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Tag: United States

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Truce: US, EU pause trade war until 2025

The European Union and the United States have agreed to put their trade war on hold, postponing tariffs on steel and aluminium for over three years.   These tariffs, which were first imposed by the Trump administration for national security reasons, have strained the relationship between the two economic giants.   The move to suspend […]

White House leads TikTok acquisition deal
News Tech

US Judge halts TikTok ban in Montana

A U.S. judge on Thursday declared that Montana’s first-ever state ban on the use of the short-video sharing app TikTok violated users’ right to free speech and prevented it from going into effect on January 1. A preliminary injunction was ordered by U.S. District Judge Donald Molloy to prevent the state from banning the Chinese-owned […]

US invests $244m in 18,000 Nigerian businesses
Business featured

US invests $244m in 18,000 Nigerian businesses

The United States has provided assistance to 18,000 Nigerian small enterprises in order to promote economic development and entrepreneurship. According to The Punch, the project would bring in a new era of growth and opportunity for local businesses with an investment of $244 million. The US government on October 10, through the US Agency for International […]

Netflix unveils first use of generative AI in original series
News Tech

Netflix hikes streaming plans in US, UK, France

Netflix on Wednesday, increased the cost of certain of its streaming plans in the US, the UK, and France. Overcoming the 6 million median predictions of Wall Street experts LSEG surveyed, the company added roughly 9 million new subscribers globally. Netflix attributed the gains to its campaign against password sharing and a consistent stream of […]

TikTok launches feature for quality sleep amid lawsuits
News Tech

TikTok launches e-commerce platform in US

TikTok has launched its e-commerce operation in the United States after months of testing, according to a blog post on Tuesday. This is because its Chinese owner ByteDance aims to cash in on the success of the social media app. Through a number of features on its main app, TikTok is introducing online shopping in […]

Top executives from American and Vietnamese companies in the semiconductor, technology, and aviation sectors gathered on Monday, as part of U.S. President Joe Biden's visit to Hanoi, Vietnam.
News Tech

Biden meets top tech executives in Vietnam

Top executives from American and Vietnamese companies in the semiconductor, technology, and aviation sectors gathered on Monday, as part of U.S. President Joe Biden’s visit to Hanoi, Vietnam. According to the meeting agenda, senior executives from Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing attended the Vietnam-U.S. Innovation & Investment Summit. Executives from half a dozen […]

North Korean hackers intending to liquidate millions in stolen crypto, FBI warns
News Tech

North Korean hackers to liquidate millions in stolen crypto, FBI warns

U.S authorities have disclosed that North Korean hackers are allegedly getting ready to cash out millions of dollars through a string of high-profile cryptocurrency breaches. The Lazarus Group, also known as APT38 and “TraderTraitor,” which is supported by North Korea, stole hundreds of millions of dollars’ worth of cryptocurrencies in recent blockchain activity, the FBI […]

US DOJ probes Visa over antitrust issues
News Tech

US DOJ probes Visa over antitrust issues

The U.S. Department of Justice has opened a new investigation that Visa is charging retailers more for not adopting the payment company’s own tokenization technology, Bloomberg News reported on Wednesday. Early in 2021, the DOJ launched an antitrust investigation into Visa to see whether it engages in anticompetitive behaviour in the debit card market. According […]

Singapore grants Coinbase payments license
Crypto

Coinbase receives nod to trade crypto in U.S

A prominent player in the cryptocurrency space, Coinbase, has received a significant nod from regulators, a move that has propelled its shares up by 5% in premarket trading. The approval, granted by the National Futures Association, marks a pivotal moment for Coinbase, underscoring its unwavering dedication to maintaining a business that adheres to regulatory standards. […]

White House unveils AI policy for US global dominance
News Tech

US unveils million-dollar competition to tackle cyberattacks

The White House announced on Wednesday that it had started a multi-million dollar cyber competition to encourage the use of artificial intelligence to detect and fix security holes in the infrastructure of the United States government. This is in response to hackers’ increasing use of technology for nefarious ends. “Cybersecurity is a race between offense […]

Global stock markets find balance amid European equities
News

Global stock markets find balance amid European equities

Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns about a proposed bank profit tax. Meanwhile, the dollar experienced a slight decline as new economic data highlighted shifts in the Chinese economy. As Wall Street opened to mixed sentiments, the Nasdaq and […]

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