Thursday’s megacap tech selloff is likely just some froth coming off a hot market rather than a portent of a larger pullback to come.
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China is planning a sweeping set of new government policies to develop its domestic semiconductor industry, conferring the same kind of priority on the effort it accorded to building its atomic capability.
India has banned another set of 118 apps from China’s technology giants, including Tencent’s wildly popular game PUBG Mobile Lite and online payments platform Alipay, as tensions escalated between the countries.
A group representing major Internet companies has urged a US regulator to reject a Trump administration bid to narrow the ability of social media companies to remove objectionable content.
Analysts raised price targets for Zoom Video Communications on Tuesday as its shares hit a record high, while warning that a return to office work could hamper its success.
In just a few hours, Zoom Video Communications CEO Eric Yuan got $4.2-billion richer after shares of his virtual-meeting company surged as much as 26% to $410 in late US trading.
Facebook on Tuesday told users it can take down or block any content that could increase regulatory or legal risks for the social media giant around the world – even if the content itself isn’t illegal.
Nigeria’s central bank said it will grant more licences for payment service banks but set a minimum capital base that could deter telecommunications firms and some other potential new entrants.
South Korean prosecutors have indicted Samsung Group leader Jay Y Lee on charges including manipulating stock prices and breach of trust in order to cement control of the group.
Companies routinely set targets for reducing their greenhouse gas emissions. But a new kind of environmental target is emerging that has been likened to paying reparations to victims of past injustice.