Technology Financial News

08.02 / 19:49

Technology European Court of Justice Brussels to withhold EU funds from Poland to cover unpaid fines

Brussels says it will start withholding EU payments to Poland over its failure to pay daily fines imposed by the bloc's top court last year.

08.02 / 18:25

Technology Family debate Discovery of woman two years after her death sparks debate on loneliness in Italy

The discovery of a woman's decomposing body in Italy has reignited debate about loneliness.

08.02 / 17:47

Technology Kyiv Semiconductors: Brussels wants to plough billions into making more microchips in the EU

In a bid to help the EU catch up with the increasingly competitive global tech race, Brussels has unveiled a massive subsidy programme for semiconductors, the chips that power all sorts of electronic devices and have become a precious commodity in the midst of supply chain disruptions.

08.02 / 16:55

Technology European Union Catholic Church Sexual Abuse Ex-pope Benedict XVI asks for pardon over sex abuse scandal but denies wrongdoing

Ex-pope Benedict XVI has asked for forgiveness for any “grievous faults” in his handling of sexual abuse cases within the Catholic Church

07.02 / 13:05

business Technology Auto Drop Passenger vehicle retail sales drop 10% in January as chip shortage continues: FADA

Passenger vehicle retail sales declined 10 per cent year-on-year in January 2022, as the companies continued to suffer production loss amid semiconductor shortage, automobile dealers’ body FADA said on Monday.

07.02 / 08:39

business Technology Audi Auto Audi weighing local production of EVs in India

German luxury carmaker Audi is evaluating the feasibility of producing electric vehicles locally in India while it seeks to reach threshold volumes for such a step to be successful, according to a senior company official.

07.02 / 08:39

business Technology Volkswagen Auto NOT Volkswagen does not see chip shortage ending this year

Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted as saying by industry magazine Automobilwoche.

06.02 / 21:05

Blockchain Technology community DAOs: Where humans may fail, AI could succeed

Decentralized autonomous organizations (DAOs) offer a new way of organizing businesses in a non-hierarchical structure that encourages participation from every member of a community. With no central leadership and decisions made collectively, DAOs could revolutionize the way we think about work, but their implementation is not without challenges.

06.02 / 00:21

Blockchain Technology Investments Banks crypto sector TradFi 3 things the crypto sector must offer to truly mainstream with TradFi

In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible tokens (NFT), crypto indices, insurance products and decentralized options markets.

05.02 / 08:29

Blockchain Technology defi community DAOs are meant to be completely autonomous and decentralized, but are they?

While the organizational structure of a decentralized autonomous organization (DAO) is fundamentally meant to be “decentralized,” some of the biggest DAO protocols including Uniswap are not. A lot of the day-to-day activities within DAOs still involve a few core members of the organizations to make major decisions. This raises the question as to whether DAOs are completely decentralized. And, if not, is complete decentralization even possible?

05.02 / 03:47

business Technology Auto Hero financing Hero Electric ties up with Axis Bank to offer retail financing solutions

Hero Electric on Thursday said it has tied up with Axis Bank to offer retail financing solutions for its entire product portfolio.

05.02 / 03:47

business Technology Tesla Tesla recalls 817,000 vehicles in US over seat belt reminder alert

Tesla Inc is recalling more than 817,000 vehicles in the United States because an audible alert may not activate when a vehicle starts and the driver has not buckled the seat belt, a US auto safety regulator said.

05.02 / 03:47

business Technology Auto Power Tata Power to set up EV charging stations at commercial & passenger vehicle zones of Apollo Tyres

Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter’s commercial and passenger vehicle zones across India.

04.02 / 00:31

Blockchain Technology Ethereum Hackers Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi 'bailout'

On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321 million on the Solana (SOL) platform, then redeemed 93,750 wETH for ETH on the Ethereum network while swapping the rest for other altcoins on the Solana network.

03.02 / 21:37

Technology Ethereum Adoption Immutable Immutable X Grant Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators

On Thursday, iconic brick-and-mortar video game retailer GameStop announced a partnership with layer-two nonfungible tokens, or NFTs, Ethereum (ETH) scaling solution Immutable X to develop GameStop's upcoming NFT marketplace. GameStop will utilize Immutable's technology for trading and minting NFTs.

03.02 / 14:23

Technology History Ukraine crisis: Up to two million could be displaced if there is renewed conflict, says NGO

Up to two million people living near the front line in eastern Ukraine risk being displaced if fighting resumes, the Norwegian Refugee Council warned on Thursday.

03.02 / 09:45

Technology Art Extreme weather has cost Europe €50bn and killed 142,000 in 40 years

Heatwaves, floods, and other extreme weather have killed 142,000 people in Europe over the last 40 years and cost European economies more than 500 billion euros, according to a report released on Thursday.

01.02 / 23:01

Blockchain Technology Ethereum Adoption Cross-Chain First cross-chain governance proposal passes on Aave

On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave. According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, an executed proposal on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. The mechanism then reads the Ethereum data and passes it for validation on the Polygon network.

01.02 / 19:49

Blockchain Technology Ethereum Burn record high $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions

According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While sending and receiving ETH does not cost much, higher-level tasks, such as minting nonfungible tokens, or NFTs, via smart contracts, cost far more gas.

01.02 / 12:17

Technology History Viktor Orban under fire for Moscow meeting with Vladimir Putin

MEPs have criticised Hungarian Prime Minister Viktor Orban's meeting with Vladimir Putin on Tuesday, saying it risks EU unity over the Ukraine crisis.

01.02 / 10:04

Technology History Takeover One year since military takeover, Myanmar opposition holds 'silent strike'

Opponents of military rule in Myanmar marked the one-year anniversary of the army’s seizure of power with a nationwide strike Tuesday to show their strength and solidarity amid concern about what has become an increasingly violent contention for power.

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