Latest Technology News and Reviews

'Genshin Impact' publisher settles US charges of violating children's privacy

Cognosphere, the publisher of anime-style fantasy video game "Genshin Impact," has agreed to pay $20 million to settle U.S. Federal Trade Commission allegations that the company violated a children's privacy law. It will also block children under age 16 from making in-game purchases without parental consent as part of the settlement, the FTC said. The FTC accused Singapore-based Cognosphere of unfairly marketing loot boxes to children that obscured real costs and misled all players about the odds of obtaining prizes.

Exclusive-Argentina negotiating gas imports from Bolivia, Chile as heat wave stokes demand

Bolivia and Chile are in talks to restart gas exports to Argentina amid a surge in demand spurred by a summer heat wave, underscoring the challenge for the government in Buenos Aires as it looks to become energy self-sufficient. "We are in a negotiation with Argentina to create a spot contract," the chief of Bolivia's state-run energy firm YPFB, Armin Dorgathen Tapia, told Reuters on Friday by phone. Chilean authorities on Friday also said in a statement to Reuters that they expect to reach a new agreement with Argentina to supply the country's remote north.

Biden’s Chips Team Hands Off $52 Billion Program to a Skeptical Trump

(Bloomberg) -- President Joe Biden’s $52 billion bid to transform the domestic chip industry — one of the most ambitious pieces of US industrial policy since World War II — is about to enter a pivotal stage: life under a new administration. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC May

US drillers cut oil and gas rigs to lowest since Dec 2021, Baker Hughes says

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. Baker Hughes said this week's decline puts the total rig count down 40 rigs, or 6% below this time last year. Baker Hughes said oil rigs fell by two to 478 this week, their lowest since November, while gas rigs also fell by two to 98, their lowest since September.

What could happen to your TikTok app on Sunday

What happens on your smartphone once a US law banning TikTok takes effect Sunday? It will depend on the actions of TikTok parent ByteDance, President Joe Biden, President-elect Donald Trump, and some of America's largest tech giants.

SLB says its Russia business aligns with new US sanctions as revenue drops

HOUSTON/WASHINGTON (Reuters) -Oilfield service provider SLB on Friday said its current business in Russia still aligns with U.S. sanctions issued this month, but that revenue in the country was declining. The world's largest oilfield service company is one of the few Western firms to remain in Russia after its 2022 invasion of Ukraine. SLB is under pressure to leave Russia after the U.S. Treasury Department on Jan. 10 issued new sanctions that included adjusting an executive order to cut off Russia's access to U.S. services related to the extraction and production of crude oil and other petroleum products.

TikTok loses Supreme Court battle to stop US ban

The Supreme Court upheld a US law that bans TikTok on Jan. 19 unless it is sold to an owner not controlled by a foreign adversary, a ruling that creates new uncertainty for a social-media app used by 170 million Americans.

Microsoft’s Stock Revival Hinges on Showing Growth From AI Binge

(Bloomberg) -- Microsoft Corp. has plowed tens of billions of dollars into artificial intelligence. With its stock struggling, the key question is how quickly those investments can prove to be successful. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage

SLB boosts dividend and buybacks, but warns of oil oversupply

Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit beat expectations, while also warning of flat 2025 revenue due to an oil oversupply. The world's largest oilfield services company increased its quarterly dividend by 3.6%, and said it would buy back $2.3 billion of shares at an "accelerated" pace. First-quarter and full-year revenue would largely be unchanged from the same periods last year, as excess oil supply limits oilfield activity, the company said.

Morning Bid: Waller and Bessent help peg back Treasury yields

Salvos from a Federal Reserve governor and the incoming Treasury Secretary helped nail down this week's inflation-inspired retreat in worrisome U.S. Treasury yields before Donald Trump's inauguration as president on Monday. Two-year Treasury yields hit their lowest level since Jan. 2 - a punchy 20 basis points off Monday's peaks - after Fed board governor Christopher Waller on Thursday held out the chance of three or four interest rate cuts this year. Not unlike a similar forecast from Bank of England policymaker Alan Taylor the previous day, the unusually dovish take from Waller suggested twice as much easing this year than currently priced into futures markets.

The tech CEO PDA for Trump is all about defense: Morning Brief

Numerous tech CEOs are lining up to kiss the ring of the incoming president. But getting in Trump's good graces isn't just about getting what you want. It's about avoiding trouble.

