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User's Precise Location Is Never Shared, Claims Instagram

Instagram has denied viral claims that location markings on content can reveal users' exact locations. According to viral posts and videos, a "precise location" toggle in iOS and Android app location settings could share someone's exact location with other Instagram users.   According to...

Using Satellites, SpaceX And T-Mobile Hope To End "Dead Zones"

The goal of SpaceX and T-Mobile is to beam cell service to "most places in the US," which would include some of the most remote regions that have historically been unreachable by wireless connectivity.   The plan is to use Starlink, a satellite-based internet service operated by SpaceX, to...

How Allegations Made By A Whistleblower Have Affected Twitter

Peiter "Mudge" Zatko, the former head of security at Twitter, filed an explosive whistleblower disclosure, and in the days since those initial reports, the company has had to deal with increased legislative scrutiny, a decline in its stock price, and increased uncertainty in its high-stakes legal...

Russian Branches Of Citibank Will Close Down

The US bank Citigroup will leave Russia in protest of the war in Ukraine by closing all of its remaining branches and consumer banking operations there. The decision, which has an impact on 2,300 employees in the nation, comes after Western companies left the country due to the conflict.  ...

Dell Forecasts Lower Revenue Spooking Investors

Dell Technologies Inc.'s shares fell 8 per cent in extended trading on Thursday as it echoed the same sentiments as rivals when it forecast a slowdown because of expected lower spending by consumers and businesses due to consistent high rates of inflation and the...

Like-For-Like Sales At British Supermarket Asda Fell In The Second Quarter

In light of the cost-of-living emergency, British supermarket chain Asda reported lower like-for-like sales in the three months ending in June but claimed that sales had since increased.   Even though like-for-like sales, excluding fuel, fell 1.9% year over year in the three months ending...

Xiaomi And BAIC Holding Negotiations To Make Electric Vehicles - Bloomberg

As it struggles to obtain a licence to manufacture cars on its own, smartphone maker Xiaomi Corp is considering a production partnership with Beijing Automotive Group Co (BAIC) to produce electric vehicles (EVs), according to a Friday report by Bloomberg News.   Since state planners have...

Whistleblower On Twitter Expresses Security Concerns

A former Twitter security chief turned whistleblower testified in court that the company misled customers and US regulators about security flaws. Peiter Zatko also asserted that Twitter miscalculated the number of phoney and spam accounts that were present on its network.   The allegations...

Repsol Will Be Sued By Peru For A $4.5 Billion Oil Spill

The consumer protection agency of Peru is suing the Spanish oil company Repsol for a massive oil spill that occurred off the coast of Lima in January and stained the beaches there. More than 10,000 barrels of oil leaked into the Pacific Ocean during the spill, which Peru described as the worst...

Pandemic "Existential Crisis" Is Over, According To Qantas

Despite reporting annual losses for the third consecutive year, the national carriers of Australia and New Zealand claim that the worst of the coronavirus crisis is now behind them. With the pandemic's "existential crisis now over," according to Qantas, demand is rising.   Since March, Air...

China's Huawei To Shift Focus On Bettering Cash Flow, And Survival In Downturn According To Company Founder

With the global economy getting into a prolonged period of recession, the founder of China's embattled tech giant Huawei Technologies has informed the company employees that the firm's focus should change from pushing for scale to ensuring making and...

China's JD.Com Surpasses Market Estimates For Quarterly Revenue

JD.com Inc. surpassed Wall Street expectations for quarterly revenue on Tuesday as China's coronavirus shutdown bolstered online shopping and the firm's "618" shopping festival.   In pre-market trading, stocks of the Beijing-based e-commerce behemoth increased by almost 7 per cent....
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