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Category: Technology

Amazon Staff Demand Ban of Books Calling Transgender People Mentally Ill

July 7, 2022July 1, 2022fn06net

A group of Amazon.com Inc. employees plans to march in Seattle’s Pride Parade on Sunday to protest the online retailer’s sale of books they consider anti-transgender—an action that threatens to erode the company’s image as an inclusive employer. In recent months, several hundred staffers have been pushing the e-commerce giant to ban books like “Irreversible […]

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Ether Recovery Helps Crypto Revisit $1 Trillion Market Cap Level

July 6, 2022July 1, 2022fn06net

Ether and Bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilization. The No. 2 cryptocurrency advanced as much as 5.8% to $1,279.06 on Sunday before pulling back on Monday morning Asia time. The rally comes after the token dropped as low as $880.70 on June 18. […]

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New Zealand Says It’s Set to ‘Star’ in NASA’s Return to the Moon

July 5, 2022July 1, 2022fn06net

New Zealand is trumpeting its role in a plan to return humans to the Moon, saying it is set to star in NASA’s Capstone mission that will test the orbit for a lunar space station. Rocket Lab has announced it will launch a satellite from Mahia, New Zealand, to test the lunar orbit for Gateway, […]

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Global Chip Hub Taiwan to Raise Power Rates on Pricey Fuel

July 4, 2022July 1, 2022fn06net

Taiwan’s industrial sector, including the world’s largest contract chipmaker, will be hit with the island’s first power price increase in four years as the state-owned utility grapples with soaring fuel costs. About 22,000 large industrial users will pay 15% more for high voltage and ultra-high voltage electricity, the Ministry of Economic Affairs said in a […]

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Tencent Backer Prosus to Cut $134 Billion Stake to Buy Stock

July 3, 2022July 1, 2022fn06net

Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd. to finance a buyback program, reversing a pledge to hold onto the full shareholding. Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload […]

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Bruised Bitcoin Due Relief After Crypto Wipeout, Charts Show

July 2, 2022July 1, 2022fn06net

The wipeout in Bitcoin may have run its course, a range of technical indicators suggest. Momentum measures and insights from options bets signal ebbing selling pressure and a possible trading range of $20,000 to $25,000 — though the usual caveats apply about the mercurial nature of cryptocurrencies. The largest digital token has slumped about 70% […]

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Pakistan Ride-Sharing Startup Bykea Raises Funds to Fuel Growth

July 1, 2022July 1, 2022fn06net

Pakistani ride-sharing and delivery startup Bykea raised $10 million from its existing backers to tap rising demand for online services in the South Asian country. Bykea, which focuses on two-wheeler rides, said in a statement Monday it plans to use the funds to extend its services, which include food and e-commerce deliveries, as well as […]

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