Tag Archives: citing

By ZEN SOO Associated Press HONG KONG (AP) — Yahoo Inc. said Tuesday it has pulled out of China, citing an “increasingly challenging business and legal environment.” Chinese authorities maintain a firm grip on internet censorship in the country and require companies operating in China to censor content and keywords deemed politically sensitive or inappropriate. “In recognition of the increasingly challenging business and legal environment in China,… Source link

(Adds shares, analyst comment)    STOCKHOLM, July 13 (Reuters) – Finland’s Nokia said on Tuesday it planned to raise its full-year outlook as business picked up pace in the second quarter, sending the telecom equipment maker’s shares up more than 6%.    The company, which will provide the new outlook on July 29 while reporting second-quarter results, had earlier projected 2021 net sales of 20.6 billion to 21.8 billion euros ($24.4-$25.85 billion).    Nokia had been struggling against… Source link

Photo illustration: Yahoo News; photos: Getty Images Thanks to a sharp rise in crime in an affluent district in Atlanta, residents have mounted a campaign to secede from the majority Black city. The Buckhead district is known for its luxury high-rise apartments, lavish restaurants and trendy boutique shops, but a spike in robberies, aggravated assault and larceny over the past year has left many in the community dismayed. Saying that Atlanta has abandoned them, they’ve formed the Buckhead… Source link

Just weeks after Tesla started accepting Bitcoin as currency for cars, Elon Musk revealed in a tweet that it will “suspend” the effort. According to the release (Tesla does not appear to have a functioning press office), the company is “concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions.”  A study last year estimated bitcoin mining used 7.46 GW of electricity on average, and the same study puts the number right now at 16.71 GW. That would represent… Source link

The Daily Mail’s owner filed an antitrust suit against Alphabet Inc.’s GOOG 0.09% Google on Tuesday, alleging the tech giant manipulates search results and advertising auctions in ways that harm online publishers. The suit, filed in Manhattan federal court, alleges that Google punishes publishers in search rankings if they don’t sell enough advertising space through Google’s marketplace. The Daily Mail’s concerns stem in part from… Source link

The Guardian A Texas city had a bold new climate plan – until a gas company got involved The fossil fuel industry is using the same playbook to fight city climate plans around the country People wait in long lines at HEB grocery store in Austin, Texas, on 17 February. Photograph: Montinique Monroe/Getty Images When the city of Austin drafted a plan to shift away from fossil fuels, the local gas company was fast on the scene to try to scale back the ambition of the effort. Like many cities… Source link

One day after trading app Robinhood halted buying of red-hot stocks like GameStop and AMC, infuriating customers, the app turned off a key cryptocurrency buying feature on Friday. The paid feature, Instant Buying, allows customers to transfer funds from a bank account and use the funds immediately, before they have been settled. “Due to extraordinary market conditions, we’ve temporarily turned off Instant Buying power for crypto,” Robinhood said in a statement to Yahoo Finance…. Source link

Alphabet Inc.’s Google has removed the small social-media site Wimkin from its Google Play store, joining Apple Inc. in cutting the app’s reach amid a broader effort to rein in misleading or potentially harmful content. Google suspended Wimkin from its app store Monday night, a company spokesman said, citing posts that called for violence against liberals. The posts violated rules barring apps from hosting what Google… Source link

(Bloomberg) — The National Rifle Association of America, the gun-rights group feared for its lobbying clout but now threatened with dissolution by the state of New York, filed Friday for Chapter 11 bankruptcy with plans to regroup in Texas. Restructuring in court will help the NRA exit “a corrupt political and regulatory environment in New York,” according to a statement on its website. The NRA’s petition listed assets and liabilities of as much as $500 million each. The filing marked… Source link

In an interview with Fox News’ Chris Wallace that aired Sunday, President Trump defended his handling of the coronavirus pandemic — with incorrect data that had to be corrected by Wallace — and insisted that former Vice President Joe Biden wants to defund the police, which Wallace disputed. Video Transcript [MUSIC PLAYING] Source link