The EU Commission on Wednesday designated 22 services of six major tech companies as 'gatekeepers' of online services providing messaging to video sharing in its latest crackdown on Big Tech. The firms are Alphabet, Amazon, Apple, Meta, Microsoft and TikTok owner ByteDance. A list of dos and don'ts set out in the European Union's Digital Markets Act (DMA) will force the sector to radically reshape its core business practices, a move which may encourage similar steps in other countries.
13 hours ago -- The US is working to establish the full details of Huawei Technologies Co.’s advances in chip technology, news of which has stoked Chinese nationalism and ignited speculation about the effectiveness of Washington’s curbs on the country’s vast technology sector.Most Read from BloombergChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.
One America News Network and one of its star personalities, Chanel Rion, have settled a defamation lawsuit brought by a Dominion Voting Systems executive over false claims that he was involved in rigging the 2020 presidential election. Eric Coomer, who was director of product strategy and security for the company, named One America and Rion …
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Big Tech preparing for EU's Digital Markets ActApple (AAPL), Google (GOOG, GOOGL), Amazon (AMZN), Meta (META), Microsoft (MSFT), and Samsung (005930.KS), are some of the companies that are known targets of the European Union’s Digital Markets Act, which would make these Big Tech companies comply to certain rules. Yahoo Finance Legal Reporter Alexis Keenan breaks down the law and the criteria that make a company subject to it.
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European Commission has proposed permanent scheme for joint gas purchasesThe temporary scheme was due to expire in December, but the European Commission has proposed making it permanent as part of a broader revamp of EU gas market rules
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Spending in tech, designer brands hasn't slowed: Market technicianThere are a lot of concerns about a slowdown in consumer spending, particularly on big-ticket items. However, customers are still spending on technology and designer brands, says TheoTrade Chief Market Technician Jeff Bierman. Bierman says of companies like Abercrombie & Fitch (ANF) and Lululemon Atheletica (LULU) that 'people continue to spend' on their products 'regardless of the actual rate hikes that have occurred.' However, Bierman warns that there could be a 'corrective mode' if 'we cannot maintain jobs at a certain high level,' given that savings have been depleted.
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Huawei’s Marquee Phone Launch Spurs Hunt for China Tech WinnersThe low-profile yet surprising release of a new phone by Huawei Technologies Co. last week has sparked a hunt for potential beneficiaries, on the bet it represents a jump forward in China’s domestic chipmaking.
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China's Leapmotor looks to sell EV tech as it targets export growthMUNICH (Reuters) - China's Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners ...
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Stakeholders stress urgency of workforce issues at tech conference - constructconnect.comSenior Ontario construction stakeholders at a recent construction tech conference called for major systemic reforms to the worker recruitment pipeline as the need for them becomes ever more urgent. The workforce theme overshadowed technology discussions
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