Technology
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US FTC to probe Twitter for antitrust violations
Elon Musk’s $44 billion Twitter acquisition is allegedly being investigated by the US Federal Trade Commission (FTC) for possible antitrust…
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Canada and Stellantis to fund production of electric vehicles under zero emissions initiative
Prime Minister Justin Trudeau of Canada announced a major federal investment in Stellantis’ project funding, which will modernize assembly plants and…
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Dubai’s VARA becomes world’s first regulating body in Metaverse
With the opening of its Metaverse HQ in the dynamic virtual world of ‘The Sandbox,’ Dubai’s Virtual Assets Regulatory Authority…
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Sharjah’s Waste to Energy Facility begins operations
The construction of the first Waste-to-Energy facility is completed in Sharjah, UAE. The project, Emirates Waste to Energy Company, is…
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Global chip shortage hurts tech and automotive industry alike
Due to a persistent shortage of chips and other essential ingredients, some of the world’s largest tech and automotive businesses…
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Russia Company Holds Gas Supply to Poland and Bulgaria over Rouble Payments
Gazprom, a Russian energy company, said today that it had cut off gas supplies to Bulgaria and Poland for failing…
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Oil inflation might be a boon to the Middle East, but leaves other countries to deal with social unrest
Energy costs have risen faster than projected, and certain supply chain disruptions caused by the pandemic were expected to last…
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Musk’s Boring Co Raises $675 Million at a valuation of $5.6 Billion
Vy Capital and Sequoia Capital led a $675 million fundraising round for Elon Musk’s tunneling business Boring Co. According to…
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Egyptian infrastructure management platform Pylon secures $19 million funding
In its first venture round, Egypt-based Pylon has successfully secured a seed round of $19 million. US firm, Endure Capital…
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Netflix loses 200,000 subscribers in first quarter; blames competition, password sharing and Russia’s invasion of Ukraine
Netflix announced on Tuesday that it lost 200,000 paid customers in the first quarter, the first drop in over a…
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