Tech News

Asian markets down again as traders eye more monetary tightening

Stock markets resumed their downward trend Wednesday, with traders fearing the Federal Reserve's determination to beat inflation with higher interest rates will tip the world's top economy into recession.. But commentators said trying to plot a course through the next few months would be tricky owing to inflation and rate increases as well as other issues such as the Ukraine war, geopolitical tensions and China's Covid-damaged economy.

Tue, Aug 30, 2022 2 mins read

Tech News

Is Google Helpful Content Impacting Your Business? Check SEMRUSH Sensor Data as on August 29, 2022

News remains the only category with the highest SERP volatility as of August 29, 2022. SERP volatility across all categories is generally low.

Tue, Aug 30, 2022 4 mins read

Tech News

California law would make tech firms think of children

California legislators on Tuesday passed a bill to require tech firms to put the well-being of children over profits when designing apps or other online products.. If signed into law, firms making apps or websites would have to build protections for children into products, even if they are intended for adults, according to the bill.

Tue, Aug 30, 2022 2 mins read

Tech News

China's August factory activity weakens for second straight month

China's manufacturing activity dropped in August for the second month in a row, official data showed Wednesday, as strict zero-Covid restrictions and extreme heat hit growth.. China's manufacturing PMI has been in contraction territory for five out of the past six months, in the wake of a disruptive monthslong lockdown in Shanghai and Covid-related restrictions elsewhere.

Tue, Aug 30, 2022 1 mins read

Tech News

Amazon to unveil its $1bn bet with 'Lord of the Rings' prequel launch

Stanley Kubrick once famously said J.R.R. Tolkien's "The Lord of the Rings" trilogy of novels was unfilmable.. "The Rings of Power" is set in Tolkien's "Second Age" -- a period of history in his fictional Middle Earth world thousands of years before the events of "The Hobbit" and "The Lord of the Rings."

Tue, Aug 30, 2022 3 mins read

Tech News

Exec departures at Snap after report of workforce cuts

Two top executives at Snap are leaving to join Netflix, the streaming giant said Tuesday, after a report emerged that the Snapchat parent company is to slash its workforce by a fifth.. Netflix said in a statement that Snap's chief business officer Jeremi Gorman and Peter Naylor, the vice president of ad sales for the Americas, will be joining the company in September.

Tue, Aug 30, 2022 1 mins read

Tech News

Gazprom halts pipeline gas flow in new jitters for Europe

Russian energy giant Gazprom on Wednesday cuts off its gas supplies to Germany via the Nord Stream 1 pipeline for maintenance work, further raising tensions on an already taut electricity market.. "In July, it was regular maintenance planned for a long time by Nord Stream 1, this time it was not planned and we don't know what is behind this operation," the official said on condition of anonymity.

Tue, Aug 30, 2022 3 mins read

Tech News

London mayor warns of possible 'Tube' fare hikes

London's mayor warned Tuesday of possible fare rises and service cuts after the capital's transport operator struck a 20-month funding deal with the UK government that still leaves a budget "gap".. But Labour mayor Sadiq Khan said the settlement with the ruling Conservative government meant a £740 million funding shortfall remained, and that fare hikes and service reductions were under consideration.

Tue, Aug 30, 2022 1 mins read

Tech News

Will take 'a few years' to get US inflation back to 2%: Fed official

The Federal Reserve is committed to bringing soaring US inflation back down to two percent, but that will take "a few years," a top central banker said Tuesday.. New York Federal Reserve Bank President John Williams echoed Powell's tough comments, saying the benchmark lending rate will have to remain high for some time to bring demand back into line with supply.

Tue, Aug 30, 2022 2 mins read

Tech News

Baltic nations to boost offshore wind energy seven-fold by 2030

Nations bordering the Baltic Sea agreed Tuesday to increase offshore wind energy  to 20 gigawatts by 2030, as Europe seeks to wean itself off Russian gas following Moscow's invasion of Ukraine.. "We have agreed to increase offshore wind in the Baltic Sea seven-fold by 2030," Danish Prime Minister Mette Frederiksen told reporters after hosting a meeting between Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden.

Tue, Aug 30, 2022 1 mins read