Tech News

French food delivery gig workers to get minimum wage

Major food delivery platforms on Thursday agreed a minimum hourly wage with representatives of French riders, the workers' FNAE union said.. "This is an immediate win for delivery riders, of whom around 20 percent were below the threshold" of 11.75, FNAE president Gregoire Leclercq said.

EU parliament approves world's most sweeping cryptocurrency rules

The European Parliament approved the world's first comprehensive rules to regulate the "Wild West" world of cryptocurrencies on Thursday, hoping to protect investors against abuse and manipulation.. The regulations "mark the end of the Wild West era for the unregulated world of cryptoassets", Ernest Urtasun, one of the EU lawmakers spearheading the legislation through parliament, said during the debate.

Snapchat seeks path to profit without losing its way

Snapchat parent Snap on Wednesday unveiled new tactics including the increased use of artificial intelligence in its struggle to expand beyond the app's loyal user base and reach profitability.. But unlike Meta, with its "family" of apps including Facebook, Instagram and WhatsApp, Snap has never made enough money from advertising to turn an annual profit.

Asian markets swing as inflation, rates worry investors

Asian markets fluctuated Thursday following a tepid performance in New York and Europe as traders fret over the inflation outlook and central bank plans to hike interest rates to tame rampant prices.. Markets have in recent days been optimistic that central banks, and particularly the Fed, will be able to wind down their rate hiking drive soon after data showed inflation coming down, even if at a slower pace than wanted.

SpaceX to make second bid to launch Starship on test flight

SpaceX is to make a second attempt on Thursday to carry out the first test flight of Starship, the most powerful rocket ever built, designed to send astronauts to the Moon, Mars and beyond.. It generates 17 million pounds of thrust, more than twice that of the Saturn V rockets used to send Apollo astronauts to the Moon.

US imposes $300mn penalty on Seagate over Huawei shipments

US authorities on Wednesday imposed a $300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei Technologies, the Commerce Department said.. According to the bureau's investigation, Seagate was involved in the shipment of more than 7.4 million hard disk drives without authorization. bys/tjj

Tesla profits fall on vehicle price cuts sending shares down

Tesla reported a drop in first-quarter earnings Wednesday as price cuts at Elon Musk's electric vehicle company boosted demand but hit profit margins.. The company said its profit margins had been trimmed at "a manageable rate," as it pointed to a "unique opportunity for Tesla" while signaling more price cuts ahead.