UK court throws out jailed Russian mogul's $14 billion lawsuit against TPG, Transneft

LONDON (Reuters) -U.S. private equity firm TPG and Russian state-owned firms Rosatom and Transneft on Friday won their bid to block jailed tycoon Ziyavudin Magomedov's $14 billion London lawsuit over an alleged conspiracy to strip his assets. Magomedov sued the companies and several others at London's High Court, alleging his 2018 arrest on embezzlement charges prompted a Russian state-supported scheme to strip him of his holdings in valuable port operators. The defendants all denied the allegations and last year argued that the lawsuit should be thrown out, with TPG's lawyers accusing Magomedov of concocting "preposterous allegations".

KKR to Invest in Mideast Data Firm Amid Soaring Digital Demand

(Bloomberg) -- KKR & Co. is set to buy a stake in one of the Middle East’s largest data center firms as the energy-rich region emerges as a top investment destination for global funds and as demand for digital infrastructure skyrockets. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral

Analysis-China's vast refining sector faces shakeout as fuel demand peaks

Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to wring out inefficiency begins to squeeze older and smaller plants. Tighter U.S. sanctions enforcement under the incoming Trump administration could send more plants into the red and accelerate shutdowns by halting access to cheap crude from the likes of Iran, industry players and analysts say. The world's second-largest refining industry has long been plagued by excess capacity after expanding to capitalise on three decades of rapid demand growth.

Global diesel prices spike as US hits Russia with new sanctions

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data. The United States imposed its toughest sanctions on Russian producers and tankers yet on Jan. 10 to curb the world's No. 2 oil exporter's revenue for its war in Ukraine. Refiners in those countries have benefited from cheap Russian imports that were banned in Europe following Moscow's invasion of Ukraine.

Infosys Shares Drop as Investors Question Pace of IT Recovery

(Bloomberg) -- Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage Displa

Oil prices dip but post 4th straight weekly gain on US sanctions

HOUSTON (Reuters) -Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures dipped 50 cents, or 0.6%, at $80.79 per barrel, but gained 1.3% this week. U.S. West Texas Intermediate crude futures lost 80 cents, or 1%, at $77.88 a barrel, having climbed 1.7% for the week.

South Korean nuclear power plant operator agrees with US Westinghouse to end dispute, utility says

South Korea's nuclear power plant operator Korea Hydro & Nuclear Power and state utility Korea Electric Power Corp (KEPCO) have reached an agreement with United States' Westinghouse to end their intellectual property dispute, KEPCO said on Friday. They also agreed to strengthen cooperation in the global nuclear power plant market, KEPCO said in a statement.

Colonial Pipeline expects main gasoline artery to restart on Friday

(Reuters) -Colonial Pipeline has made progress in identifying the source of a leak on its main gasoline artery and estimates Line 1 will restart on Friday, earlier than previous expectations, the company said on Thursday. Line 1, one of two mainlines on the more than 5,500-mile (8,850-km) Colonial system, was shut on Monday night after Colonial received reports of a gasoline release in Paulding County, Georgia. The company earlier expected the line, which supplies about half of the U.S. East Coast's demand for motor fuel, would remain shut through Friday.

Why Trump saving TikTok isn't so legally simple

President-elect Donald Trump is reportedly mulling unconventional ways to save TikTok from an impending US ban, including an executive order. Doing so could mean facing some serious legal hurdles.

Microsoft Bets Office Subscribers Will Pay 30% More for AI Tools

(Bloomberg) -- Microsoft Corp. is raising the price of its package of Office apps for consumers, a bet that subscribers will be willing to cough up more for access to new artificial intelligence tools.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage Disp

Nvidia CEO Will Miss Trump Inauguration, Unlike Many Tech Peers

(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang is expected to miss the inauguration of President-elect Donald Trump on Jan. 20, bucking a trend among high-profile US technology leaders. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage D

Legal AI Startup Harvey Set to Double Valuation to $3 Billion

(Bloomberg) -- Sequoia Capital is in talks to lead a $300 million funding round for artificial intelligence startup Harvey, a deal that would value the company at $3 billion, according to people familiar with the matter. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Lands

How TikTok's demise could boost Meta, YouTube, and other rivals

TikTok's loss could be its rivals' gain if the app is banned in the US.

AI watch: As his presidency winds down, Joe Biden aims to preserve the US lead over China

President Joe Biden’s final days in office were all about cementing the United States’ well established lead over China in the market for artificial intelligence.

Why the tech industry is cozying up to Trump the second time around

The tech industry is going all in on Trump for his second term, starting with his inauguration.

