Tech News

Chinese medical portal censored after doubting herbal 'Covid remedy'

A popular Chinese medical information site has been censored by authorities for "violation of relevant laws and regulations", months after its criticism of a government-backed herbal Covid-19 treatment sent shares in a pharmaceutical giant tumbling.. The website has now been banned from posting on at least five of its Weibo social media accounts, with a notice at the top of its official page saying that due to "violation of relevant laws and regulations, this user is currently prohibited from posting".

Thu, Aug 11, 2022 2 mins read

Tech News

Markets track Wall St rally as soft US inflation boosts rate hopes

Asian markets rallied Thursday as investors breathed a sigh of relief after data showed US inflation finally easing from a four-decade high, giving the Federal Reserve some room to slow down its pace of interest rate hikes.. Investors will be hanging on further comments from policymakers over the next weeks for an idea about the pace of rate hikes, with a still-strong jobs growth showing the economy remained resilient despite higher borrowing costs and inflation.

Wed, Aug 10, 2022 3 mins read

Tech News

Cheaper, changing and crucial: the rise of solar power

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world's energy transition.. India pioneered the use of solar panels over canals a decade ago, reducing evaporation as they generate power.

Wed, Aug 10, 2022 4 mins read

Tech News

Singapore trims 2022 growth forecast on strong global headwinds

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.. But compared to the previous three months, the economy contracted by 0.2 per cent, reversing the 0.8 percent expansion in the first quarter.

Wed, Aug 10, 2022 1 mins read

Tech News

Fresh fears after Facebook's role in US abortion case

Facebook sparked outrage by complying with US police probing an abortion case, boosting simmering fears the platform will be a tool for clamping down on the procedure.. Yet Facebook owner Meta defended itself Tuesday by noting the Nebraska court order "didn't mention abortion at all", and came before the Supreme Court's highly divisive decision in June to overturn Roe v Wade, the case which conferred right to abortion in the United States.

Wed, Aug 10, 2022 3 mins read

Tech News

Brazil farmers bet on environmentally friendly cotton

The road through Cristalina, Brazil is in the middle of the tropics, but the fields on either side look like they are covered in snow -- little white puffs of cotton stretching to the horizon.. The 27,000-hectare (67,000-acre) operation, run by agribusiness giant SLC Agricola, is like a small city in the middle of the countryside, with a banquet hall, a children's park, sports fields and housing for employees.

Wed, Aug 10, 2022 3 mins read

Tech News

Disney+ subscribers surge as Netflix stumbles

The Disney+ streaming service saw its number of paying subscribers leap beyond expectations in the last quarter, as rival Netflix's client count ebbed, results showed Wednesday.. The overall number of subscribers to Disney streaming services topped those of Netflix for the first time.

Wed, Aug 10, 2022 3 mins read

Tech News

Boeing delivers first 787 in a year

Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer in over a year due to defects discovered in the plane.. The news will be welcomed by US airlines and travelers who have suffered from massive delays and canceled flights in recent weeks, partly due to the shortage of aircraft.

Wed, Aug 10, 2022 1 mins read

Tech News

Economists urge US to return Afghanistan's frozen assets

Several dozen prominent US and international economists urged the United States Wednesday to hand over to Afghanistan $7 billion in central bank reserves frozen when the Taliban seized control of the country nearly one year ago.. This is worsened by the refusal of the United States to return to the Afghan central bank the $7 billion in foreign exchange reserves, as well as $2 billion blocked by Britain, Germany, and the United Arab Emirates, they said.

Wed, Aug 10, 2022 1 mins read

Tech News

Facebook use plunges among US teens: survey

US teens have left Facebook in droves over the past seven years, preferring to spend time at video-sharing venues YouTube and TikTok, according to a Pew Research Center survey data out Wednesday.. And the share of teens who say they are online almost constantly has nearly doubled to 46 percent when compared to survey results from seven years ago, researchers noted.

Wed, Aug 10, 2022 1 mins read