Tech News

European summit to spur wind energy production in North Sea

Nine European countries are holding a summit Monday aimed at scaling up wind power generation in the North Sea, spurred by the fall-out of the Ukraine war and the push for renewables.. Dozens of bosses of energy and wind turbine companies are also participating in the summit, to suggest ways the governments can boost their countries' North Sea energy production.

Asian stocks mixed ahead of tech earnings results

Asian stocks were mixed on Monday following a muted finish on Wall Street last week, with investors holding their breath ahead of key earnings results from US tech behemoths.. Wall Street ended slightly up on Friday after a relatively calm week as a wait-and-see mood took hold of markets ahead of earnings data from the likes of Amazon, Microsoft, Google parent Alphabet and Facebook owner Meta.

After settlement, new challenge for Fox News: A disinformation expert

Among the challenges still facing Fox News after its jaw-dropping settlement of a defamation case is a lawsuit planned by a high-profile disinformation expert, who is crowdfunding her way to court after a firestorm of harassment and abuse.. The settlement meant that neither Fox Corporation chairman Rupert Murdoch nor high-profile hosts such as Tucker Carlson will have to testify in what was expected to be an explosive trial.

Giant SpaceX rocket leaves crater, serious damage at Texas base

Flying chunks of concrete, twisted metal sheets, craters blasted deep into the ground: the thunderous power of SpaceX's first test flight of Starship -- the biggest and most powerful rocket ever built -- inflicted serious damage on its Texas launch site.. Photos of the launch site show the gigantic launch tower still standing while the rocket mount, which supports Starship before liftoff, damaged but still intact.

US retailer Bed Bath & Beyond files for bankruptcy

Bed Bath & Beyond filed for bankruptcy Sunday, cementing a years-long decline that saw losses surpass a billion dollars annually as the US retailer struggled to adapt to an uncertain economy and the dominance of online shopping. . While competitors like Amazon and Target invested heavily in improving the online shopping experience in recent years, Bed Bath & Beyond labored at "evolving" its business and adapting, Richard McMahon, a former executive at the company who departed in 2015, told the New York Times.

Twitter reinstates blue ticks for some media, celebrities

Twitter's blue ticks were reinstated on some media, celebrity, and other high profile accounts Saturday -- a move protested by many of the recipients.. The accounts of some dead celebrities, such as US chef Anthony Bourdain, also received a blue tick.

Manufacturers hope for AI boost in factories

Manufacturers are hoping for the artificial intelligence revolution to reach their factories, envisaging robots being used to repair complex machinery. . In order to solve a technical problem, "factory workers no longer need to get a qualified expert on site: the artificial intelligence takes charge" of guiding the repairs, said Thomas Meier, a data analyst from HPE who was presenting the prototype. 

Signs of hope for China property market, but boom is over: analysts

Pummelled by a housing crisis that caused a record-breaking slump last year, some Chinese property developers are starting to see light at the end of the tunnel, but analysts warn the sector is still on course to slow down in the long term.. "This is a strong signal that the sector's long-awaited recovery is finally taking root," Shehzad Qazi, managing director of China Beige Book, a consultancy firm which tracks the Chinese economy, told AFP. "We may see a rebound for the next few months, but then on the longer term basis, the next year or the following year, I don't see we will see a big rebound further," said John Lam, who monitors the Chinese property market for UBS bank.

Investors hope for answers in Credit Suisse, UBS results

When Credit Suisse's unveils what are likely its final quarterly results Monday, investors will be seeking clues to the magnitude of the challenges awaiting UBS, after it was strongarmed into taking over its stricken rival.. Monday's quarterly report will likely be Credit Suisse's last one, depending on how quickly the UBS deal closes, Vontobel analyst Andreas Venditti said in a research note.