Business

US in no hurry to develop digital dollar: Fed's Powell

The US central bank is researching a possible cyber-dollar, but will move slowly to ensure it first addresses the risks of fraud and counterfeiting, Federal Reserve Chair Jerome Powell said Monday.

Business

Google to buy $4.5 bn stake in digital unit of India's Reliance

Google will buy a $4.5 billion stake in Reliance's digital unit and jointly develop an entry-level smartphone with the Indian conglomerate, the two companies said Wednesday as global tech giants race to grab a share of the ...

Computer Sciences

Could your computer please be more polite? Thank you

In a tense time when a pandemic rages, politicians wrangle for votes and protesters demand racial justice, a little politeness and courtesy go a long way. Now researchers at Carnegie Mellon University have developed an automated ...

UK car sector warns one in six jobs in virus danger

Britain's car sector could lose one in six jobs or about 25,000 posts due to economic fallout from coronavirus, industry body the Society of Motor Manufacturers and Traders warned Tuesday.

Business

Amazon offers permanent jobs to 125K temp hires

Amazon on Thursday said it is offering permanent jobs to 125,000 of the temporary workers hired to handle surging use of its online shopping service due to the pandemic.

Virus impacts Renault Q1 sales

French automaker Renault reported Thursday a 19.2 percent plunge in the first quarter of the year amid a general market collapse caused by the novel coronavirus.

Business

Group behind Facebook's Libra coin push meet in Geneva

The Libra Association, created by Facebook to launch its new cryptocurrency, kicked off its first council meeting in Geneva on Monday, despite defections by previous supporters like Visa and Mastercard.

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