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Regret and blame in Silicon Valley after bank run
Regret and blame in Silicon Valley after bank run
by  AFP

The nearly overnight collapse of Silicon Valley Bank has left the US tech scene in shock, wondering how one of its most valued institutions could vanish so suddenly, shunned by the companies that used it most. "I think the ripple effects of this in Silicon Valley are going to be felt for the next decade," Ives said. arp-juj-leb/caw/dw

California court upholds Uber drivers being contractors
California court upholds Uber drivers being contractors
by  AFP

A California appeals court on Monday upheld a state law letting Uber, Lyft and other app-based, on-demand companies treat drivers as independent contractors rather than employees. The labor legislation heavily backed by Uber, Lyft and other app-based, on-demand services effectively overturned a California law requiring them to reclassify their drivers and provide employee benefits.

China lifts sweeping visa curbs on foreigners
China lifts sweeping visa curbs on foreigners
by  AFP

China will once again start issuing a range of visas to foreigners as of Wednesday, the country's embassy in Washington said, a major easing of travel restrictions in force since the outbreak of the Covid-19 pandemic.

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