Tech News

EU looks to boost boat tracking to fight overfishing

The EU is moving towards extra tracking and putting cameras on fishing boats to monitor their catches in order to prevent overfishing, under a deal Wednesday that environmentalists hailed as a "landmark moment".. All fishing boats would have to be fitted with electronic recording systems, with those over 18 metres (59 feet) or fishing vulnerable stocks facing reinforced monitoring requirements such as onboard cameras and sensors.

Anti-LGBTQ disinformation surges online in East Africa

Anti-LGBTQ bills in Kenya and Uganda have unleashed an unprecedented wave of online disinformation targeting the community, with experts accusing political leaders of spreading falsehoods that put lives at risk.. Political and religious leaders "have used misinformation to twist the reality and this puts LGBTQ people's lives at risk," he told AFP. "The constant lies make queer people misunderstood.

Taiwan's Foxconn predicts huge growth in AI server business

Taiwanese tech giant and key Apple supplier Foxconn predicts three-digit growth for its artificial intelligence server business due to robust demand for AI products such as ChatGPT, its chairman said Wednesday.. "For the second half of this year, we may have a three-digit growth, not two digits...

Australian casino group to pay US$290 mn over money laundering failings

Australia's Crown Resorts is set to pay a civil penalty of Aus$450 million (US$290 million) for lax money laundering controls that saw cash being carried into a casino in paper bags, shoe boxes and suitcases.. Suspicious activity included "cash being carried in suitcases, envelopes, Crown carry bags, brown paper bags or shoe boxes", it said.

Musk talks 'new energy vehicles' with industry minister during China visit

Elon Musk and China's industry minister discussed ways to develop new energy vehicles Wednesday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world's second largest economy.. On Wednesday he met Jin Zhuanglong in Beijing to discuss "the development of new energy vehicles and intelligent connected vehicles", the Ministry of Industry and Information Technology said in a readout.

Musk, China industry minister hold talks on 'new energy vehicles': ministry

Tesla CEO Elon Musk and Chinese industry minister Jin Zhuanglong held talks on "new energy vehicles" Wednesday, Beijing said.. The two "exchanged views on the development of new energy vehicles and intelligent connected vehicles", China's Ministry of Industry and Information Technology said in a readout on its website.

Markets tumble as hardline Republicans threaten US debt deal

Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.. But with the House vote due later Wednesday, nervous investors were shifting out of risk assets, sending Asian markets into the red.

Whisky lifts spirits of inflation-hit investors

The smell of ageing whisky, known as the angel's share, wafts across from 9,000 oak barrels stored from floor to ceiling in two vast warehouses at Scotland's historic Annandale Distillery.. "Annandale as a distillery doesn't offer returns on investment," he insisted.

Theranos founder Holmes reports to prison in Texas

Disgraced biotech star Elizabeth Holmes began serving her 11-year sentence for defrauding investors in a Texas prison on Tuesday.. Balwani was sentenced to nearly 13 years and is currently serving his time at a federal prison in California.

Crypto here to stay, must be regulated: Hong Kong treasury chief

Hong Kong has decided to let retail investors trade cryptocurrency under its new regulatory regime because "virtual assets are going to stay", the city's minister overseeing financial services said Tuesday.. "Despite the potential risks involved, (virtual assets) also carries with it fundamental value," Christopher Hui, Hong Kong's secretary for financial services and the treasury, told AFP in an interview.