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Social media company Reddit rides high in IPO
Social media company Reddit rides high in IPO
by  AFP

The Reddit social network said Wednesday it had priced at the top of its expected range ahead of going public on the New York Stock Exchange, in a sign of enthusiasm by investors. With easy financing scarce, Silicon Valley is seeing a dearth of companies ready to make the big leap to go public, with Pinterest being the last social media company to do so in 2019.

Biden unveils almost $20 bn for Intel to boost US chip production
Biden unveils almost $20 bn for Intel to boost US chip production
by  AFP

US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants -- his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achievements over election rival Donald Trump.

Rising scourge of e-waste a 'catastrophe' for environment: UN
Rising scourge of e-waste a 'catastrophe' for environment: UN
by  AFP

The world threw away a record amount of smartphones, televisions and other electrical devices in 2022, the UN said Wednesday, warning this avalanche of dumped gadgets was polluting the planet. This includes small everyday items like e-cigarettes and tablets, household appliances like electric toothbrushes and toasters, and larger items like television screens and electric bikes and scooters.

French regulator hits Google with 250-mn-euro fine
French regulator hits Google with 250-mn-euro fine
by  AFP

French regulators said Wednesday they were fining Google 250 million euros ($272 million) for breaching commitments on paying media companies for reproducing their content online and using their material for its AI chatbot without telling them.

Apple CEO in China ahead of Shanghai store opening
Apple CEO in China ahead of Shanghai store opening
by  AFP

Apple CEO Tim Cook was on a China charm offensive Wednesday ahead of a new flagship Shanghai store opening, weeks after a report suggested the company's sales in the country slumped at the start of 2024. A recent Counterpoint Research report said iPhone sales in China fell nearly a quarter year-on-year over the first six weeks of 2024.

El Salvador's 'Bitcoin Beach' cheers cryptocurrency surge
El Salvador's 'Bitcoin Beach' cheers cryptocurrency surge
by  AFP

In a surf town in El Salvador nicknamed "Bitcoin Beach," shopkeeper Maria Aguirre watched with delight as the cryptocurrency -- and her investment in it -- recently soared to new all-time highs. But not everyone in El Salvador is convinced by the cryptocurrency.

Nvidia expects no 'doomsday' in US vs China tensions
Nvidia expects no 'doomsday' in US vs China tensions
by  AFP

Nvidia chief Jensen Huang said Tuesday he does not expect a "doomsday scenario" but is readying for the worst over tension between China and the United States. "The doomsday scenario is not likely to happen.

Pakistan interior minister urges new laws for online speech
Pakistan interior minister urges new laws for online speech
by  AFP

Pakistan's new interior minister said Tuesday the country needed better laws to regulate internet free speech, as disruption of social media platform X stretched into its fifth week. "We need to make better laws," Interior Minister Mohsin Naqvi said when asked whether his ministry was responsible for the X shutdown.