Tech News

Biden tours Detroit Auto Show, highlighting electric vehicle push

A revived Detroit Auto Show kicked off in earnest Wednesday, with US car giants showcasing a mix of gasoline and electric vehicles (EV) ahead of an address by President Joe Biden.. While gasoline-powered cars still dominate US roads, Detroit auto giants are unveiling more and more EVs as they pump billions of dollars in investment in a  bid to wrest control of a growing market from Tesla and newer upstarts amid concerns over climate change and petroleum dependency.

Wed, Sep 14, 2022 4 mins read

Tech News

US indicts Iranians who hacked power company, women's shelter

The US Department of Justice announced an indictment Wednesday against three Iranian hackers who used ransomware to extort a battered women's shelter and a power company.. "The indictment does not allege that these actors undertook these actions on behalf of the Government of Iran," a senior Justice Department official told reporters.

Wed, Sep 14, 2022 1 mins read

Tech News

Shops shut for queen's funeral but pubs to raise glass

Many retailers will shut Monday for the state funeral of Queen Elizabeth II but thousands of pubs and bars will remain open for Britons to toast the late monarch.. "Our managed pubs, bars and venues remain open and, where possible, will show the funeral... to honour her life and service," added the owner of popular bar brands Walkabout and Slug & Lettuce.

Wed, Sep 14, 2022 2 mins read

Tech News

Smaller Detroit Auto Show kicks off ahead of Biden address

A revived Detroit Auto Show kicked off in earnest Wednesday with presentations by GM and Stellantis brands ahead of an address by President Joe Biden expected to highlight electric vehicle investments.. The presentations opened the first Detroit car show since 2019 following pandemic cancelations.

Wed, Sep 14, 2022 1 mins read

Tech News

UK inflation eases from 40-year high

UK inflation has eased on lower motor fuel costs but remains close to 40-year peaks, official data showed Wednesday as the nation faces more strikes over a cost-of-living crisis.. Although motor fuel prices dropped last month, they remain historically very high, while average food prices rocketed more than 13 percent in August. 

Wed, Sep 14, 2022 2 mins read

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Lufthansa back in private hands as govt sells rescue stake

Lufthansa said Wednesday the German state had sold the stake it took in the airline as part of a rescue package at the peak of the Covid pandemic, and booked a healthy profit in the process.. To save Lufthansa from bankruptcy, the German government took a 20-percent stake in the group under a nine-billion-euro (dollar) state aid package.

Wed, Sep 14, 2022 1 mins read

Tech News

Europe's battle with Big Tech: billions in fines and tough laws

The European Union is on a mission to rein in US tech giants, which have been accused of tax avoidance, stifling competition, raking in billions from news without paying for it and spreading misinformation.. - Paying for news – Google and other online platforms are also accused of making billions from news without sharing the revenue with those who gather it.

Wed, Sep 14, 2022 3 mins read

Tech News

EU plans 'comprehensive reform' of electricity market

The EU plans a "deep and comprehensive" reform of the electricity market to cope with an energy crisis sparked by Russia's war in Ukraine, European Commission chief Ursula von der Leyen said Wednesday.. As for Russia, the EU chief signalled that the bloc would maintain its sanctions pressure on Russia as long as it waged its war in Ukraine.

Wed, Sep 14, 2022 3 mins read

Tech News

Google loses appeal against record EU antitrust fine

The European Union's second-highest court on Wednesday overwhelmingly upheld the EU's record fine against Google over its Android operating system for mobile phones, slightly reducing the fee for technical reasons.. Both sides can turn to the EU's highest court, the European Court of Justice, for a final say on the fine, which was the equivalent of $5 billion when levied.

Wed, Sep 14, 2022 2 mins read

Tech News

EU plans 'comprehensive reform' of electricity market

The EU plans a "deep and comprehensive" reform of the electricity market to cope with an energy crisis spurred by Russia's war in Ukraine, European Commission chief Ursula von der Leyen said Wednesday.. As for Russia, the EU chief signalled that the bloc would maintain its sanctions pressure on Russia as long as it waged its war in Ukraine.

Wed, Sep 14, 2022 3 mins read