Tag: tech firms
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US tech firms may crowd out others in euro bond market and raise credit risk
FRANKFURT, Sept 2 : U.S. tech giants are flooding the euro zone bond market to fund huge AI investments, potentially crowding out other borrowers, pushing up financing costs even for governments and raising credit risks, according to a European Central Bank blog post.Tech firms such as Google, Amazon and Micr
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Asian stocks mostly down with tech firms back under pressure
HONG KONG: Most Asian markets sank on Thursday (Aug 6) with tech firms back under pressure after a four-day rebound amid lingering AI worries, while oil rose even as Iran said it was finalising a deal with Oman over
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Analysis:Europe’s established tech firms emerge as unexpected AI winners
August 5 : The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it is some of Europe’s biggest, well-established technology groups that are emerging as AI beneficiaries.SAP, Capgemini, Sopra Steria and OVHcloud have all reported stronger demand, faster growt
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Nigeria to investigate tech firms over news content use
LAGOS, July 7 : Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive practices and unauthorised use of news content, the Federal Competition and Consumer Protection Commission said late on Monday. The FCCPC
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Tech firms in UK must have plan for illegal content spikes during crises like Southport, regulator says
LONDON, June 9 : Tech firms in Britain will need to have plans to respond to surges in illegal content during crises such as the 2024 Southport riots which threaten public safety under strengthened rules set out by the regulator on Tuesday.Nationwide violence broke out two years ago following a knife attack i
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Big tech firms must stop young people circulating nude images, says UK PM Starmer
LONDON, June 8 : Big tech firms operating in Britain must introduce safety measures on children’s phones to prevent them from circulating nude images or they will face legislation forcing them to do so, Prime Minister Keir Starmer said on Monday. Under the new plans, firms like Apple and Google should build o
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