Monday, 10 May 2021

Business

Acer sees global chip shortage gradually easing

TAIPEI – A global shortage of chips for mid-end consumer products is starting to ease and will be much better come the second half of the year, a senior executive at Taiwan’s Acer Inc, the world’s No. 5 PC vendor by shipments, said on Tuesday. From delayed car deliveries to ...

Read More »

Nike wins halt to sales of Lil Nas X ‘Satan Shoes’

copyright – MSCHF NEW YORK – A federal judge sided with Nike Inc in ordering a Brooklyn company to temporarily stop further sales of “Satan Shoes” it produced in collaboration with the rapper Lil Nas X. U.S. District Judge Eric Komitee in Brooklyn ruled three days after Nike sued MSCHF ...

Read More »

Boeing 777s grounded around the world

© ASSOCIATED PRESS  (Hayden Smith via AP) NEW YORK – Boeing 777s have been grounded around the world after the US aviation regulator announced an investigation into the United Airlines flight that suffered an engine failure on Saturday, showering debris over homes in Denver. The aircraft’s manufacturer recommended the grounding ...

Read More »

Visa moves to allow payment settlements using cryptocurrency

LONDON – Visa Inc said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto platform Crypto.com and plans ...

Read More »

New York Times columnist sells digital article for $563,000

LONDON – A New York Times columnist has sold one of his articles in digital form for $563,000, the latest example of the craze surrounding “non fungible tokens,” which collectors are snapping up. Keven Roose’s article entitled “Buy This Column on the Blockchain” was itself aimed at trying to test ...

Read More »

Pakistan strikes $1.3 billion development deal with World Bank

Pakistan has reached an agreement with World Bank to work on seven projects worth $1.3 billion aimed at improving social protection, infrastructure, and governance, a statement from the Ministry of Economic Affairs said Friday. Minister for Economic Affairs, Makhdum Khusro Bakhtyar witnessed the signing ceremony of seven project agreements at ...

Read More »

Facebook sets reopening for Silicon Valley campuses

SAN FRANCISCO – Facebook said its Silicon Valley offices will begin reopening to workers in May after a yearlong pandemic shutdown, but without perks such as free food and commuter shuttles. The Menlo Park headquarters and other locations in the region will start with 10 percent of “maximum seated capacity,” ...

Read More »

Pfizer, BioNTech launch vaccine trial in kids under 12

NEW YORK – Pfizer Inc and German partner BioNTech SE began testing their Covid-19 vaccine in children under 12, with hopes of expanding vaccination to that age range by early 2022, the US drugmaker said on Thursday. The first volunteers in the early-stage trial were given their first injections on ...

Read More »