Tech News

Indonesia investigating Google over app store payment system

Indonesia has launched an anti-trust investigation into Google over the tech firm's insistence that its payment system be used for purchases from its app store, authorities said Thursday, accusing it of unfair business practices.. Third party developers offering their apps on Google Play are charged a 15 to 30 percent service fee, higher than the five percent imposed by other payment systems, according to an initial probe by the nation's anti-trust agency.

Thu, Sep 15, 2022 1 mins read

Tech News

US rail companies, unions reach 'tentative' deal to avert strike

US President Joe Biden announced Thursday that railroad companies and unions had reached a tentative deal to avert a strike that had threatened to disrupt travel and supply chains.. Unions representing freight company workers had threatened to go on strike at midnight on Friday if a deal had not been reached.

Thu, Sep 15, 2022 2 mins read

Tech News

Schiphol CEO quits over Amsterdam airport chaos

Amsterdam's Schiphol airport chief executive Dick Benschop announced his resignation on Thursday following months of chaos at one of Europe's largest transport hubs, plagued by long queues and baggage handling issues.. KLM chief executive Marjan Rintel told the NOS public broadcaster she understood why Benschop made the decision "given the ongoing chaos."

Thu, Sep 15, 2022 3 mins read

Tech News

US industrial output dips in August on drop in electricity output

A drop in electric power generation and a modest uptick in manufacturing led to a small decline in overall US industrial production in August, the Federal Reserve said Thursday.. Overall industrial production is up 3.7 percent compared to August 2021, while manufacturing output is 3.3 percent higher, according to the figures.

Thu, Sep 15, 2022 1 mins read

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US retail sales see surprise bounce in August

US consumers buying cars and going to restaurants and bars in August drove a surprise bounce in retail sales, even as spending on gasoline fell as prices at the pump dropped, according to government data Thursday.. Meanwhile, restaurants and bars rose 1.1 percent, as did building supplies, the report said, but online sales fell.

Thu, Sep 15, 2022 2 mins read

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Path clear for Swiss purchase of US F-35 fighters

Swiss lawmakers voted Thursday to proceed with the controversial purchase of F-35 fighter jets without holding a referendum sought by opponents of the deal.. The selection of the F-35 sparked some controversy, particularly in light of the cost-overruns of the fighter programme in the United States, but a Swiss parliamentary investigation did not call into question the selection of the fighter.

Thu, Sep 15, 2022 1 mins read

Tech News

Thai Supreme Court dismisses final Toyota appeal over tax bill

Thailand's Supreme Court on Thursday dismissed a final appeal by the local subsidiary of car giant Toyota over a disputed $270 million import tax bill following a decade of legal wrangling.. On Thursday the Supreme court issued a final ruling against Toyota, stating the firm was not eligible for the 30 percent import duty reduction. 

Thu, Sep 15, 2022 2 mins read

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Poorest nations to push on compensation at climate talks

The world's poorest countries say they will insist that the UN's upcoming climate talks push ahead with proposals for a fund to compensate vulnerable nations for climate-inflicted damage.. The LDC bloc, gathering countries mainly from Africa and Asia, is campaigning in particular for compensation for vulnerable countries which suffer from climate-related damage such as floods and rising seas.

Thu, Sep 15, 2022 1 mins read

Tech News

Shell CEO to step down, hand reins to renewables chief

Shell on Thursday announced the exit of chief executive Ben van Beurden as the British oil and gas giant looks to reinvent itself under group renewables boss Wael Sawan.. This even as van Beurden carried out Shell's costly withdrawal from Russian gas and oil.

Thu, Sep 15, 2022 3 mins read

Tech News

Ethereum blockchain completes 'monumental' overhaul

Senior figures in the crypto world said on Thursday that one of the biggest software upgrades the sector has ever seen was completed, an overhaul of the Ethereum blockchain aimed at reducing its massive energy consumption.. Buterin quoted research claiming that the "merge", as developers have called the software upgrade, would reduce global energy consumption by 0.2 percent.

Thu, Sep 15, 2022 2 mins read