Tech News

Strawberry boycott leaves Spain's farmers in a jam

A German-led campaign to boycott Spanish strawberries over environmental concerns has enraged farmers and Spain's right wing, forcing a German parliamentary delegation to suspend its work Monday. . With tensions high, the German delegation on Monday morning said it was suspending the visit, which had been due to end on Friday, in light of "the considerable political significance" that such topics had assumed "in recent days in light of the upcoming Spanish election". 

Mon, Jun 5, 2023 3 mins read

Tech News

Russia fly-around a source of tension for airline industry

With travel between Asia and Europe booming the closure of Russian airspace is hobbling Western airlines while proving a boon for those from non-aligned nations not subject to Moscow's wrath.. And it is an even bigger issue for Finnair as it has based its long-haul strategy on serving as an air bridge between Europe and Asia crossing Russian airspace.

Mon, Jun 5, 2023 3 mins read

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'Trump too small' -- US Supreme Court to decide

The US Supreme Court on Monday agreed to hear a trademark dispute over the phrase "Trump too small" used to mock the former president.. Somewhat ironically, it is the administration of Democratic President Joe Biden, on behalf of the US Patent and Trademark Office, that appealed to the Supreme Court.

Mon, Jun 5, 2023 1 mins read

Tech News

US regulators charge Binance with violating securities laws

US authorities on Monday charged cryptocurrency giant Binance with securities law violations that together amounted to what they called "an extensive web of deception" and "calculated evasion of the law.". "Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law," said SEC Chair Gary Gensler. 

Mon, Jun 5, 2023 1 mins read

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AI boss says 'heavy regulation' now could block progress

OpenAI chief Sam Altman spoke out Monday against immediate "heavy regulation" that could hamper the rapid development of artificial intelligence technology, but stressed the need for long-term institutional oversight.. Altman recognised the risk of a "superintelligence that is not really well aligned", saying it was "something that we may have to confront in the next decade, which is not very long for the institutions of the world to adapt to something".

Mon, Jun 5, 2023 2 mins read

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EU wants to 'clearly label' AI-generated online content

The European Commission wants big online platforms to "clearly label" content -- words, images and audio -- that has been created by artificial intelligence, one of its vice presidents said Monday.. Realistic but fake images of the pope in a high-fashion puffer jacket and former US president Donald Trump being arrested have been produced.

Mon, Jun 5, 2023 2 mins read

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Spotify to cut 200 staff working with podcasts

Swedish music streaming giant Spotify said Monday it will cut some 200 positions, equalling two percent of its workforce, as it slims down its internal podcast operations. . In January, following similar moves by other tech industry giants, the streaming giant announced it was cutting around 600 jobs.

Mon, Jun 5, 2023 1 mins read

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France announces massive state aid to chips factory

France is ploughing 2.9 billion euros ($3.1 billion) of public money into a factory to make microchips, officials said on Monday, heating up a global race for the lucrative market.. The funding would go towards a 7.5-billion-euro project announced last year to be run by European multinational STMicroelectronics and US company GlobalFoundries.

Mon, Jun 5, 2023 1 mins read

Tech News

Air travel to soar near record in 2023: industry group

Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.. - Profits equal to $2.25 per passenger - Airlines transported a record 4.54 billion people in 2019 before Covid brough travel to a standstill.

Mon, Jun 5, 2023 3 mins read

Tech News

Air travel to soar near record in 2023: industry group

Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday.. The pandemic devastated the airline industry, which lost $137 billion when countries imposed lockdowns and closed borders in 2020.

Mon, Jun 5, 2023 1 mins read