Tech
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President Biden set to cut down on U.S. credit card fees, app charges
The White House on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc and Google parent Alphabet Inc charge on mobile app stores. The move is par…
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Snap’s earnings may hold positive news for Meta, Google
A rise in a key advertising metric for Snap Inc that reported an otherwise insipid quarter could bode well for Facebook owner Meta Platforms and Alphabet, analysts said on Wednesday. Shares of the Sn…
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U.S. stops granting export licenses for China’s Huawei – sources
The Biden administration has stopped approving licenses for U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export res…
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Mobile phone, PC shipments expected to fall for second year – Gartner
Shipments of personal computers and mobile phones are expected to fall for the second straight year in 2023, with phone shipments slumping to a decade low, IT research firm Gartner said on Tuesday. M…
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Music platform Spotify surpasses growth estimates, eyes 500m listeners next quarter
Spotify Technology SA on Tuesday reported fourth-quarter results that beat expectations for both active users and subscribers, and forecast the number of listeners would reach 500 million next quarte…
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Facebook seeks to block $3.7bn mass UK lawsuits over market dominance
Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to moneti…
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TikTok’s CEO slated to testify before U.S. Congress in March as ban hangs in limbo
Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers looks to scrutinise the Chinese-owned video-sharing app, Chair Cathy McMorris Rodgers said on M…
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China’s Baidu to launch ChatGPT-style bot in March – source
Chinese internet search major Baidu Inc is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s ChatGPT in March, a person familiar with the matter told Reuters. The…
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Apple’s India supplier Jabil making AirPods parts for export – Bloomberg
Apple-supplier Jabil Inc’s India unit has begun making components for AirPods in the country and is shipping plastic bodies or enclosures for AirPods to China and Vietnam, Bloomberg News reported on …
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U.S. House panel will be voting next month as TikTok faced possible ban
The House Foreign Affairs Committee plans to hold a vote next month on a bill aimed at blocking the use of China’s popular social media app TikTok in the United States, the committee confirmed on Fri…