China’s biggest chipmaker and a major iPhone supplier cut their outlooks for the second quarter. China’s biggest chipmaker and a major iPhone supplier cut their outlooks for the second quarter, joining a growing list of manufacturers warning about the fallout from lockdowns aimed at containing the country’s worst Covid outbreak in two years. Semiconductor Manufacturing […]
Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty ImagesNews | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. The […]
The price of gasoline in the US hit an all-time high on Tuesday as the national average spiked $0.17/gallon from last week to $4.37/gallontopping the previous all-time high set March 8. The European Union’s discussion of pulling back from buying Russian oil has sent additional shock waves through an already strained oil market, with the […]
Hong Kong CNN Business — Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no automaker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data from […]
New rules requiring virtual private networks (VPN) to maintain logs of user activity and hand them over to law enforcement agencies have become contentious. The country’s top cyber policing body, Indian Computer Emergency Response Team (CERT-In), is in its rights to seek investigative powers over VPNs, the conduit for a big chunk of security attacks. […]
Last week, the Federal Trade Commission (FTC) and the District Attorneys of Los Angeles County and Riverside County agreed to an order to settle claims against Frontier Communications Intermediate, LLC and its parent company, Frontier Communications Parent, Inc. (collectively, Frontier). The plaintiffs alleged that Frontier promised internet speeds that Frontier did not deliver. The order, […]