In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently discovered a much less pleasant sound: the "haunting hum" of bitcoin mining farms.. "The noise pollution of this industry is like nothing else that has been there," said Niagara Falls Mayor Robert Restaino in his office decorated with paintings of the famous waterfalls.
Chinese authorities on Wednesday locked down the area surrounding the world's largest iPhone factory after workers fled the facility to avoid a virus outbreak and the resulting restrictions.. Local governments in the area surrounding Zhengzhou city have asked Foxconn workers to register with authorities if they return home and to complete several days of quarantine upon arrival.
Investors should avoid reading international press coverage of China's economy, a top Chinese securities regulator told a summit of global bankers on Wednesday in comments that received endorsement from two senior executives.. In his comments Fang told investors to "find out what's really going on in China, and what's the real intention of our government, by themselves".
Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal Reserve could soon tone down its hawkish pace of interest rate hikes.. "Based on US economic data out Tuesday, there is no way for the Federal Reserve to turn dovish.
Hong Kong’s US-sanctioned leader insisted Wednesday that political stability and business confidence in the city has been restored following the crushing of democracy protests, as he opened a financial summit attended by global bankers including leading Wall Street executives.. Last week, the leaders of the bipartisan US Congressional-Executive Commission on China called on Wall Street executives not to attend, accusing them of "whitewashing human rights violations" and giving political cover to Lee.
One of the world's biggest tech conferences will get going in Lisbon on Wednesday, after Ukraine's first lady formally opened the event by urging participants to use their skills to save lives rather than end them.. But at Tuesday's opening ceremony, Changpeng Zhao, boss of one of the world's biggest crypto companies Binance, tried to play down the crash.
When Elon Musk amplified a conspiracy theory about the hammer attack on US House Speaker Nancy Pelosi's husband, he joined the growing ranks of Americans routinely sharing misinformation published by dubious websites presenting themselves as local news outlets.. It also showed more than a fifth of Americans live in "news deserts" or in communities at risk of losing local outlets.
Ukraine's first lady called on Tuesday for IT specialists to help her country by building technology that saves lives rather than ending them.. "I believe that technology should be used to create, save and help people, not destroy them."
Uber will pay British authorities 615 million pounds (around $700 million) to settle a tax dispute following a British judicial ruling that classified drivers as workers, the company said Tuesday.. The settlement is the latest ripple effect from a major March 2021 ruling by Britain's Supreme Court classifying Uber drivers as employees, rejecting the Silicon Valley company's contention that the drivers should be categorized as self-employed.
New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan would solve the platform's issues with bots and trolls while creating a new revenue stream for the company.. "This will also give Twitter a revenue stream to reward content creators," Musk tweeted.
