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June 12, 2021
The Senate on Tuesday approved a bipartisan, $250 billion bill boosting government spending on technology research and development amid rising competition from China and other nations.
June 9, 2021
A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles A G7 Deal on a Global Minimum Tax for Companies Faces Hurdles Many governments are likely to wait and see what others, especially a divided U.S. Congress, will do to put the deal into effect published : 8 Jun 2021 at 04:00 G7 finance ministers attend the first day of the meeting at Lancaster House in London on Friday. Pool/AFP An agreement by wealthy countri...
June 7, 2021
In 2015, Elon Musk said self-driving cars that could drive "anywhere" would be here within two or three years.
June 5, 2021
The killing of George Floyd in police custody a year ago and the subsequent protests prompted pledges from U.S. business leaders: They would fight racism and work to recruit and promote Black and other minority employees.
May 29, 2021
Amazon.com Inc. said it has agreed to acquire the Hollywood studio MGM in a deal that the e-commerce company is betting can jump-start its Prime Video streaming platform and position it to compete with industry heavyweights including Netflix Inc. and Walt Disney Co.
May 27, 2021
Chinese Shoppers, Stuck in China, Revive Local Malls Chinese Shoppers, Stuck in China, Revive Local Malls With travel restrictions keeping people at home, many are spending at local shops with cash they might otherwise have dropped abroad published : 27 May 2021 at 04:00 Dont tell Chinese consumers that the shopping mall is in decline. While shoppers on the mainland like to browse for items online, during the pandemic many said they rediscovered...
May 27, 2021
According to materials found by IPVM, Hikvision, whose surveillance cameras are seen in front of a Chinese flag at a main shopping area in Shanghai, sold equipment to the Chinese air force in 2019. (Photo: Reuters) The worlds largest maker of surveillance equipment has long-established links to Chinas military, including conducting a study with Chinese weapons experts and supplying cameras and drones to the countrys air force, according to a report by a surveillance-i...
May 25, 2021
Amazons disruptive streak hasnt yet extended to the grocery aisles. Supermarkets should still be on their toes. It has been 14 years since Amazon began its grocery-delivery service, Amazon Fresh, and about four years since the company bought Whole Foods. Yet Amazons total grocery market share is still underwhelming. For the year ended March 31, Amazon.com and Whole Foods had 1.4% and 1.2% of the grocery spending in the U.S., respectively, according to data from Numerator. Industry stalwarts Wal...
May 24, 2021
Elon Musk raised the prospect of Russian-made Tesla Inc. cars, saying the company was considering opening a factory in the country as it looks to expand its production facilities globally. In a 45-minute appearance via video link at a Kremlin-supported educational forum, Mr. Musk, Teslas chief executive, said the company was looking at opening production facilities outside of the U.S. and China where it already has sites. "I think we are close to establishing a Tesla presence in Russia, that wo...
May 21, 2021
Microsoft Plans to Pull the Plug on Internet Explorer Microsoft Plans to Pull the Plug on Internet Explorer Software giants web browser to join other early internet mainstays like AOL Instant Messenger on the digital scrap heap published : 21 May 2021 at 04:00 2 Microsoft Corp. plans to largely retire its Internet Explorer browser, adding to the digital scrap heap a product once at the center of one of the tech industrys biggest battles. The sof...