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Technology

Sweden claims largest discovery of ‘crucial’ rare-earth elements in Europe

By Editor Economic Watch
in :  Technology
16 Jan 2023

  SWEDEN, Jan 16  (EW):  While it could take more than a decade to develop, state-owned Swedish mining company LKAB said Thursday it uncovered Europe s largest known deposit of rare-earth elements, elements that are central components for the energy transition. Rare-earth elements, along with lithium and cobalt, are essential for the batteries that power electric vehicles and other low-carbon …


Apple to sign Luxshare for iPhone production in China

By Editor Economic Watch
in :  Technology
5 Jan 2023

  (Reuters) – Apple Inc (AAPL.O) is set to sign up Chinese contract manufacturer Luxshare Precision Industry Co Ltd (002475.SZ) to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources familiar with the matter. Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at …


Amazon gets $8 billion unsecured loan agreement

By Editor Economic Watch
in :  Technology
4 Jan 2023

  Amazon has secured an agreement for $8 billion unsecured loan with certain lenders. The tech giant’s spokesperson has told Reuters that the company had used various financing options to support capital expenditures, debt repayments, acquisitions and working capital needs. The loan will mature in 364 days while there will also be an option to extend for another 364 days. …


Twitter outage hits thousands of users globally

By Editor Economic Watch
in :  Technology
29 Dec 2022

  Twitter suffered a major outage on Wednesday, leaving tens of thousands of users globally unable to access the popular social media platform or use its key features. Downdetector, a website that tracks outages through a range of sources including user reports, showed more than 10,000 affected users from the United States, about 2,500 from Japan and about 2,500 from …


ELON MUSK SAYS HE WILL STEP DOWN AS TWITTER CEO

By Editor Economic Watch
in :  Technology
21 Dec 2022

  Elon Musk said Tuesday he would resign as chief executive of Twitter once he finds a replacement, in apparent response to a poll he launched that suggested users wanted him to step down. Elon Musk has fully owned Twitter since October 27 and has repeatedly courted controversy as CEO, sacking half of its staff, readmitting far-right figures to the platform, suspending journalists …


Unseen galaxies 280 million light years away captured

By Editor Economic Watch
in :  Technology
16 Dec 2022

  NEW YORK, Dec 16 (EW):  A never-before-seen cluster of galaxies which has been captured by one of the Earth s most powerful telescopes – one of the first images released since it was boosted with new technology. Space scientists have released an image after capturing a glimpse into never-before-seen galaxies 280 million lightyears away. The stunning shot is one …


Twitter to hike Blue pricing to $11 for iPhone app users: report

By Editor Economic Watch
in :  Technology
8 Dec 2022

  Twitter plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against Apple’s 30% cut on any payments made by …


NASA’s Orion capsule makes its closest approach to moon

By Editor Economic Watch
in :  Technology
6 Dec 2022

  The uncrewed Orion capsule of NASA’s Artemis I mission sailed within 80 miles (130 km) of the lunar surface on Monday, achieving the closest approach to the moon for a spacecraft built to carry humans since Apollo 17 flew half a century ago. The capsule’s lunar flyby, on the return leg of its debut voyage, came a week after Orion …


Elon Musk says Apple never considered removing Twitter from App Store

By Editor Economic Watch
in :  Technology
1 Dec 2022

  Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc’s App Store was resolved following his meeting with the iPhone maker’s Chief Executive Tim Cook. “Tim was clear that Apple never considered doing so,” the billionaire CEO of Twitter and Tesla said in a tweet. On Monday, Musk had accused Apple of threatening …


Self-driving lorries hit the road in Sweden

By Editor Economic Watch
in :  Latest, Technology
30 Nov 2022

  SODERTALJE, Nov 30 (AFP):  Barrelling down a motorway south of Stockholm in a 40-tonne lorry and trailer, the driver keeps a careful eye on the road but, jarringly, no hands on the wheel. Instead, the truck drives itself, and veteran driver Roger Nordqvist is at the ready only in case of unexpected problems. Swedish truck maker Scania is not …


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