Tech News

India fact-checkers face threats, jail in misinformation fight

Hunched over laptops in small office cubicles, a group of Indian fact-checkers is on the frontlines of a war against misinformation, braving online abuse and legal threats.. As in other countries, Indian fact-checkers operate in an ecosystem where internet lies travel faster than truth, and posts peddling misinformation often get more traction than real news.  

Alibaba reports loss of $2.9 billion in third quarter

Chinese e-commerce giant Alibaba on Thursday reported a loss of 20.6 billion yuan ($2.89 billion) for the third quarter, as the company grapples with an economic slowdown and an anti-monopoly crackdown.. - Flagging demand - The company said in its statement on Thursday that revenue from domestic commerce had fallen in the third quarter, "mainly as a result of softer consumption demand, Covid-19 resurgence and restrictions, as well as ongoing competition".

Binance boss pledges to release audit, throws 'psychopath' jab

The head of Binance, the world's top cryptocurrency exchange, pledged Thursday to release an audit into the firm and rejected claims he sparked the recent collapse of rival platform FTX. Changpeng Zhao said an independent audit into Binance would be released "in a couple of weeks" and urged a full investigation into FTX's demise, before delivering a scathing critique of its founder Sam Bankman-Fried, questioning his mental stability.. When asked whether Binance would release an independent audit of its reserves and liabilities, Zhao said: "Yes... and I think in a couple of weeks."

Sports world tries to sidestep collapse of sponsor FTX

The collapse of the cryptocurrency exchange FTX has sent shockwaves through sport, which the platform used widely to build its brand.. "Some of the biggest names in sports and entertainment have either invested in FTX or been brand ambassadors for the company" and hyped the exchange in ads and on social media, the document said.

S. Korea, Saudi Arabia agree to boost energy and defence ties

The leaders of South Korea and Saudi Arabia agreed Thursday to boost ties in key sectors such as energy and defence, with the oil-rich kingdom signing a slew of deals including a $6.7 billion petrochemical agreement.. Among the agreements was Saudi investment for South Korean refiner S-OIL's Shaheen project, which would build petrochemical production facilities in South Korea worth $6.7 billion, Yoon's office said.

Ukraine grain export deal extended for four months

An agreement allowing Ukraine to export grain through the Black Sea and aimed at relieving global food insecurity has been extended for 120 days, officials said on Thursday.. On Thursday Ukrainian and Turkish officials announced that the agreement would be extended by four months under existing conditions.

California lab-grown meat start-up gets first green light

A California-based lab-grown meat start-up received the first green light for such products from the US food safety agency on Wednesday, although the product still has more hurdles to clear before being sold to consumers.. Several start-ups are aiming to produce so-called lab-grown meat, which would allow humans to consume animal protein without harming the environment through farming and without any animal suffering.

Asian markets sink as rate hike woes return to the fore

Trading was subdued in Asia on Thursday as the optimism that characterised recent sessions was dealt a blow by data showing a resilience among US consumers that gives the Federal Reserve room to keep hiking interest rates.. But on Wednesday the commerce department said retail sales jumped far more than expected last month, suggesting Americans are still able to weather the higher inflation and interest rate environment.

As recession looms, Airbnb CEO wants your home to make money

After years of trying to expand into other sectors, the CEO of holiday home giant Airbnb, wants to get back to the basics: helping people make money.. - 'Huge business' - In order to face the challenge, more hosts are needed: "We got to help people make money," said Chesky, especially those that are reluctant to open up their properties to strangers.