TSMC’s Upbeat Outlook Fuels Hopes for 2025 AI Spending

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. projected quarterly sales and capital expenditure ahead of analysts’ estimates, fueling hopes that spending on AI hardware should remain resilient in 2025.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garb

Mubadala, Getir Founders Clash in Renewed Fight Over Assets

(Bloomberg) -- The latest round in the power struggle between the founders of Turkey’s quick grocery delivery startup Getir BV and its main investor Mubadala Investment Co. is set to come to a head in Amsterdam this weekend.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly La

Cosan unloads Vale stake to reduce debt, blames high interest rates

SAO PAULO (Reuters) -Brazilian conglomerate Cosan has sold some 173 million shares it owned in Vale, it said on Thursday, unloading a stake that made it an important shareholder of the mining giant as it looks to reduce debt. Cosan, which did not disclose financial details, said in a securities filing that its decision to sell the stake of roughly 4.05% in Vale was "based solely on the goal of optimizing its capital structure." According to a source familiar with the transaction, Cosan raised around 9 billion reais ($1.5 billion) with the sale, allowing it to reduce its debt by 40% to some 14 billion reais.

Italy's data centres to add 10 billion euros investments in 2025-26, report says

Investments into Italy's data centres will double to 10 billion euros ($10.3 billion) in the 2025-2026 period compared with the previous two years as technology heavyweights roll out spending plans, a research hub of Milan Polytechnic University said on Thursday. Italy is looking to attract investments from heavyweight technology firms, which are keen to boost their cloud capacity to meet growing AI-driven demand. Last year Microsoft announced a plan to invest 4.3 billion euros in Italy to develop its cloud network there.

China Begins Probe Into US Chip Grants, Alleged Dumping

(Bloomberg) -- China will investigate allegations that the US dumps lower-end chips and unfairly subsidizes its own chipmakers, in potentially one of Beijing’s strongest retaliatory moves against American technology sanctions.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly

Morning Bid: Inflation relief and bumper bank earnings

Wall Street's best day of the year so far was rooted in inflation relief and a boom in bank stocks reporting bumper earnings, with a retail readout up next on Thursday. After Tuesday's sub-forecast producer price data, the December consumer price index also surprised and the annual 'core' CPI inflation rate showed disinflation resuming. With key price components on shelter and services better behaved, the 6-month annualised core CPI rate is now back below the Federal Reserve's 2% target to its lowest in four years.

US announces nearly $23 billion in loans to energy utilities across 12 states

The financing, if finalized, will come through the energy infrastructure reinvestment program at the department's Loan Programs Office (LPO) created under President Joe Biden's signature climate legislation, the Inflation Reduction Act. The program guarantees loans to projects that retool or replace energy infrastructure that has stopped operating or that enables reductions in emissions blamed for global warming.

EU Needs Deregulation to Keep Up with Trump, Ericsson CEO Says

(Bloomberg) -- Ericsson AB’s head urged European politicians to cut red tape in the technology and telecommunications sectors to avoid a widening gap with the US that he said will likely get worse under incoming US President Donald Trump. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayor

Japan Chip Tool Makers Turn Cautious on China Uncertainty

(Bloomberg) -- Japanese chip gear makers trimmed their revenue forecast for fiscal 2025, citing fears of a slowdown in spending in China as well as by makers of automotive and power chips.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage Displays Uganda's

Investors Seek $5 Billion for Basketball League to Rival NBA

(Bloomberg) -- A group of investors being advised by Maverick Carter, Los Angeles Lakers star LeBron James’ business partner, is seeking to raise $5 billion from private capital sources to form an international basketball league to rival the National Basketball Association, according to people familiar with the matter. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for

Tencent Stake in Skydance-Paramount Draws Lawmaker Scrutiny

(Bloomberg) -- CBS owner Paramount Global’s merger with film and TV producer Skydance Media should be reviewed by federal authorities because of the participation of China’s Tencent Holdings Ltd., which was recently added to a US military blacklist, a key member of Congress said.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ac

Trump, Musk Discuss AI, Cybersecurity With Microsoft CEO

(Bloomberg) -- Microsoft Corp.’s Satya Nadella discussed AI and cybersecurity during a meeting with US President-elect Donald Trump and Elon Musk, becoming the latest tech industry chieftain to make overtures to the new administration.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral R

