India rolls back privacy bill that alarmed big tech companies, works on new law

India rolls back privacy bill that alarmed big tech companies, works on new law

NEW DELHI, Aug 3 (Reuters) – India’s government on Wednesday withdrew a controversial data protection and privacy bill that was first proposed in 2019 and alarmed big tech companies such as Facebook and Google , announcing that he was working on a comprehensive new law. The 2019 law had proposed tough regulations on cross-border data … Read more

Bhutan mulls steps to avoid fallout from dwindling foreign exchange reserves – minister

Bhutan mulls steps to avoid fallout from dwindling foreign exchange reserves – minister

A girl checks her mobile phone as her mother prepares vegetables at the market in the capital Thimphu, Bhutan December 11, 2017. REUTERS/Cathal McNaughton/File Photo Join now for FREE unlimited access to Reuters.com Register KATHMANDU/NEW DELHI, July 28 (Reuters) – Bhutan is considering several measures to contain negative impacts on the economy from falling foreign … Read more

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

July 28 (Reuters) – Apple Inc. (AAPL.O) Thursday said parts shortages were easing and demand for iPhones was unrelenting despite other consumer spending tightening, helping it beat Wall Street expectations and forecast faster revenue growth. upcoming sales. Shares of the Silicon Valley giant rose 2.6% after hours following the earnings release. Apple said it was … Read more

Analysis: Why Spotify’s ‘Car Thing’ Was Destined for the Hardware Graveyard

Analysis: Why Spotify’s ‘Car Thing’ Was Destined for the Hardware Graveyard

LOS ANGELES/STOCKHOLM, July 27 (Reuters) – Spotify Technology SA (SPOT.N) The Car Thing drive is now a thing of the past. The world’s leading audio streaming service said on Wednesday it would discontinue the device just five months after it was made available to all users in the United States. Read more In doing so, … Read more

Wary buyers cloud outlook for tech and auto companies in Asia

Wary buyers cloud outlook for tech and auto companies in Asia

Samsung says demand for phone and PC chips set to weaken further Server customers can adjust inventory in recession -Samsung Toyota misses April-June production target GM’s operations in China lost $100 million in the second quarter due to restrictions July 28 (Reuters) – Asian tech firms from chipmaker Samsung to display panel maker LG Display … Read more

Samsung warns of weaker chip demand for phones and PCs as people buy less

Samsung warns of weaker chip demand for phones and PCs as people buy less

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea March 23, 2018. REUTERS/Kim Hong-Ji Join now for FREE unlimited access to Reuters.com Register Server customers may have to adjust inventory in recession – Samsung executive Aims for H2 foldable phone sales to overtake past flagship Dollar strength helped boost … Read more

Social media revenue growth set to slow as TikTok and Apple compete

Social media revenue growth set to slow as TikTok and Apple compete

July 21 (Reuters) – Wall Street braces for the slowest global revenue growth in the history of the social media industry as intensified competition from TikTok and Apple in advertising threatens to worsen economic difficulties in the second quarter. The grim expectations come after an explosion in 2021, when US social media ad sales rose … Read more

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

Analysis: Why Elon Musk’s fight with Twitter could draw closer scrutiny from the SEC

WASHINGTON, July 14 (Reuters) – Twitter Inc. (TWTR.N) battling with Elon Musk to enforce his $44 billion deal to buy the social media platform could draw the attention of the US securities regulator to whether Musk misled the market during of the agreement. Twitter on Tuesday asked a Delaware court to order the Tesla Inc … Read more

TSMC Sees Resilient Chip Sales Boost Q3; the electronics require cooling

TSMC Sees Resilient Chip Sales Boost Q3;  the electronics require cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters in Hsinchu, Taiwan January 19, 2021. REUTERS/Ann Wang Join now for FREE unlimited access to Reuters.com Register See third quarter revenue up to $19.8 billion – $20.6 billion from $14.88 billion year-over-year Confident in long-term chip demand Q2 profit of T$237.0 billion … Read more

Lebanon’s telecommunications mark-up threatens migrants’ link to jobs and security

Lebanon’s telecommunications mark-up threatens migrants’ link to jobs and security

BEIRUT, July 11 (Reuters) – Kenyan cleaner Noel Musanga has survived Lebanon’s economic collapse, waves of COVID-19 and the Beirut port explosion. But when her internet service provider announced that rates would double, she feared her last lifeline for her family and her job would be shattered. The self-employed migrant worker was already earning barely … Read more