The European Union launched an investigation into China’s procurement of medical devices on Wednesday in a latest effort to protect home-grown manufacturers.
Taiwan’s Foxconn, the world’s largest contract electronics maker and the biggest assembler of Apple’s iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of April. Foxconn said in a statement that this year’s second quarter “remains a traditional off-peak season, and major products are entering a period of transition between old and new products”.
Creditors have reached an agreement that could rescue tech firm Atos , which secures communications for the French army and is set to manage cybersecurity for this summer’s Paris Olympic Games, La Tribune newspaper reported on Saturday.
Alexander Vinnik, a Russian suspected cybercrime kingpin who was arrested in Greece in 2017, convicted of money laundering in France three years later and is now awaiting trial in California, has pleaded partially guilty, TASS news agency cited his lawyer as saying on Saturday.
Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday.
Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year.
President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise workers and requiring them to bargain with those workers’ unions.
Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoning, six sources told Reuters, in what would be a leap forward for the technology.
Short-form video took center stage at tech and social media companies’ annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok’s political uncertainty in the U.S. to take ad dollars from their rival.