Why a Lucrative TSMC Arbitrage Trade Is Too Dangerous for Hedge Funds

(Bloomberg) -- In theory, it’s one of the financial world’s juiciest arbitrage trades: shares of Taiwan Semiconductor Manufacturing Co. fetch far higher prices in New York than they do in Taipei.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage Displays U

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Chevron interested in Greek hydrocarbon exploration, says energy ministry

Czech billionaire Kretinsky's EPH joins suitors for Uniper, sources say

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

Trump’s Volatile New Memecoin Sucks Flows, Saps Wider Crypto Market

China's crude oil imports from top supplier Russia reach new high in 2024

TikTok says 'in the process of restoring service' after going dark in US, citing Trump 'clarity'

What could happen to your TikTok app on Sunday

TikTok loses Supreme Court battle to stop US ban

The tech CEO PDA for Trump is all about defense: Morning Brief

Why Trump saving TikTok isn't so legally simple

How TikTok's demise could boost Meta, YouTube, and other rivals

AI watch: As his presidency winds down, Joe Biden aims to preserve the US lead over China

Why the tech industry is cozying up to Trump the second time around

Rigetti Computing CEO after a 48% spike in stock price: We have to tamp down expectations

Trump wants to 'save' TikTok. One rescuer could be Elon Musk.

Paytm Sales Drop for Fourth Straight Quarter After Curbs

Rakuten Billionaire Defends Costly Mobile Foray With Big AI Bet

Oil slips as investors eye Trump move on Russian export curbs

Obscure Pentagon Watchlist Offers Blueprint for China Sanctions

TikTok says 'in the process of restoring service' after going dark in US, citing Trump 'clarity'

US FTC finalizes consent order for $53 billion Chevron-Hess merger

'Genshin Impact' publisher settles US charges of violating children's privacy

Exclusive-Argentina negotiating gas imports from Bolivia, Chile as heat wave stokes demand

Biden’s Chips Team Hands Off $52 Billion Program to a Skeptical Trump

US drillers cut oil and gas rigs to lowest since Dec 2021, Baker Hughes says

What could happen to your TikTok app on Sunday

SLB says its Russia business aligns with new US sanctions as revenue drops

TikTok loses Supreme Court battle to stop US ban

Microsoft’s Stock Revival Hinges on Showing Growth From AI Binge

SLB boosts dividend and buybacks, but warns of oil oversupply

Morning Bid: Waller and Bessent help peg back Treasury yields

The tech CEO PDA for Trump is all about defense: Morning Brief

UK court throws out jailed Russian mogul's $14 billion lawsuit against TPG, Transneft

KKR to Invest in Mideast Data Firm Amid Soaring Digital Demand

Analysis-China's vast refining sector faces shakeout as fuel demand peaks

Global diesel prices spike as US hits Russia with new sanctions

Infosys Shares Drop as Investors Question Pace of IT Recovery

Oil prices dip but post 4th straight weekly gain on US sanctions

South Korean nuclear power plant operator agrees with US Westinghouse to end dispute, utility says

Colonial Pipeline expects main gasoline artery to restart on Friday

Why Trump saving TikTok isn't so legally simple

Microsoft Bets Office Subscribers Will Pay 30% More for AI Tools

Nvidia CEO Will Miss Trump Inauguration, Unlike Many Tech Peers

Legal AI Startup Harvey Set to Double Valuation to $3 Billion

How TikTok's demise could boost Meta, YouTube, and other rivals

AI watch: As his presidency winds down, Joe Biden aims to preserve the US lead over China

Why the tech industry is cozying up to Trump the second time around

TSMC’s Upbeat Outlook Fuels Hopes for 2025 AI Spending

Mubadala, Getir Founders Clash in Renewed Fight Over Assets

Cosan unloads Vale stake to reduce debt, blames high interest rates

Italy's data centres to add 10 billion euros investments in 2025-26, report says

China Begins Probe Into US Chip Grants, Alleged Dumping

Morning Bid: Inflation relief and bumper bank earnings

US announces nearly $23 billion in loans to energy utilities across 12 states

EU Needs Deregulation to Keep Up with Trump, Ericsson CEO Says

Japan Chip Tool Makers Turn Cautious on China Uncertainty

Investors Seek $5 Billion for Basketball League to Rival NBA

Tencent Stake in Skydance-Paramount Draws Lawmaker Scrutiny

Trump, Musk Discuss AI, Cybersecurity With Microsoft CEO

Why a Lucrative TSMC Arbitrage Trade Is Too Dangerous for Hedge Funds