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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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Dec182020 by TechmanNo Comments

China Turns Up Heat on Country’s Tech Giants

All, Business, News, Technology
In recent weeks, Chinese regulators have cracked down on some of the country's biggest and most powerful technology companies, illustrating the immense market power of these companies, which has drawn concern from the government. On Monday, the State Administration for Market Regulation (SAMR), China's top market…


Dec182020 by TechmanNo Comments

Alibaba Facial Recognition Tech Specifically Picks Out Uighur Minority, Report Shows

All, Business, News, Technology
Technology giant Alibaba Group Holding Ltd. has facial recognition technology that can specifically pick out members of China's Uighur minority, surveillance industry researcher IPVM said in a report. Alibaba itself said it was dismayed a unit developed software that can tag ethnicity in videos, and that…


Dec172020 by TechmanNo Comments

38 States Sue Google Over Antitrust Complaints

All, Business, News, Technology
The lawsuits against Alphabet Inc.'s Google continue to pile up. On December 17, 38 states filed a joint antitrust complaint that accuses the tech giant of expanding its search monopoly through smart speakers, televisions and cars, according to Reuters. It is the third major lawsuit against…


Dec172020 by TechmanNo Comments

Trump Administration, Biden Voice New Alarm About Latest Cyberattack

All, Business, News, Technology
U.S. President Donald Trump’s administration and President-elect Joe Biden both voiced new alarm Thursday about a wide intrusion into computer systems around the world that officials suspect was carried out by Russia.The cybersecurity unit of the U.S. Department of Homeland Security said the hack "poses…


Dec172020 by TechmanNo Comments

US Says Recent Hacking Campaign Hit Government Networks

All, Business, News, Technology
The U.S. government confirmed on Wednesday that a recent hacking campaign affected its networks and said the attack was "significant and ongoing."Hackers believed to be working for Russia have been monitoring internal email traffic at the U.S. Treasury and Commerce departments, Reuters reported earlier this…


Dec172020 by TechmanNo Comments

10 States Sue Google for ‘Anti-Competitive’ Online Ad Sales

All, Business, News, Technology
Ten states on Wednesday brought a lawsuit against Google, accusing the search giant of "anti-competitive conduct" in the online advertising industry, including a deal to manipulate sales with rival Facebook.Texas Attorney General Ken Paxton announced the suit, which was filed in a federal court in…


Dec162020 by TechmanNo Comments

EU Unveils New Rules to Curb Technology Companies

All, Business, News, Technology
The Digital Services Act and the Digital Markets Act have just been presented in Brussels. These proposed policies aim to revise all the principles that apply to digital services within the 27 member states — from the publication of illegal content on social networks to…


Dec162020 by TechmanNo Comments

Facebook’s Antitrust Fight in US Could Mean More Consumer Choice Worldwide

All, Business, News, Technology
The U.S. government’s suit against Facebook for illegally stifling competition and limiting consumer choice will be watched worldwide, particularly by the social network’s more than two billion users. Tina Trinh reports.  Produced by: Tina Trinh     ...


Dec162020 by TechmanNo Comments

Hackers Used SolarWinds’ Dominance Against it in Sprawling Spy Campaign

All, Business, News, Technology
On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm. There was not a database or an IT deployment model out there to which his Austin, Texas-based company did not…


Dec152020 by TechmanNo Comments

Britain to Introduce New Laws Over ‘Harmful’ Social Media Content 

All, Business, News, Technology
Lawmakers in Britain have proposed legislation that would fine social media companies if they do not quickly take action to remove illegal content like child pornography or terrorist materials. U.S. based Facebook and Twitter and China-owned TikTok could be fined up to 10% of turnover, according…


Dec152020 by TechmanNo Comments

Apple Adding Privacy Fact Labels to App Store Items

All, Business, News, Technology
Apple on Monday began adding labels that reveal what user data is gathered by games, chat or other software offered in the App Store for its popular mobile devices. The iPhone maker announced plans for such privacy labels when it first unveiled the new version of…


Dec142020 by TechmanNo Comments

Google Suffers Widespread Outage of Gmail, YouTube and More

All, Business, News, Technology
After nearly an hour of widespread global outages of Google services, most users were again able to access their Gmail, Google Drive and YouTube accounts Monday morning.   “Update -- We’re back up and running! You should be able to access YouTube again and enjoy…


Dec122020 by TechmanNo Comments

EU Vaccine Agency Victim of Cyberattack

All, Business, News, Technology
The head of the European Union’s medical agency confirmed Friday it had been the subject of a cyberattack for the past two weeks but said it will not impact its ongoing evaluation of COVID-19 vaccines.The cyberattack was originally announced Wednesday, with the agency providing few…


Dec122020 by TechmanNo Comments

Can China Become Self-reliant in Semiconductors?

All, Business, News, Technology
The U.S. added China's biggest computer chipmaker SMIC to a blacklist of alleged Chinese military companies last week, a move that will further widen the gap between China’s chip technology and the rest of the world.Despite its status as the world's factory, China has never…


Dec112020 by TechmanNo Comments

At-Home Kits Aim to Close COVID-19 Testing Gap

All, Business, News, Technology
Getting a COVID test can mean long lines and delayed results. Matt Dibble looks into recent breakthroughs that may have more of us performing a test at home. Camera: Matt Dibble       Producer: Matt Dibble ...


