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Category: Business

Economy and business news. Business is the practice of making one’s living or making money by producing or buying and selling products (such as goods and services). It’s also “any activity or enterprise entered into for profit.” A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business

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Jul262023 by TechmanNo Comments

US Works With Artificial Intelligence Companies to Mitigate Risks

All, Business, News, Technology
Can artificial intelligence wipe out humanity? A senior U.S. official said the United States government is working with leading AI companies and at least 20 countries to set up guardrails to mitigate potential risks, while focusing on the innovative edge of AI technologies. Nathaniel Fick,…


Jul242023 by TechmanNo Comments

In the Shadow of Giants, Mongolian Girls Learn to Code

All, Business, News, Technology
A class that teaches teenage girls how to code – or write instructions for computers – is drawing lots of interest in Mongolia. For VOA, Graham Kanwit and Elizabeth Lee have the story about a program that prepares them for jobs in technology. Camera: Sam…


Jul242023 by TechmanNo Comments

Elon Musk Reveals New Black and White X Logo To Replace Twitter’s Blue Bird

All, Business, News, Technology
Elon Musk has unveiled a new black and white "X" logo to replace Twitter's famous blue bird as he follows through with a major rebranding of the social media platform he bought for $44 billion last year. Musk replaced his own Twitter icon with a…


Jul232023 by TechmanNo Comments

Musk Says Twitter to Change Logo to “X” From The Bird  

All, Business, News, Technology
Elon Musk said Sunday that he plans to change the logo of Twitter to an "X" from the bird, marking what would be the latest big change since he bought the social media platform for $44 billion last year.  In a series of posts on…


Jul222023 by TechmanNo Comments

AI Firms Strike Deal With White House on Safety Guidelines 

All, Business, News, Technology
The White House on Friday announced that the Biden administration had reached a voluntary agreement with seven companies building artificial intelligence products to establish guidelines meant to ensure the technology is developed safely. “These commitments are real, and they’re concrete,” President Joe Biden said in…


Jul212023 by TechmanNo Comments

Japan Signs Chip Development Deal With India 

All, Business, News, Technology
Japan and India have signed an agreement for the joint development of semiconductors, in what appears to be another indication of how global businesses are reconfiguring post-pandemic supply chains as China loses its allure for foreign companies. India’s Ashwini Vaishnaw, minister for railways, communications, and…


Jul202023 by TechmanNo Comments

US Tech Leaders Aim for Fewer Export Curbs on AI Chips for China 

All, Business, News, Technology
Intel Corp. has introduced a processor in China that is designed for AI deep-learning applications despite reports of the Biden administration considering additional restrictions on Chinese companies to address loopholes in chip export controls. The chip giant’s product launch on July 11 is part of…


Jul202023 by TechmanNo Comments

UN Security Council Debates Virtues, Failings of Artificial Intelligence

All, Business, News, Technology
Artificial intelligence was the dominant topic at the United Nations Security Council this week. In his opening remarks at the session, U.N. Secretary-General Antonio Guterres said, “AI will have an impact on every area of our lives” and advocated for the creation of a “new…


Jul192023 by TechmanNo Comments

Former Mombasa Dentist Develops App to Tackle Garbage Along Kenyan Coast

All, Business, News, Technology
Tayba Hatimy studied and practiced dentistry for seven years before she realized her real passion was caring for the environment. Since then, she has founded a garbage collection app that helps people in Mombasa, Kenya reduce garbage along the coast. Saida Swaleh has the story.…


Jul192023 by TechmanNo Comments

Artificial Intelligence Is Changing Social Media 

All, Business, News, Technology
Artificial intelligence is quickly becoming part of our social media world on our cellphones and computers. Text, images, audio and video are becoming easier for anyone to create using new generative AI tools. As AI-generated materials become more pervasive, it's getting harder to tell the…


Jul192023 by TechmanNo Comments

Chinese Livestreamers Set Sights on TikTok Sales to Shoppers in US and Europe 

All, Business, News, Technology
Chinese livestreamers have set their sights on TikTok shoppers in the U.S. and Europe, hawking everything from bags and apparel to crystals with their eyes on a potentially lucrative market, despite uncertainties over the platform's future in the U.S. and elsewhere. In China, where livestreaming…


Jul182023 by TechmanNo Comments

US Communications Commission Hopeful About Artificial Intelligence 

All, Business, News, Technology
Does generative artificial intelligence pose a risk to humanity that could lead to our extinction? That was among the questions put to experts by the head of the U.S. Federal Communications Commission at a workshop hosted with the National Science Foundation. FCC chairwoman Jessica Rosenworcel…


Jul182023 by TechmanNo Comments

White House Partners With Amazon, Google, Best Buy To Secure Devices From Cyberattacks

All, Business, News, Technology
The White House on Tuesday along with companies such as Amazon.com Inc, Alphabet's Google and Best Buy will announce an initiative that allows Americans to identify devices that are less vulnerable to cyberattacks. A new certification and labeling program would raise the bar for cybersecurity…


