Tag: Technology

China’s ‘No 1 document’: Beijing steps up focus on food | Incredible Solutions Tech

China points to ‘instability of the external situation’ in latest rural policy blueprint, urges boost in domestic seed supplies. China will put greater pressure on its regions to boost grain yields and step up support for its domestic seed industry as it strengthens its focus on food security after...

Australia pulls health ads from Facebook after news blackout | | Incredible Solutions Tech

Facebook is playing hardball over a government plan to force technology giants to pay for the news on their platforms. Australia’s health department will no longer advertise on Facebook, it has announced, the latest escalation of the government’s feud with the social media giant over a new law that...

US bipartisan bill could empower news outlets to take on Big | Incredible Solutions Tech

An antitrust bill would allow smaller news outlets to negotiate collectively with Facebook and Google, Reuters reports. Members of the United States Congress from both parties plan to introduce a bill in coming weeks to make it easier for smaller news organisations to negotiate with Big Tech platforms, Representative...

Soaring high: Bitcoin hits record $53,750, $1 trillion market | Incredible Solutions Tech

The world’s top cryptocurrency has surged 60 percent this month alone, fuelled in part by mainstream investors like Tesla. Bitcoin hit yet another record high on Friday, achieving a market capitalisation of $1 trillion and blithely shrugging off analysts’ warnings that it is an “economic sideshow” and a poor...

‘Sorry’: Brokerage chief at heart of GameStop saga apologises | Incredible Solutions Tech

The head of trading app Robinhood and Wall Street hedge fund managers fielded a barrage of questions in the United States Congress about their role in the GameStop trading frenzy, at times being cut off by irate policymakers who found their answers wanting. Financial heavyweights including billionaire Republican mega-donor...

Australia to push ahead with media law despite Facebook | Incredible Solutions Tech

Australian Prime Minister Scott Morrison promised on Friday to press ahead with a new law to force Facebook to pay media organisations for their content after a news blackout triggered outrage not only in Australia but in other countries where governments are considering similar laws. Facebook stopped its 13...

Facebook blocks news content in Australia in dispute over new | Incredible Solutions Tech

Facebook has blocked Australian users of its platform from reading and sharing local and international news, stepping up its campaign against government plans to force technology giants to pay publishers for their news content. “The proposed law fundamentally misunderstands the relationship between our platform and publishers who use it...

US investor ‘Roaring Kitty’ sued over GameStop rally | | Incredible Solutions Tech

Keith Gill is accused of misrepresenting himself as an amateur investor and profiting by inflating GameStop’s price. Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and...

Saudi wealth fund plays to win with $3.3bn in video-game stock | Incredible Solutions Tech

The video-game industry has been long favoured by Saudi Crown Prince Mohammed bin Salman, who had said he is part of the first generation in the kingdom to grow up playing video games. Saudi Arabia’s sovereign wealth fund is pursuing investments in an industry long favored by Crown Prince...

Australian broadcaster Nine in Google media deal as new laws | Incredible Solutions Tech

Google reportedly agrees to pay Nine more than $23m a year for its media products in the latest of such deals as Parliament prepares content fee laws. Publisher and broadcaster Nine Entertainment Co Holdings Ltd has agreed on a content-licencing deal with Google, according to one of its newspapers,...

App flap: Twitter’s India troubles give local rival Koo a lift | Incredible Solutions Tech

Koo has a fraction of Twitter’s users but surged recently after endorsements by Indian politicians amid a row between the US site and the Indian government. An Indian alternative to Twitter Inc. is experiencing a surge in popularity after the U.S. microblogging site clashed with the country’s government, a...

Bitcoin tops $50,000 for the first time ever in dizzying rally | Incredible Solutions Tech

The world’s largest cryptocurrency vaulted to over $50,000 early Tuesday morning in New York. Bitcoin blew through another milestone, surging past $50,000 for the first time as the blistering rally in the largest cryptocurrency continues to captivate investors worldwide. The world’s largest cryptocurrency reached about $50,191 as of 7:32...

Copyright spat: Google to pay $76m to French news publishers | | Incredible Solutions Tech

Documents reviewed by Reuters news agency show Google is ready to pay $22m each year to 121 French news publications. Alphabet Inc’s Google has agreed to pay $76m over three years to a group of French news publishers to end a more than year-long copyright spat, documents seen by...

Doge days: Elon Musk and Tesla place double bet on | Incredible Solutions Tech

What does the world’s richest person buy his baby? Cryptocurrency, apparently. Tech magnate and Tesla CEO Elon Musk tweeted the latest in a long string of social media posts boosting the prospects of Dogecoin this week by saying he planned to keep it in the family. “Bought some Dogecoin...

‘Mate! No Google?’ Australia faces life without key search | Incredible Solutions Tech

Imagine a world without Google, the search engine so pervasive it’s the starting point for more than five billion queries a day. That’s the reality facing Australia, where the tech giant is threatening to unplug its homepage in a standoff with the government. Google opposes a planned law that...