Facebook has been draining users’ phone batteries without their consent according to an ex-employee who claims they were fired for refusing to comply with the practice. Facebook-parent Meta has been using “negative testing” for over five years, according to data scientist George Hayward, 33, who started working on the messenger app in October 2019. In …
© Reuters. FILE PHOTO: The GM logo in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook//File Photo (Reuters) – General Motors Co (NYSE:) and Lithium Americas (NYSE:) Corp on Tuesday announced they would jointly invest to develop the Thacker Pass mine in Nevada. Under the agreement, GM will make an equity investment of $650 million …
GM, Lithium Americas to develop Thacker Pass mine in Nevada By Reuters Read More »
Spotify’s losses ballooned last quarter after a hiring spree during the pandemic drove up costs at the music streaming pioneer. The fourth-quarter loss of €270mn was up from €39mn in the same period a year earlier, as the group’s operating costs climbed 44 per cent. Spotify’s chief executive Daniel Ek recently admitted that the company …
Spotify losses balloon after pandemic hiring binge Read More »
Almost a week after a feared short-seller put his company in its sights, Gautam Adani is just a few billion dollars away from losing his title as Asia’s richest person. As of Jan. 30, Adani, chairman of the Adani Group, is now the world’s 11th-richest man, with a fortune of $84.4 billion according to the …
Gautam Adani falls from the world’s top 10 richest after the Hindenburg Report Read More »
Binance Partners with Mastercard to Launch Prepaid Card in Brazil Binance announced the launch of the new prepaid card in Brazil. The exchange launches the card, partnering with the payment processing corporation Mastercard. Inc. The main focus of the launch is to broaden the connection between traditional finance and crypto. The well-established cryptocurrency exchange Binance, …
Binance Partners with Mastercard to Launch Prepaid Card in Brazil By CoinEdition Read More »
UBS enjoyed a 23 per cent rise in pre-tax profits in the final quarter as it benefited from clients switching from rival Credit Suisse. The Swiss bank on Tuesday reported $1.7bn of net profit in the final three months of 2022, comfortably ahead of analyst estimates of $1.3bn, bringing the group’s profit for the year …
UBS profits rise after Credit Suisse client defections Read More »
© Reuters. FILE PHOTO: People walk over the Millennium Bridge with the City of London financial district in the background, in London, Britain, January 13, 2023. REUTERS/Henry Nicholls/File Photo A look at the day ahead in European and global markets from Anshuman Daga An impressive 6% rally in global stocks this month, the first gain …
Global growth has proven “surprisingly resilient” and most countries will avoid a recession this year, the IMF said, as it upgraded its forecasts and hailed a possible turning point for the world economy. In estimates that took into account China’s decision to scrap its zero-Covid policy last month, the fund said it expected the global …
IMF raises growth forecasts as China reopens and gas prices fall Read More »
The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects the world economy to grow 2.9% this …
© Reuters. A view of the city skyline in Singapore December 31, 2020. REUTERS/Edgar Su/Files SINGAPORE (Reuters) – International Monetary Fund’s chief economist said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlook because slowing global growth will outweigh the positive impact from China’s economic reopening. Pierre-Olivier …
