Business

Biden plans executive order after semiconductor crunch

The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said Thursday.

Energy & Green Tech

Researchers develop more efficient method to recover heavy oil

The current global supply of crude oil is expected to meet demand through 2050, but there may be a few more drops to squeeze out. By making use of a previously undesired side effect in oil recovery, researchers have developed ...

Business

Global watchdog proposes tax overhaul for Big Tech

A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder.

Business

EasyJet flies into first annual loss

EasyJet expects a pre-tax loss of up to £845 million for its fiscal year just ended as coronavirus travel restrictions slam passenger demand, the British no-frills airline said Thursday.

Business

France puts 5G mobile frequencies on the block

France on Tuesday began to auction off radio frequencies for the deployment of ultrafast 5G mobile technology, a process that will add billions of euros to the government's depleted coffers.

Business

Tencent profits up as gamers stay home but WeChat ban looms

Chinese tech firm Tencent, the parent company of social media giant WeChat, said Wednesday its revenue jumped 28 percent in the first half of this year as the coronavirus pandemic kept people glued to their screens.

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