Tech News

EU, UK discuss N. Ireland post-Brexit trading problems

UK Foreign Secretary James Cleverly on Monday met EU Commission Vice-President Maros Sefcovic to discuss problems in Northern Ireland surrounding post-Brexit trading arrangements.. London and Brussels have been negotiating for months to try to ease the tensions over new Northern Irish trade arrangements which treat the province differently from the rest of the UK. Together with UK Northern Ireland secretary Chris Heaton-Harris, they "took stock of work to find joint solutions to the concerns raised by the businesses and communities in Northern Ireland", a joint statement said.

Mon, Jan 9, 2023 2 mins read

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Big Tech sued by Seattle schools over mental health 'crisis'

The public school district in the US city of Seattle has filed a lawsuit against big tech companies for allegedly causing mental harm, depression and anxiety among students.. Public school officials said they are "holding social media companies accountable for the harm they have wreaked on the social, emotional, and mental health" of students.

Mon, Jan 9, 2023 1 mins read

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US agency fines ex-McDonald's CEO for defrauding investors

US authorities on Monday fined former McDonald's CEO Stephen Easterbrook and barred him from serving as a public company officer for five years after accusing him of defrauding investors in connection with his termination in 2019.. Originally appointed in 2015, Easterbrook was credited with boosting McDonald's operations until his sudden November 2019 departure following a consensual romantic relationship with an employee that violated company policy.

Mon, Jan 9, 2023 1 mins read

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TikTok CEO to meet EU regulators in Brussels

TikTok's chief executive will hold talks with top EU officials in Brussels on Tuesday as the West steps up its scrutiny of the Chinese-owned social media giant.. The bloc's top official for enforcing digital regulation, Thierry Breton, will hold a video call with Chew on January 19 since he is in Spain this week.

Mon, Jan 9, 2023 2 mins read

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Profits up but outlook 'cautious' at Indian software giant TCS

India's largest software exporter Tata Consultancy Services on Monday reported higher earnings in the December quarter, but missed expectations and warned of a "cautious" business environment in the new year.. The revenue figures beat expectations but profits missed slightly, media reports said.

Mon, Jan 9, 2023 2 mins read

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Rolls-Royce posts record car sales in 2022

Rolls-Royce Motor Cars sold a record number of its luxury vehicles last year, the UK-based group announced Monday, voicing "cautious" optimism for 2023 even as inflation remains sky-high.. Orders for Spectre, its first all-electric car that launches later this year, beat expectations. "2022 has been a momentous year for Rolls-Royce Motor Cars," said chief executive Torsten Muller-Otvos.

Mon, Jan 9, 2023 0 mins read

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Facebook wrong to remove 'death to Khameini' posts: watchdog

Facebook owner Meta should not have taken down posts featuring a slogan calling for the death of Iranian supreme leader Ayatollah Khameini, a watchdog said on Monday. . Facebook moderators decided last July that posts featuring the Persian slogan "marg bar Khameini," literally translated as "death to Khameini," broke the firm's guidelines against inciting harm or killing.

Mon, Jan 9, 2023 1 mins read

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AstraZeneca buys US biotech firm CinCor

Anglo-Swedish pharmaceuticals giant AstraZeneca on Monday agreed to buy US biotech company CinCor for $1.8 billion, expanding further into the field of heart and kidney drugs.. Since taking the helm at AstraZeneca in 2012, Frenchman Soriot has expanded the company into lucrative cancer therapies.

Mon, Jan 9, 2023 0 mins read

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Suez Canal traffic 'normal' after stuck vessel refloated

Suez Canal maritime traffic was "normal" Monday after a cargo vessel carrying Ukrainian grain ran aground but was then refloated and towed away, said the Egyptian authority running the vital waterway. . "Suez Canal Authority tugs are currently trying to refloat the vessel."

Mon, Jan 9, 2023 2 mins read

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Asian markets extend new year rally on Fed hopes

Asian markets resumed their strong start to the year Monday, tracking a surge on Wall Street fuelled by hopes that US data will allow the Federal Reserve to slow its pace of interest rate hikes.. In a further sign of hope, data Friday showed eurozone inflation slowed for a second month in a row in December, to 9.2 percent -- the first time in single digits since September.

Sun, Jan 8, 2023 3 mins read