Tech News

UK blocks Microsoft's $69-bn Activision takeover

Britain on Wednesday blocked Microsoft's $69-billion takeover of US video game giant Activision Blizzard, arguing it would harm competition in cloud gaming and leaving the blockbuster deal in peril.. Yet it argued on Wednesday that the video games market needed competition to thrive.

Republican hopeful DeSantis talks trade, N. Korea in Seoul

Florida Governor Ron DeSantis met South Korea's prime minister in Seoul on Wednesday to discuss trade and North Korea's nuclear weapons on the second stop of his four-country trip before a possible presidential run.. DeSantis then met Prime Minister Han Duck-soo for talks, during which the Florida governor "emphasized the importance of the history and alliance between" Seoul and Washington, Han's office said in a statement.

Why are the US and China fighting over chips?

The United States has moved to block China's access to the most advanced semiconductors and the equipment and talent needed to make them in recent months, citing national security.. The Dutch government followed suit in March this year, citing national security while imposing controls on foreign sales to prevent military use.

Fly me to the Moon: Firms lining up lunar landings

Japan's ispace on Wednesday became the latest company to try, and fail, at a historic bid to put a private lunar lander on the Moon.. It had been due to land on the lunar surface on Wednesday, but communications were lost after it began its descent and ispace later concluded it had likely crashed.

EU to revamp budget rules to spur growth

The EU will unveil an overhaul of its fiscal rules on Wednesday, a long-awaited reform that has bitterly divided member states over how to encourage investment while strengthening scrutiny of government spending.. EU member states' debts have since rocketed, and the only thing every country agrees on is the need to reform the pact.

Asian stocks off to shaky start after rout on Wall Street

Asian stocks were off to a shaky start on Wednesday following plunges on Wall Street fuelled by concerns for the banking sector and broader fears of recession.. Shares of First Republic plunged 49 percent, pressuring other regional banks that have been seen as vulnerable.

'Impossible to keep track': Spain's gamble on green hydrogen

Major green energy projects are sprouting up across Spain as it seeks to position itself as a future green energy leader -- but experts have urged caution over costs and demand uncertainty.. - 'Long-term race' - A major drawback for green hydrogen, however, has been the high cost of producing it. 

'Infernal': Fuel crisis driving Cubans round the bend

The streets of Havana are quieter than usual -- many of the rattling old cars the city is known for stand idle amid Cuba's worst fuel shortage in years.. For now, many of Cuba's 600,000-odd cars -- for a population of 11.1 million people -- are not going anywhere.

EU to unveil reforms for cheaper drugs

The EU on Wednesday is to unveil a long-awaited proposed reform of legislation governing pharmaceutical drugs to make them cheaper, prevent shortages and speed up delivery of new compounds.. That is the prerogative of national governments who negotiate with pharmaceutical groups.

Drought threatens Panama Canal shipping traffic

Drought has forced Panama's authorities to reduce shipping traffic in the canal that links the Atlantic and Pacific as a water supply crisis threatens the future of this crucial waterway.. "This Lake Alhajuela has less water every day," Leidin Guevara, 43, who fishes in the lake, told AFP.  The Panamanian Canal Authority (ACP) has limited the largest ships passing through the canal for the fifth time during this drought season.