EU may struggle to catch up with U.S., Asia in chips subsidies race
The European Union agreed a 43-billion-euro ($47 billion) chip subsidies plan on Tuesday but the relatively modest budget, lack of a domestic market for cutting-edge chips and
WhatsApp and other messaging apps oppose UK’s move on encryption
WhatsApp and other messaging services have united to oppose Britain’s plan to force tech companies to break end-to-end encryption in private messages in its proposed
Apple opens first India store as fans show off vintage devices, take selfies
About 300 people queued at Apple’s store in Mumbai on Tuesday, as fans took selfies with Chief Executive Tim Cook, who inaugurated the first retail store
Google wins appeal of $20 mln US patent verdict over Chrome technology
Alphabet’s Google LLC on Tuesday convinced a U.S. appeals court to cancel three anti-malware patents at the heart of a Texas jury’s $20 million infringement
HSBC top shareholder renews call for breaking up of bank
Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model
Microsoft developing its own AI chip – The Information
Microsoft Corp is developing its own artificial intelligence chip code-named “Athena” that will power the technology behind AI chatbots like ChatGPT, the Information reported on
More US consumers are falling behind on payments
Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks,
J&J issues cautious 2023 forecast, shares fall
Johnson & Johnson on Tuesday cautioned investors over the lingering impact of inflation-driven costs this year as the healthcare conglomerate issued a conservative full-year profit forecast,
BofA profit beats estimates as it cashes in on higher interest rates
Bank of America Corp’s first-quarter profit beat analysts’ estimates as it collected hefty interest payments from customers, while its bond traders had their best quarter in
Banking sector risks in the aftermath of climate change and environmental-related disasters
Climate change and environmental-related natural disasters are associated with massive human losses, physical damages, and economic and fiscal losses, all affecting countries’ ability to meet
