Tech News

US authorities probe Goldman Sachs over Silicon Valley Bank collapse

US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.. Goldman has been criticized over its multiple roles with SVB, in which it was both advising the California bank and purchasing distressed debt in a deal that ultimately played a central role in SVB's collapse.

Rising iPhone sales help Apple beat forecasts

Apple on Thursday said iPhone sales and money made from services powered quarterly earnings that beat forecasts, despite inflation pressure and the slowing global economy. . Even though iPhones have been the heart of Apple's money-making machine, the company has made a priority of bringing in more revenue from content and services sold to users of its devices.

BuzzFeed, Vice woes signal crisis in digital-only media

With the closure of BuzzFeed News and bankruptcy looming at Vice, the once promising world of free digital media finds itself at a crossroads, seeing ad revenues dry up at the same time as disappointed investors begin walking away.. But in tough economic times, advertising is one of the first things to go, and tech giants now account for 70 percent of all digital ad revenues, with Google and Facebook leading the way.

Baby animals join Mandela on environment-themed S.African banknotes

Lion cubs, rhino calves and other baby animals joined Nelson Mandela on new ecology-themed banknotes unveiled by South Africa's central bank on Thursday.. On the back of the notes are drawings of the "Big Five" game animals -- elephant, rhino, lion, leopard and buffalo -- depicted with their cubs and calves.

Leftist US senator pushes for $17 minimum wage

Leftist US senator Bernie Sanders introduced a bill Thursday to raise the minimum wage to $17 an hour, reigniting the battle for better federal pay standards as workers see pandemic-era gains erased by runaway inflation.. Some 35 million US workers still earn less than $17 an hour, Sanders said.

Nestle faces mineral water problems in drought-hit France

Global food and beverage giant Nestle said Thursday that it would stop extracting from two mineral water wells in eastern France due to drought and increasingly unpredictable weather conditions.. The group's mineral water subsidiary, Nestle Waters, which owns brands such as Vittel and Perrier, said it had suspended operations at two wells used to produce its Hepar water in the Vosges region of eastern France. 

Niger uranium mine set to operate until 2040

The government of Niger and French nuclear firm Orano on Thursday signed a deal to  extend the operational life of the country's sole uranium mine.. Orano is the restructured successor to the state-owned Areva, which began uranium mining in the former French colony around 50 years ago, extracting raw material intended mainly for France's nuclear industry.