been replenished by assistance from Russia and oil-rich Gulf states, which has helped Turkey spend tens of billions of dollars propping up the lira in the past few years.

Luxury sector eyes reopening of China

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023.. LVMH's Arnault said it was no secret that China needs growth and that the government would likely take steps to facilitate economic expansion as the country reopens.

How India's scandal-hit Adani Group hushes critics

Independent Indian journalist Paranjoy Guha Thakurta is being sued by tycoon Gautam Adani's business empire in six different courts -- and he is not allowed to speak about the conglomerate or its owner.. He could be jailed if convicted and a court order prevents him from writing or speaking about the business or its owner.

US Supreme Court takes on immunity for tech giants

The US Supreme Court this week examines a quarter-century old law that has protected tech companies from lawsuits and prosecution for content posted by their users, with a chance that the rules governing the internet will no longer stand.. The idea was to protect the then embryonic internet sector from cascading lawsuits and to allow it to flourish, while encouraging tech companies to moderate their content.

Near misses raise fresh questions for US air regulator

US air safety regulators are facing fresh questions following recent near crashes at American airports, further challenging an aviation industry ramp-up in response to rising travel demand.. The Federal Aviation Administration is already facing questions after the agency in January ordered a temporary grounding of planes nationally for the first time since 9/11 due to problems with a safety alert system.