News
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Asian chipmakers plunge after US unveils China export controls
New US measures will limit China's access to high-end semiconductors with military uses
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Green future is cause for worry in South Africa's coal belt
Coal is a bedrock of South Africa's economy, employing almost 100,000 people and accounting for 80 percent of electricity production. But the sector's future is uncertain, as Africa's most industrialised economy looks to wean itself off the carbon-emitting fuel in line with global efforts to tackle climate change
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Netflix to debut subscription with ads
The new "Basic with Ads" subscriptions will be priced at $6.99 in the United States—three dollars less than a no-ads basic option, Netflix chief operating officer Greg Peters said in a briefing
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Brazil judge fines Apple $20 million over chargerless iPhones
The decision, which can be appealed, came after Brazil's justice ministry slapped a separate fine of nearly $2.5 million on Apple in September over the same issue and barred the US tech giant from selling its iPhone 12 and 13 models without chargers
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Meta working to speed up metaverse, but success far from certain
Analysts say Facebook and Instagram's parent company has toned down the hype a bit as it struggles to reach its goal of creating an interactive virtual world that it sees as the next phase of online activity
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Neeraj Chopra wins CNN-News18's Indian of the Year award
Ranveer Singh, Sania Mirza, Sonu Sood and Yogi Adityanath, among others who were honoured
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Microsoft avoids paying tax in many countries: study
In many cases, Microsoft has paid zero tax in recent years by moving profits to companies tax-domiciled in Bermuda and other well-known tax havens while it continues to receive taxpayer money
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Google allows Donald Trump's Truth Social in Play Store
The app—which Trump launched after being barred from Twitter—had been kept out of Google's store over its lack of moderation tools, including for violent threats. Google said Truth Social has since been updated to comply with its policies barring objectionable posts, and has built in effective systems for reporting and removing unwanted content as well as blocking abusers
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Bank of England struggles to calm markets after latest intervention
This week's actions are a fresh bid to soothe the bond markets in particular, as state borrowing—and its costs—soar following UK finance minister Kwasi Kwarteng's debt-fuelled mini-budget last month. The poor market response to it saw UK bond yields spike and the pound tumble to a record low against the dollar, prompting the BoE to step in over recent weeks vowing to protect the nation's financial stability
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US labour officials propose redefining when gig workers are employees
The move by President Joe Biden's Labor Department would lower a bar set by his predecessor regarding when someone is considered an employee instead of a contract worker. It also comes as "gig economy" companies from rideshare platforms to food delivery services strive to maintain the status quo
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UN urges 'complete transformation' of global energy system to fight climate change
Not only is the energy sector a major source of the carbon emissions that drive climate change, it is also increasingly vulnerable to the shifts that come with a heating planet, the UN's World Meteorological Organization stressed