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Amazon Challenges Temu and Shein with Discount Storefront ‘Haul’
Amazon is entering the ultra-low-price market with its latest storefront, Amazon Haul, aiming to capture deal-savvy customers who have flocked to popular platforms like Temu and Shein. Accessible exclusively via…
EU Publishes First Draft Code of Practice for General-Purpose AI Mode
The European Union has taken a significant step toward regulating artificial intelligence with the publication of a draft Code of Practice. This initial version targets providers of general-purpose AI models,…
Ethereum ETFs Experience Net Positive Flows with Significant Contributions from BlackRock
The total investments into United States-based spot Ether exchange-traded funds (ETFs) have shifted to a net positive, largely propelled by substantial inflows into BlackRock’s fund. This marks a significant milestone…
China Closing the Tech Gap with the West Says Microsoft President
Microsoft’s President and Vice-Chairman, Brad Smith, cautioned against assumptions that China lags behind the U.S. and Europe in tech advancements, suggesting that China is narrowing the gap with the West.…
EU Regulator Issues Restrictive Measure Guidelines for Crypto Providers
The European Banking Authority (EBA), Europe’s key regulatory body overseeing the banking sector, has released two sets of guidelines aimed at improving compliance with the European Union’s restrictive measures, particularly…
Google to End Political Ads in the EU
Google plans to stop serving political ads in the European Union next year, citing concerns over new regulations aimed at enhancing transparency. This move follows similar actions in France, Canada,…
EDX Markets Sees $36 Billion Trading Volume Surge in 2024
Crypto exchange EDX Markets has reported impressive trading activity in 2024, with over $36 billion in volume generated since January from institutional clients. The exchange has experienced significant growth, particularly…
Ford Faces $165 Million Penalty Over Delayed Rearview Camera Recall
Ford Motor Company has agreed to pay up to $165 million in penalties after the National Highway Traffic Safety Administration (NHTSA) found the automaker failed to promptly address a recall…
AMD Cuts Workforce by 4 Percent as Competition in AI Chip Market Heats Up
AMD is set to reduce its workforce by 4%, translating to approximately 1,000 employees, as part of a strategic move to strengthen its position in the artificial intelligence (AI) chip…
Trump Nominates RFK Jr., a Vocal Anti-Vaccine Advocate, as Secretary of Health and Human Services
President-elect Donald Trump has nominated Robert F. Kennedy Jr., an anti-vaccine activist and former 2024 presidential candidate, to lead the Department of Health and Human Services (HHS). Kennedy, who endorsed…
TikTok Adds Lemon8 Integration Amid U.S. Ban Threat
TikTok users can now directly access ByteDance’s latest social media app, Lemon8, using their TikTok login, enabling seamless cross-sharing between the two platforms. Announced on Tuesday, the integration will let…
Italy Moderates Proposed Crypto Tax Increase
The Italian government is reportedly revising its approach to cryptocurrency taxation, proposing to increase the capital gains tax on digital assets from 26% to 28%, rather than the previously speculated…
Tencent Reports 47% Profit Jump as Games and AI Drive Growth
Tencent posted a stronger-than-expected 47% profit surge in the third quarter, driven by gains in gaming, advertising, and cloud services, as announced on Wednesday. The Chinese social media and gaming…
Nvidia and SoftBank Unveil First AI and 5G Telecom Network
Chipmaker Nvidia and SoftBank Corp have launched a pilot for the world’s first telecom network that combines artificial intelligence (AI) and 5G technology. Announced on Wednesday, this collaboration pioneers a…
North Korean Malware Bypasses Apple’s Security Measures to Target macOS Systems
Researchers at Jamf Threat Labs have uncovered a series of applications developed by North Korean hackers that managed to bypass Apple’s stringent security protocols, including its notarization process. This development…
Coinbase Unveils COIN50 Index for Global Digital Asset Tracking
Coinbase has expanded its offerings with the introduction of a new index, the Coinbase 50 Index (COIN50), which monitors over 50 digital currencies available on its platform. Announced on November…
Meta Cuts EU Ad-Free Prices by 40%, Adds Unskippable Ads for Free Users
Meta, under mounting pressure from European regulators, announced a 40% price cut for its ad-free Facebook and Instagram plans within the EU. Starting November 13, Meta’s ad-free plans now cost…
Tesla’s Cybertruck Hits Sixth Recall in a Year for Faulty Inverters
Tesla’s Cybertruck is facing yet another setback. The automaker just issued its sixth recall for the steel-bodied pickup, affecting 2,431 units built between November 2023 and July 2024. Tesla’s latest…
Cryptocurrency Markets Approach ‘Extreme Greed,’ Potential Deleveraging Ahead of $100K Bitcoin
As cryptocurrency markets experience a sharp upward trajectory, signs of overheating are emerging, with some market leaders cautioning about a potential deleveraging phase before further gains. On November 12, the…
Vietnam Expands Chip Packaging as Companies Shift Production from China
Vietnam is rapidly expanding its footprint in the semiconductor back-end manufacturing sector, attracting foreign investment as companies reduce operations in China due to escalating trade tensions with Western nations. Foreign…