Japan is further restricting the export of technology for the production of chips. From now on, about ten companies from the Asian country will need a license to export their most advanced products. The decision follows pressure from the United States to stop selling state-of-the-art semiconductor technology to China. Still, […]
Business
Apple has acquired WaveOne, a company that wants to provide better image compression with artificial intelligence. Apple does not formally confirm the acquisition, but Techcrunch found that WaveOne’s website has been offline since January. However, many former employees are active today in the company’s machine-learning groups. At the same time, […]
Airline Transavia still flies to Israel despite a general strike in that country. As a result, no flights departing from Tel Aviv airport. But as it looks now, planes can land there, says Transavia. The low-cost carrier has two flights planned from Schiphol to Tel Aviv. Transavia is closely monitoring […]
Japan has lifted restrictions on exports to South Korea of materials necessary for making chips. With this, the two countries have taken a new step towards normalising trade relations. Earlier this week, South Korea had already returned Japan to a list of trusted trading partners. Relations between the two neighbouring […]
The reconstruction of Ukraine after the Russian invasion will probably cost about 411 billion dollars, about 380 billion euros. That is 2.5 times the total economy of the country. The World Bank, the United Nations, the European Commission and Ukraine itself released that calculation on Wednesday. The damage has increased […]
Meal delivery company Just Eat Takeaway will cut 1,700 jobs in the United Kingdom, writes the British newspaper The Telegraph. Meal delivery services at the British Just Eat service are particularly affected, but some 170 office jobs will also disappear. The move is part of a cost-cutting measure by the […]
According to the Financial Times, Swiss bank UBS has offered to buy troubled Credit Suisse for up to $1 billion. However, Credit Suisse believes the offer is far too low; sources told Bloomberg. The Swiss authorities are therefore planning to change laws to circumvent the vote of the shareholders on […]
Chinese technology group Huawei has had to replace thousands of product parts as US sanctions hit them. Company founder Ren Zhengfei admitted this during a speech in February, the transcript of which was published by a Chinese university on Friday. Huawei, a major equipment supplier for 5G telecommunications networks, has […]
The US government has informed Chinese company ByteDance that if it does not sell TikTok, the popular app may be banned in the United States. Several American newspapers reported this, and the company confirmed the news. The app is seen as a threat by some policymakers in Western countries because […]
Oil prices fell on Wednesday following heavy stock market losses on concerns about the banking sector. As a result, a barrel of American WTI oil fell below $ 70 for the first time since late last year. Brent, the benchmark for oil from Europe, the Middle East and Africa, was […]
