Tech News

Spiking costs, fading snow squeeze Austrian ski resorts

One of Austria's top ski resorts is making as much artificial snow as possible to lay a thick base on the slopes before its energy bills leap.. The soaring energy bills for Austria's famed ski resorts have translated into pricier tickets, but also shorter hours and reduced service.

Tesla hoping electric 'Semi' will shake up heavy duty market

After years of delays, US automaker Tesla is expected on Thursday to deliver its first battery-powered semi truck, with which it hopes to get a jump start on the nascent electric heavy duty vehicle market by offering longer ranges without recharging.. The electric vehicles currently on offer only have a range of 250 to 300 miles.

Asian stocks join global rally and dollar drops on Fed rate joy

Asian stocks extended a global rally Thursday and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting Covid.. Those rallies were also helped by signs that China is edging towards a more pragmatic approach to fighting the coronavirus, having hammered the economy this year with its strict Covid-zero strategy of lockdowns and mass testing.

Musk says Twitter clash with Apple a 'misunderstanding'

Twitter owner Elon Musk said he met with Apple chief Tim Cook on Wednesday and "resolved the misunderstanding" that prompted him to declare war on the iPhone maker's App Store.. "Among other things, we resolved the misunderstanding about Twitter potentially being removed from the App Store," Musk tweeted.

Hackers dump Australian health data online, declare 'case closed'

The hackers leaking stolen Australian health records to the dark web on Thursday appeared to end their extortion attempt by dumping a final batch of data online and declaring:"Case closed.". The first batches of stolen data started appearing on a dark web forum on November 9, in curated posts highlighting medical records about drug addiction, pregnancy terminations and sexually transmitted infections. 

Bankman-Fried apologizes, says didn't 'try to commit fraud'

Former FTX Chief Executive Sam Bankman-Fried apologized Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.. Bankman-Fried said he didn't knowingly "comingle" funds between the two firms.

Bankman-Fried apologizes, says didn't 'try to commit fraud'

Former FTX Chief Executive Sam Bankman-Fried apologized Wednesday for a "lot of mistakes" in the abrupt collapse of the cryptocurrency firm and said he did not knowingly behave fraudulently.. Bankman-Fried, appearing by video from the Bahamas, said he was "shocked" by many of the details that have surfaced since the cryptocurrency platform's collapse. 

US rate hikes could slow 'as soon as' December: Fed chair

The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome Powell said Wednesday, as the US central bank's campaign to cool prices trickles through the world's largest economy.. "The time for moderating the pace of rate increases may come as soon as the December meeting" of Fed policymakers, Powell said in a speech at the Brookings Institution think tank.

US House approves bill to avert freight rail strike

Lawmakers in the US House of Representatives voted Wednesday to prevent a potentially catastrophic freight rail strike, stepping in to break an impasse between workers and executives during a critical pre-holiday period.. Graves said he was voting on the resolution to avert an "economically ruinous" rail strike as he blamed the Biden administration for the issue, saying it had "failed" to lead on the impasse. jmb/mlm

Germany, Norway seek NATO-led hub for key undersea structures

Germany and Norway want to start a NATO-led alliance to protect critical underwater infrastructure, their leaders said on Wednesday, weeks after explosions hit two key gas pipelines in the fallout from the war in Ukraine.. The G7 interior ministers warned earlier this month at a meeting in Germany that the Nord Stream explosions had highlighted "the need to better protect our critical infrastructure". fec/hmn/imm