Tesla Inc. announced to suspend production at its Shanghai factory until Thursday after the financial hub imposed tighter COVID-19 restrictions. The leading automaker initially attempted to create a closed-loop to continue its outputs. However, the
Meituan delivered upbeat fiscal fourth-quarter earnings, overturning the impact of the current wave of Covid-19 infections in China. The online food delivery platform posted revenue of $7.78 billion in the final three months of 2021.
On Thursday, the European Union announced new antitrust legislation to balance competition on the internet platform, mainly targeting the US Big Tech. The Digital Markets Act (DMA) aims to rein in the power of the
On Thursday, Alphabet-owned Google announced to halt advertisements that exploit, dismiss, or condone the ongoing crisis between Russia and Ukraine. The American internet giant emphasized that it will not help websites, apps, and YouTube channels
On Wednesday, Nvidia Corporation unveiled EOS, a massive supercomputer set to debut in the United States in a few months. The American multinational technology company named the high-level desktop to the Greek goddess of the
On late Monday, a Russian court ruled to label Meta Platforms as an extremist organization. This decision will ban Instagram and Facebook in the country, but will not affect WhatsApp. The American technology giant did
On Monday, Australia’s media regulator required US big tech companies to provide internal data on handling misinformation and disinformation. This move is the latest measure of the country to crack down on internet giants. It
On Friday, Australia sued Meta Platforms over scam advertisements on Facebook that falsely include prominent figures. Accordingly, the country’s consumer protection agency stated that the adverts endorsed investment in cryptocurrency or money-making schemes. The fraud
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