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AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products
BRUSSELS, July 20 : Alibaba’s AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU’s landmark Digital
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Meta faces Tennessee trial over allegations Instagram was designed to be addictive
July 20 : Meta Platforms faces trial in Tennessee on Monday over the state’s claims that Instagram’s design is to blame for a youth mental-health crisis, one of several trials in the coming weeks testing allegations that the company’s social media platforms were intentionally built to be addictive.Tennessee a
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Philippine military says China injured sailor in sea clash
Chinese coast guard personnel struck a Filipino sailor with a baton, said the Philippine military.
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Hut 8 signs $9.8 billion AI data center lease, fully commercializes Texas campus
July 20 : Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully commercializing its 1-gigawatt Beacon Point campus in Texas.Shares of the company, which have nearly doubled this year, rose
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Rohit brushes aside retirement talk, says focus remains on representing India
(Corrects age from 38 to 39 in 2nd para)July 20 : Former India captain Rohit Sharma has dismissed speculation over his international future, saying his sole focus remains on representing the country and contributing to the team’s success.The 39-year-old’s comments came after he struck a blistering 138
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Aston Villa sign Joao Gomes from Wolves
July 20 : Aston Villa have signed midfielder Joao Gomes from Wolverhampton Wanderers, both clubs announced on Monday.The Brazil international has joined Premier League side Villa in a deal worth 34 million pounds ($45.79 million), with a further four million pounds in add-ons, according to British media repor
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Bristol Myers buys Nvidia’s latest AI computing system for drug research
NEW YORK, July 20 : Bristol Myers Squibb said on Monday it is buying the latest-generation computing system from chip company Nvidia to support its use of artificial intelligence across its drug discovery and development operations.The drugmaker said it will be the first life sciences company to buy an Nvidia
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UK government, Bezos back CuspAI’s $450 million round as startup seeks to discover new materials
July 20 : Britain’s CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos’ investment fund, as the startup looks to discover brand-new materials that could advance important industries, including chips. CuspAI also launched AI Materials Foun
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‘New digital corridor’: Singapore, Indonesia say Batam-Changi undersea cable’s arrival will boost ties
The cable, set to be operational in September, will be the shortest and most direct connection between Changi and Nongsa Digital Park in Batam, an emerging digital hub that hosts a growing cluster of data centres and is seen as a digital bridge between the two countries.
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Man’s death during police arrest in Italy leads to street protests
ROME: A man in the northern Italian city of Bologna died while being held to the ground by police trying to arrest him, in an incident captured on video that has sparked street protests and which prosecutors are investigating.Abderrahim Fakir, a Moroccan-born entrepreneur who ran a small removals and cleaning
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