Jul172023 by TechmanNo Comments

Norway Threatens $100,000 Daily Fine on Meta Over Data

All, Business, News, Technology
Norway's data protection agency said Monday it would ban Facebook and Instagram owner Meta from using the personal information of users for targeted advertising, threatening a $100,000 daily fine if the company continues.  The business practices of big U.S. tech firms are under close scrutiny…


Jul172023 by TechmanNo Comments

UK Watchdog Proposes Applying ‘Consumer Duty’ to Social Media

All, Business, News, Technology
Britain's financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by applying a stringent "consumer duty" that is being rolled out to banks, funds and insurers on July 31. The Financial Conduct Authority has said its…


Jul162023 by TechmanNo Comments

Musk Says Twitter Is Losing Cash Because Advertising Is Down and the Company Is Carrying Heavy Debt

All, Business, News, Technology
Elon Musk says Twitter is still losing cash because advertising has dropped by half. In a reply to a tweet offering business advice, Musk tweeted Saturday, "We're still negative cash flow, due to (about a) 50% drop in advertising revenue plus heavy debt load." "Need…


Jul152023 by TechmanNo Comments

Sources: US Chip CEOs Plan Washington Trip to Talk China Policy

All, Business, News, Technology
The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and…


Jul142023 by TechmanNo Comments

Microsoft: Chinese Hackers Exploited Code Flaw to Steal US Agencies’ Emails 

All, Business, News, Technology
Microsoft says hackers used a flaw in its code to steal emails from government agencies and other clients.  In a blog post published Friday, the company said that Chinese hackers were able to take advantage of "a validation error in Microsoft code" to carry out…


Jul142023 by TechmanNo Comments

India to Launch Moonshot Friday

All, Business, News, Technology
India is set to launch a spacecraft to the moon Friday. If successful, it would make India only the fourth country to do so, after the U.S., the Soviet Union, and China. It will take the $75 million Chandrayaan-3 over a month to reach the…


Jul132023 by TechmanNo Comments

Targeting of State Department, Others in Microsoft Hack ‘Intentional’  

All, Business, News, Technology
Hackers, possibly linked to China’s intelligence agencies, are being blamed for a monthlong campaign that breached some unclassified U.S. email systems, allowing them to access to a small number of accounts at the U.S. State Department and a handful of other organizations. Microsoft first announced…


Jul112023 by TechmanNo Comments

‘Meta Loses More:’ Zuckerberg Takes Threads Fight to EU

All, Business, News, Technology
U.S. tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight. Threads, billed as the killer of Twitter, a…


Jul102023 by TechmanNo Comments

Europe Signs Off on New Privacy Pact That Allows People’s Data to Keep Flowing to US 

All, Business, News, Technology
The European Union signed off Monday on a new agreement over the privacy of people's personal information that gets pinged across the Atlantic, aiming to ease European concerns about electronic spying by American intelligence agencies. The EU-U.S. Data Privacy Framework has an adequate level of…


Jul92023 by TechmanNo Comments

New Handbook Highlights Ways to Develop Tech Ethically

All, Business, News, Technology
In a world where technology, such as artificial intelligence, is advancing at a rapid pace, what guidance do technology developers have in making the best ethically sound decisions for consumers?  A new handbook, titled "Ethics in the Age of Disruptive Technologies: An Operational Roadmap," promises to…


Jul82023 by TechmanNo Comments

AI Robots at UN Reckon They Could Run the World Better

All, Business, News, Technology
A panel of AI-enabled humanoid robots told a United Nations summit Friday that they could eventually run the world better than humans. But the social robots said they felt humans should proceed with caution when embracing the rapidly developing potential of artificial intelligence. And they…


Jul82023 by TechmanNo Comments

Chinese Regulators Fine Ant Group $985M in Signal That Tech Crackdown May End

All, Business, News, Technology
HONG KONG — Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million) for violating regulations in its payments and financial services, an indicator that more than two years of scrutiny and crackdown on the firm that led it to scrap its planned public…


Jul72023 by TechmanNo Comments

Iran Blocks Public Access to Threads App; Raisi’s Account Created

All, Business, News, Technology
Just one day after its launch, Threads, the latest social media network, was blocked by the Islamic Republic, denying access to the Iranian population. This action occurred even though an account had been created for Iran President Ebrahim Raisi on the platform. On Thursday afternoon,…


Jul72023 by TechmanNo Comments

Combat Drone Operator Describes Their Many Uses

All, Business, News, Technology
Ukraine has been using drones for reconnaissance and attacks since the start of Russia'18s invasion. But sometimes combat drone operators use them to save civilians — or even capture the enemy. Anna Kosstutschenko went to the Donbas region to find out more. Camera: Pavel Suhodolskiy Produced…


Jul72023 by TechmanNo Comments

What Is Threads? Questions About Meta’s New Twitter Rival, Answered

All, Business, News, Technology
Threads, a text-based app built by Meta to rival Twitter, is live. The app, billed as the text version of Meta's photo-sharing platform Instagram, became available Wednesday night to users in more than 100 countries — including the U.S., Britain, Australia, Canada and Japan. Despite…


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