Dec112020 by TechmanNo Comments

EU Vaccine Agency Victim of Cyber-attack

All, Business, News, Technology
The head of the European Union’s medical agency confirmed Friday it had been the subject of a cyberattack for the past two weeks but said it will not impact its ongoing evaluation of COVID-19 vaccines.The cyberattack was originally announced Wednesday, with the agency providing few…


Dec112020 by TechmanNo Comments

At-Home Test Kits: New Tools to Close the COVID-19 Testing Gap

All, Business, News, Technology
Getting a COVID test can mean long lines and delayed results. Matt Dibble looks into recent breakthroughs that may have more of us performing a test at home. Camera: Matt Dibble       Producer: Matt Dibble ...


Dec92020 by TechmanNo Comments

Facebook Faces US Lawsuits That Could Force Sale of Instagram, WhatsApp

All, Business, News, Technology
The U.S. Federal Trade Commission and nearly every U.S. state sued Facebook Inc. Wednesday, saying it broke antitrust law and should potentially be broken up.With the filing of the twin lawsuits, Facebook becomes the second big tech company to face a major legal challenge this…


Dec92020 by TechmanNo Comments

YouTube Will Remove New Videos That Falsely Claim Fraud Changed US Election Outcome

All, Business, News, Technology
YouTube said on Wednesday it would start removing content that falsely allege widespread fraud changed the outcome of the U.S. presidential election, in a change to its more hands-off stance on videos making similar claims. The update, which applies to content uploaded from Wednesday, comes…


Dec92020 by TechmanNo Comments

Cybersecurity Firm FireEye Says Was Hacked by Nation State

All, Business, News, Technology
Prominent U.S. cybersecurity firm FireEye said Tuesday that foreign government hackers with “world-class capabilities” broke into its network and stole offensive tools it uses to probe the defenses of its thousands of customers, who include federal, state and local governments and top global corporations.The hackers…


Dec82020 by TechmanNo Comments

Australia Introducing Bill to Make Facebook and Google Pay Media Groups for Content

All, Business, News, Technology
Legislation to make Facebook and Google pay media organizations for news content will be introduced in the Australian parliament on Wednesday, Treasurer Josh Frydenberg said Tuesday.   Frydenberg said the measure would be reviewed by a parliamentary committee after its introduction and before legislators vote…


Dec82020 by TechmanNo Comments

Smartphone Glass Strength: The Quest To Make Glass Shatterproof

All, Business, News, Technology
U.S. glassmaker Corning has become the dominant provider of glass covers for smartphones worldwide. Deana Mitchell has the story. ...


Dec72020 by TechmanNo Comments

Despite Promise, Few in US Adopting COVID-19 Exposure Apps

All, Business, News, Technology
Six months ago, Apple and Google introduced a new smartphone tool designed to notify people who might have been exposed to the coronavirus, without disclosing any personal information. But for the most part, Americans haven't been all that interested. Fewer than half of U.S. states…


Dec62020 by TechmanNo Comments

US Not Extending TikTok Divestiture Deadline; Talks to Continue

All, Business, News, Technology
The Trump administration has chosen not to extend again an order requiring ByteDance, a Chinese company, to divest TikTok's U.S. assets, but talks will continue over the video-sharing app's fate, two sources briefed on the matter said.A Treasury Department representative said late Friday that the…


Dec42020 by TechmanNo Comments

Facebook to Start Removing Bogus Claims About COVID Vaccines

All, Business, News, Technology
Facebook will begin removing false claims about COVID-19 vaccines from its social media platform, the company said Thursday, as part of an ongoing campaign to combat the spread of misinformation about them.“This is another way that we are applying our policy to remove misinformation about…


Dec32020 by TechmanNo Comments

Federal Lawsuit Alleges Facebook Discriminates Against US Workers 

All, Business, News, Technology
The U.S. Department of Justice (DOJ) filed a lawsuit Thursday saying social media giant Facebook was discriminating against U.S. workers and hiring cheaper foreign workers instead.Many of the temporary workers the DOJ accused Facebook of giving hiring preferences to were foreign workers with H-1B visas.H1-B…


Dec32020 by TechmanNo Comments

Twitter Prohibits Dehumanizing Posts Targeting Race, Ethnicity

All, Business, News, Technology
Twitter has enacted stricter content rules, adding to its list of prohibited conduct any language that “dehumanizes people on the basis of race, ethnicity, or national origin.”The social media company announced the update to its policy on Wednesday.Twitter said it would remove any offending posts…


Dec22020 by TechmanNo Comments

European Space Agency Signs Deal to Remove Debris from Orbit

All, Business, News, Technology
The European Space Agency (ESA) has signed a $102 million contract with a Swiss start-up company to purchase a unique service: the first-ever removal of an item of space debris from orbit.   The company, ClearSpace SA, will capture part of a used rocket using…


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