Vice Media terminates flagship program and announces 'painful' job cuts

As part of a restructuring leading to layoffs, the youth-oriented media company announced Thursday that it will terminate the popular television program "Vice News Tonight."

Samsung forecasts rebound in H2 following record chip loss in Q1

Chip prices plummeted in the first quarter due to a global decline in semiconductor purchases due to an economic recession and sluggish consumer spending. This precipitated production cuts across the sector.

Don Lemon, CNN host, claims his network fired him

"After 17 years at CNN, I would have thought that someone in management would have had the decency to tell me directly. At no time was I ever given any indication that I would not be able to continue to do the work I have loved at the network," he added.

Meta to restore Trump's Facebook and Instagram accounts

Trump said he would run again in November 2024 and may benefit from restoring his accounts. Political outreach and funding are facilitated by his 34 million Facebook and 23 million Instagram followers.

Musk says he will resign as Twitter CEO when he finds "someone foolish enough to take the job"

"I will resign as CEO as soon as I find a fool to accept the position! Musk stated on Twitter that he would oversee the software and server teams.

Tesla's value drops $50 billion in just two hours

Investors dropped $50 billion from Tesla Inc’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years.

Hertz files for U.S. bankruptcy protection as car rentals evaporate amid COVID-19

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much-needed relief.

U.S. regulator reviewing Tesla owner complaint on self-driving test software

The owner of a 2021 Tesla Model Y told the National Highway Traffic Safety Administration that the vehicle was in FSD Beta mode on Nov. 3 in Brea, California, and that "when performing a left turn, the car drove into the wrong lane and I was hit by another motorist in the lane adjacent to my lane."

US imposed restrictions on exports to China's chipmaker SMIC after concluding risk of military use

The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding risk, equipment supplied to it could be used for military purposes.

Chinese leaders crack over releasing blacklist of US companies

Beijing has sped up the development of a blacklist that could be used to punish American technology firms, but officials say leaders are hesitating to pull the trigger, with some arguing a decision on the list should wait till after the U.S. election.

Dow headlong 900 points as coronavirus fears mount

In a painful start to the week for the Dow and the border market, stocks headlong Monday as investors worry when Washington will agree with another stimulus bill.

Facebook to bring smart glasses in 2021 in collaboration with Ray-ban

Facebook is set to unveil its first smart glass in 2021 as it has started a collaboration with Ray-ban’s manufacturer Luxottica to bring smart glasses for the consumers.

China published a white paper on employment, labor rights in Xinjiang

China has published a white paper on employment and labor rights in Xinjiang Uygur Autonomous Region on Thursday.

US: Trump says to announce some visa restrictions for foreign workers very soon

US President Donald Trump has said on Saturday to be announcing some visa restrictions for foreign workers this week as the US is facing some economic crisis due to COVID-19.

American billionaires become significantly richer during the pandemic

The combined wealth of America's billionaires, including founder Jeff Bezos and Facebook CEO Mark Zuckerberg, jumped more than 19% or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS).

US weekly jobless claims drop, but economic recovery still elusive

The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses reopen.