Tech News

France probes Apple over restricting smartphone repair

France is investigating US tech giant Apple over it allegedly planning for smartphones to become out of date through restricting their repair, prosecutors and an association said on Monday.. HOP said it hoped the investigation would demonstrate the iPhone maker was "associating the serial numbers of spare parts to those of a smartphone, including via microchips, giving the manufacturer the possibility of restricting repairs by non-approved repairers or to remotely degrade a smartphone repaired with generic parts".

Mon, May 15, 2023 1 mins read

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French Polynesia nuke tests slightly increased cancer risk: study

Polynesians exposed to fallout from France's nuclear tests in the South Pacific have a slightly increased risk of developing thyroid cancer, a study suggested on Monday that used declassified military data for the first time.. "This is the proportion of thyroid cancer attributable to the tests among all the cases of thyroid cancer that have or will develop in the people present at the time of the tests, in all islands combined," the study's lead author Florent de Vathaire told AFP.  The impact of the nuclear tests was "weak but not at all non-existent," said de Vathaire, a radiation expert at France's INSERM medical research institute.

Mon, May 15, 2023 1 mins read

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EU backs Microsoft's Activision Blizzard takeover

The EU on Monday gave the green light to Microsoft's $69-billion takeover bid for US video game giant Activision Blizzard, just weeks after the British competition regulator blocked the deal, putting it at risk.. The CMA blocked the bid over concerns it could kill competition in the fast-growing cloud gaming market, and lead to less choice for British gamers in the future.

Mon, May 15, 2023 3 mins read

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Ikea vows lower prices as it boosts investments

Ikea plans to invest more than $1 billion in France after announcing a US expansion, and the Swedish furniture giant will cut prices as inflation eases, the head of its holding company told AFP. The group unveiled last month plans to spend more than two billion euros ($2.2 billion) to expand in the United States, creating 2,000 jobs in its biggest investment in almost four decades in the country.. On Sunday, on the eve of a foreign investment conference organised by the French presidency, Ingka Group, the holding company, announced a 1.2-billion-euro spending plan in the country over the next years.

Mon, May 15, 2023 2 mins read

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Macron, Musk meet in Paris on investing in France

President Emmanuel Macron met billionaire businessman Elon Musk on Monday to discuss future investment projects, as the French leader hosts a conference aimed at persuading business leaders to put their money in France.. They met at the Elysee Palace before heading to Versailles for the latest edition of the president's Choose France conference where Macron seeks to drum up investment in the country.

Mon, May 15, 2023 2 mins read

Tech News

Macron, Musk meet in Paris to discuss investment projects

President Emmanuel Macron met billionaire businessman Elon Musk on Monday to discuss future investment projects, as the French leader hosts a conference aimed at persuading business leaders to put their money in France.. They met at the Elysee Palace before both head to Versailles for the latest edition of the president's Choose France conference where Macron seeks to drum up investment in the country.

Mon, May 15, 2023 1 mins read

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Stock markets jump with focus on US debt, elections

Major stock markets advanced Monday after President Joe Biden said he was "optimistic" about finding an agreement on averting a first-ever US default.. Stock markets in Europe and Asia kicked the week off with gains amid "growing hopes that the Democrats and Republicans will reach a deal to avert the disastrous scenario of a government default" in the world's biggest economy, noted Victoria Scholar, head of investment at Interactive Investor.

Mon, May 15, 2023 2 mins read

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Europe resists energy crunch, boosting growth forecast

Europe's economy rode out the energy price crisis triggered by Russia's war on Ukraine with better than expected economic growth, Brussels said Monday, as it boosted its forecast.. Europe's better than expected results have been explained by energy prices falling quickly from their peaks after big gas exporter Russia launched a war against EU candidate Ukraine.

Mon, May 15, 2023 2 mins read

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Vice Media files for bankruptcy protection

Vice Media, once the darling of the digital news media world, said Monday it had filed for Chapter 11 bankruptcy protection to facilitate its sale.. "To facilitate the sale, Vice has filed voluntary petitions for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York," it said in a statement.

Mon, May 15, 2023 2 mins read

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Asian markets struggle as focus turns to US debt talks

Asian markets mostly fell Monday as investors kept a wary eye on the talks to raise the US debt limit to avert a "catastrophic" default.. Deputy Treasury Secretary Wally Adeyemo told CNN on Sunday: "If Congress failed to raise the debt limit by the time of default, we would go into a recession and it'd be catastrophic.

Sun, May 14, 2023 3 mins read