In a significant legal development, Uber has agreed to a substantial settlement of A$271.8 million ($178.3 million; £140 million) in response to a class action lawsuit in Australia, brought forward by Maurice Blackburn Lawyers on behalf of over 8,000 taxi and hire car operators and drivers. This lawsuit was rooted in claims of income loss…
Global News
Internet Connectivity Challenges Across the African Continent Africa has been grappling with significant internet disruptions, affecting several countries, including South Africa, Nigeria, Ivory Coast, Liberia, Benin, Ghana, and Burkina Faso. Initially reported last Thursday, the outages caused considerable inconvenience, leaving millions without reliable internet service. Although services have been mostly restored in Liberia and South…
Xiaomi, a leading Chinese technology firm, will make its debut in the automotive industry with the delivery of its first electric vehicle (EV) later this month. The announcement, scheduled for March 28, will reveal the pricing details of the eagerly anticipated vehicle. Known for its prominence in the smartphone industry as China's fifth-largest manufacturer, Xiaomi…
Reddit, the widely used social media platform, is targeting a valuation of up to $6.4 billion as it prepares to offer its shares to the public next week. The company plans to list on the New York Stock Exchange, but it has not yet made a profit. According to a U.S. filing, Reddit seeks to…
Apple has announced plans to facilitate a smoother transition for users switching from iOS to Android in response to the EU's Digital Markets Act (DMA), which took effect today. The move, part of a broader compliance strategy with the new legislation, includes support for third-party app stores rev, used terms for EU developers and enhanced…
The leading cryptocurrency recently achieved a record-breaking milestone by reaching an unprecedented value of over $69,000. This surpasses its peak in November 2021 before experiencing a decline to $16,500 in 2022. The resurgence in Bitcoin's price is attributed to significant investment from U.S. financial powerhouses. Carol Alexander, a finance professor at Sussex University, believes Bitcoin's price…
The European Union has imposed a €1.8 billion fine on Apple for violating competition laws in the music streaming sector. According to the European Commission, the tech giant was found to have restricted streaming services from directing users to payment options outside its App Store. Margrethe Vestager, the Competition Commissioner, highlighted Apple's decade-long abuse of…
Meta, the conglomerate behind Facebook and Instagram, has formed a specialised team to combat deceptive artificial intelligence (AI) content during the upcoming EU elections in June. This move reflects growing concerns about the potential misuse of generative AI technologies, which can create convincing fake videos, images, and audio to mislead voters. The announcement coincides with…
