In a move that underscores the growing sensitivity of governments toward technology failures, Malaysia has formally urged Microsoft and CrowdStrike to compensate for the damages incurred during a significant tech outage. This incident not only impacted five government agencies but also disrupted operations in nine private companies, highlighting the ripple effects that technical malfunctions can […]
Spain investigates Apple’s App Store practices
Spain has launched an investigation into Apple’s App Store practices, focusing on whether the tech giant has enforced unfair commercial terms on app developers. This inquiry marks a significant moment in the EU’s broader scrutiny of major technology companies and their market influence. The probe will delve into allegations that Apple imposes conditions that disproportionately […]
L’Occitane to Delist From Hong Kong Stock Exchange
L’Occitane is set to leave the Hong Kong Stock Exchange in August, marking a significant shift for the French skincare giant. This decision follows the company’s successful campaign to gain approval from minority shareholders, enabling its long-desired move to privatization. Established in 2010 on this exchange, L’Occitane has built a notable presence in the beauty […]
New study finds alarming rise in persistent forever chemicals in pesticides
The use of pesticides has long been a cornerstone of agricultural innovation, ensuring higher yields and pest control. However, recent studies reveal a troubling trend: the increasing presence of persistent “forever chemicals” in pesticides. These chemicals, known for their stability and prolonged environmental presence, pose serious risks to waterways and potentially endanger human health. Forever […]
Bangladesh Eases Curfew to Keep Economy Going After Protests
Bangladesh is making headlines as it eases a nationwide curfew, a direct response to deadly protests against a government job quota system. This development signals an urgent effort by the Bangladeshi government to stabilize its economy, particularly the crucial garment sector, which comprises over 80% of the nation’s exports. The nationwide unrest, sparked by students […]
FTC investigates AI-powered pricing practices
The Federal Trade Commission (FTC) is currently investigating the practices surrounding AI-powered pricing strategies employed by various companies. These advanced systems tailor prices based on numerous factors, including consumer behavior, geographical location, and personal data profiles. This approach has raised significant concerns regarding price discrimination, where different customers may see different prices for identical products […]
LVMH Shares Slump 6% After Missing Q2 Estimates
The luxury market faces a complex landscape as we look to the second half of 2023. According to Citi analyst Thomas Chauvet, investor sentiment is unlikely to see a significant boost, largely due to the diminishing aftereffects of the post-pandemic recovery in China. This situation reflects broader economic concerns that could impact the high-end sector. […]
Meta introduces largest Llama 3 AI model with enhanced language and math capabilities
In an ambitious move, Meta has launched its largest AI model to date: Llama 3. This model showcases significant advancements in both language and math capabilities. Designed primarily for developers, Meta offers Llama 3 at little to no cost, marking a strategic shift to foster innovation and reduce dependence on competing platforms. This initiative is […]
Ongoing talks aim to finalise global tax deal
In recent discussions, countries are working towards finalizing a global tax deal that aims to address tax challenges linked to the digital economy. This initiative is essential as nations seek to establish a fairer tax system amid rapid digitalization and globalization. The proposed framework, championed by the Organisation for Economic Co-operation and Development (OECD), involves […]
Adobe introduces generative AI in Illustrator and Photoshop
Adobe is transforming its flagship design software, Illustrator and Photoshop, by integrating generative AI tools aimed at enhancing user creativity and productivity. These innovations are designed to streamline workflows, enabling users to produce high-quality designs more efficiently. The introduction of AI-generated features allows designers to automate repetitive tasks, such as object removal or background changes, […]