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EU parliamentarians want Amazon lobbyists out of the Parliament building
Feb 06,2024
Members of the European Parliament's employment committee are urging the revocation of Amazon's lobbyists' access badges to the European Parliament building until the tech giant engages in genuine dialogue with the institution. The letter, seen by Eu...
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Snap to cut 10% of workforce, including content moderation
Feb 06,2024
Snap Inc, the parent company of Snapchat, has announced that it will lay off 10% of its workforce, joining the recent wave of job cuts in the tech industry. The decision was disclosed in a regulatory filing, revealing that approximately 10% of Snap's...
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France becomes first EU country to launch India's UPI Payment System
Feb 05,2024
France has become the first European country to adopt India's Unified Payments Interface (UPI) service. The launch of UPI took place at the Eiffel Tower in Paris, France. The National Payments Corporation of India (NPCI) has partnered with Lyra, a Fr...
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AMD's rise: From struggling chipmaker to a formidable competitor in AI semiconductors
Feb 01,2024
Advanced Micro Devices (AMD) expects to sell MI 300s worth$3.5 billion this year, according to its recent quarterly earnings call. The company's strong performance and market potential are evident, with revenues of$23 billion in 2023, four times high...
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TikTok acquires controlling stake in Tokopedia and re-enters Indonesia's e-commerce market
Feb 01,2024
As reported by Reuters, TikTok has successfully completed its acquisition of a controlling stake in Tokopedia, Indonesia's largest e-commerce platform. The deal, valued at$840 million, allows the social media giant to re-enter the online shopping mar...
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India reduces import duty on mobile parts
Feb 01,2024
India has reduced the import duty on various components used in mobile phone manufacturing. This includes battery covers, main camera lenses, back covers, plastic and metal mechanical items, GSM antennas, and others. The import duty has been reduced ...
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South Korea's exports show moderate growth, led by semiconductor industry
Feb 01,2024
South Korea's holiday-adjusted exports experienced a growth of 5.7% in January, indicating strong demand for the country's leading products. The primary driver of the export rebound was the semiconductor industry, with semiconductor exports soaring b...
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French data watchdog fines Amazon for excessive surveillance of workers
Jan 23,2024
Amazon has been fined E32m ($34.5m) by the French data protection authority (CNIL) for engaging in "excessive" surveillance of its workers, with measures that were deemed illegal. The investigation was launched after complaints from employees and med...
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Is US export controls on semiconductors to China ineffective and counterproductive?
Jan 22,2024
The US Department of Commerce has implemented stricter restrictions on the sale of American semiconductors to China. However, Nvidia, the world's leading chipmaker, has responded by developing a new AI chip slightly below the threshold of these restr...
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UN head warns against Big Tech putting profit from AI above all else | World Economic Forum 2024
Jan 19,2024
The head of the UN, Ant
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India partners with Google Pay to expand reach of Unified Payment Interface
Jan 18,2024
India's National Payments Corporation of India (NPCI) announced in a press release on 17th January that it has entered into a partnership with Google Pay to expand the Unified Payments Interface (UPI) globally. Currently, UPI is widely regarded as on...
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South Korea to boost semiconductor industry with tax credit benefits
Jan 15,2024
South Korean President Yoon Suk Yeol has unveiled a substantial plan to extend tax benefits for investments in the nation's semiconductor industry, aiming to stimulate employment and attract top talent. With major players like Samsung Electronics and...
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