Tech News

China's Xi meets Arab leaders on 'milestone' Saudi trip

Chinese President Xi Jinping will meet Arab leaders in the Saudi capital on Friday for summits he has described as "milestone events" at a time of economic uncertainty and geopolitical realignment.. "China looks forward to working with Saudi Arabia and Arab countries to make the two summits milestone events in the history of China-Arab relations and China-GCC relations," Xi said on Thursday in remarks carried by Chinese state broadcaster CCTV. The Gulf countries, strategic partners of Washington, are bolstering ties with China as part of an eastward turn that involves diversifying their fossil fuel-reliant economies.

Fri, Dec 9, 2022 2 mins read

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China makes first delivery of homegrown passenger jet

China on Friday announced the first delivery of its new domestically produced passenger jet, with the aircraft expected to make its commercial debut early next year.. Domestic media previously reported that four aircraft were expected to be delivered to China Eastern –- the country's second-largest carrier by passenger numbers –- by the end of the year before going into operation in the first quarter of 2023.

Fri, Dec 9, 2022 1 mins read

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Playing with paradise: Defunct Bali golf course another Trump fiasco

Beer bottles and broken plastic chairs litter the fairways of a derelict golf course on the Indonesian holiday island of Bali, where laid-off workers lament the unfulfilled promises of a Donald Trump "dream project".. The planned redevelopment -- Trump's first venture into Southeast Asia's biggest economy -- was dubbed a "dream project" by his son Donald Trump Jr on a 2019 visit to Jakarta.

Fri, Dec 9, 2022 4 mins read

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Asian markets mixed with focus on US inflation data, Fed meeting

Asian markets were mixed Friday as optimism about China's economic reopening continues to face off against concerns about rising interest rates and a possible recession.. But there remains some concern that the world's top economy remains resilient and the jobs market too strong, meaning the Fed might have to keep tightening monetary policy longer than had been hoped.

Thu, Dec 8, 2022 2 mins read

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Central America's biggest mine faces closure over tax spat

Rising up through the lush vegetation of Panama's Caribbean coast, a 125-meter chimney serves as a beacon for helicopters approaching the largest mine in Central America, which faces closure next week over a contract dispute.. Central America does not have the same mining tradition seen further south.

Thu, Dec 8, 2022 3 mins read

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Recession in US 'not inevitable': Yellen

A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said Thursday, adding that she believes the world's biggest economy is on the right track in lowering inflation.. "Without seeing significant net nationwide layoffs, I believe we're on the right track in terms of lowering inflation and a recession's not inevitable," she added.

Thu, Dec 8, 2022 1 mins read

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Met Opera in NY reports crippling cyberattack

The Metropolitan Opera said Thursday that a cyberattack had prevented its website, box office and call center in NY from functioning.. Cyberattacks have plagued  companies and governmental offices in the US and elsewhere for years.

Thu, Dec 8, 2022 1 mins read

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US sues to block Microsoft's blockbuster buyout of gaming giant Activision

The US Federal Trade Commission on Thursday sued to block Microsoft's $69 billion buyout of gaming giant Activision Blizzard, maker of the blockbuster "Call of Duty" title, over concerns that it would stifle competition.. The move by Washington follows an intervention by the European Union, which opened an in-depth probe into the transaction over its concerns that the deal would see Activision Blizzard's popular games become exclusive to Microsoft, the maker of the Xbox console.

Thu, Dec 8, 2022 2 mins read

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Musk faces legal onslaught from angry ex-Twitter workers

The purge initiated by Elon Musk at Twitter when he took over the company left more than half of its 7,500 employees on the sidelines and now many of them are taking the SpaceX and Tesla tycoon to court.. All this was done while Elon Musk was abusing us in public on Twitter," said a former senior employee at Twitter, Amir Shevat.

Thu, Dec 8, 2022 2 mins read

Tech News

Canada police suspend contract with China-linked firm

Canada's federal police on Thursday suspended a contract with a Beijing-linked firm to supply and maintain police radio equipment -- following a political backlash, the public safety minister's office said.. "The RCMP has suspended the contract," a spokesperson for Public Safety Minister Marco Mendicino told AFP. When asked about it this week, Prime Minister Justin Trudeau said the deal was "disconcerting," given his security agencies' warnings about Chinese espionage and interference in Canadian affairs.

Thu, Dec 8, 2022 1 mins read