Website creator Wix raises 2023 estimates after large Q2 beat
Wix.com (WIX.O), which helps small businesses build and operate websites, swung to a net profit in the second quarter that was more than double forecasts and raised estimates ...
Musk’s X to pay legal bills of people ‘unfairly treated’ for posting on platform
Elon Musk has said his X social media platform will pay the legal bills and sue on the behalf of people who have been treated unfairly by employers because of ...
New tech for old buildings means gains for the wallet and climate
“Smart” technologies in homes reduce energy use and bills, prompting stepped-up European research in the field.
By Helen Massy-Beresford
They may lack the environmental wow factor of switching to an ...
Companies double down on AI in June-quarter analyst calls
It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter.
S&P 500 (.SPX) companies ...
PayPal stock drops as weak margins fan growth fears
Shares of PayPal Holdings (PYPL.O) fell more than 8 per cent in premarket trading earlier this week as weak second-quarter margins at the digital payments firm overshadowed a strong forecast.
...
Ancient whale from Peru may be most massive animal ever on Earth
Move over, blue whale. There is a new contender for the most massive animal in Earth’s history.
Scientists on Wednesday described fossils of an early whale unearthed in Peru ...
Meta releases AudioCraft AI tool to create music from text
Meta Platforms (META.O) this week introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts.
The AI tool is ...
Taiwanese giant Foxconn’s growing interest in India
Foxconn (2317.TW) has rapidly expanded its presence in India by investing in locations in the south of the country for its manufacturing facilities, as the Taiwanese giant seeks to move ...
EV startups burn through more cash as demand falters
US electric vehicle startups are expected to show the impact of Tesla’s price war when they report quarterly results over the next few days, with investors awaiting details on ...
Tesla faces California class action on its EV range claims
Three Tesla (TSLA.O) owners in California on Wednesday sued the automaker in a proposed class action that accuses the company of falsely advertising the estimated driving ranges of its ...
Cyprus research ecosystem to benefit from €6 million scheme
In an effort to bolster the local research and innovation landscape, the Research and Innovation Foundation (R&I Foundation) on Thursday unveiled a new funding scheme worth €6 million.
The ...
Why fully autonomous UAVs are still the future, but approaching reality
By Oleg Krot
In old sci-fi movies about the 2020s, fully autonomous robots do everything without human operators: guard objects, transport passengers, prepare food and even raise children. However, the 2020...
Toyota revamps iconic Land Cruiser with hybrid version
Toyota (7203.T) on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a ...
Amazon to invest $7.2 billion in Israel, launches AWS cloud region
Amazon.com (AMZN.O) said this week that it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country.
...
Apple, Microsoft remain world’s top 2 companies by market cap
Tech giants Apple (AAPL.O) and Microsoft (MSFT.O) remained the top two global companies by market capitalisation at the end of July after riding this year’s rally in ...
Europe looks to virtual factories in new industrial revolution
EU manufacturers are increasingly embracing digital technologies to improve agility.
By Helen Massy-Beresford
A plant that makes electric shavers in the northern Dutch town of Drachten is gearing up for ...
Self-healing metal? It’s not just the stuff of science fiction
In the 1991 film “Terminator 2: Judgment Day,” a malevolent time-traveling and shape-shifting android called T-1000 that was made of liquid metal demonstrated a unique quality. Hit with blasts or bullets, its ...
Musk’s X social media platform reinstates Kanye West’s account
Social media platform X reinstated account of Ye, the artist formerly known as Kanye West, on Saturday, after it was suspended nearly eight months ago because the rapper had violated ...
Germany earmarks 20 billion euros in subsidies for chip industry
Germany plans to invest around 20 billion euros ($22.15 billion) in the semiconductor industry in the coming years, the economy ministry said on Tuesday, as it seeks to attract global chipmakers to ...
Cypriot tech expert wants to empower young professionals
Properly training young Cypriot technology professionals is of vital importance, as they are necessary to help protect the digital assets of both public and private organisations on the island, according ...
Big Tech looks to turn the corner on cloud as AI focus stays strong
US tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup ...
In challenge to Tesla, automakers launch US EV charging network
Seven major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the US, in a challenge to Tesla (TSLA.O) and a bid ...
Samsung to extend production cuts after $7 billion loss
Samsung Electronics (005930.KS) on Thursday said the worst is over for the global memory chip market but announced plans to extend production cuts because a demand recovery is largely constrained ...
Government servers to be relocated by October
By October government servers damaged by a water leak in April will be relocated to premises operated by the Cyprus Telecommunications Authority (CyTA), the deputy minister of research said on ...