TECHNOLOGY

Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing. Mr Yuan, who is also chief executive of the video-conferencing platform, moved roughly 40% of his stake in the company last week. The shares were shown as gifts to unspecified beneficiaries last week. Mr Yuan has seen his ...

Google is failing to do enough to combat fake reviews within its business listings, and must be held to account by a UK watchdog, according to Which? The consumer group set up a fake company and bought bogus five-star reviews as part of an investigation. In doing so, it was able to tie its sham “customers” to dozens of other ...

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,602, and was last up 3.3% at $49,537. It has risen around 72% so far this year, with most of the gains coming after electric ...

The Ghana Chamber of Telecommunications Chamber has challenged the Ghana Revenue Authority and the Communications Minister-designate Ursula Owusu-Ekufu to show proof that any of the telecommunication firms in the country is involved in under-declaration of revenue. It comes after the Minister-designate used the claim as justification for government’s contract with KelniGvG contract at her vetting in Parliament Monday. “If I ...

Amazon founder Jeff Bezos is to step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago. He will become executive chairman, a move he said would give him “time and energy” to focus on his other ventures. Mr Bezos, the world’s richest man, will be replaced by Andy Jassy, who currently ...

Samsung has introduced Galaxy S21 and Galaxy S21+, the latest flagship devices that empower users to express themselves. According to the company “made for the way we live now, Galaxy S21 is loaded with state-of-the-art innovations so you can make the most of every moment.” The new flagship series debuts a head-turning, iconic design, an epic pro-grade camera for users ...

In the early days of the pandemic, manufacturers were hit hard with forced shutdowns, production slowdowns and serious questions about whether companies could navigate the disruptions. Manufacturing indicators had shown early 2020 momentum, but US industrial production in March registered a month-over-month decline of 4.5%, followed by a deeper decline of 11.2% in April. What did increase in 2020, however, ...

Facebook recently asked WhatsApp users to accept its updated terms of service and privacy policy – or else lose access to the app. “As part of the Facebook family of companies, WhatsApp receives information from, and shares information with, this family of companies. We may use the information we receive from them, and they may use the information we share ...

YouTube is suspending President Donald Trump’s channel for at least one week, and potentially longer, after his channel earned a strike under the platform’s policies, the company said Tuesday evening. A recent video on Trump’s channel had incited violence, YouTube told CNN Business. That video has now been removed. YouTube declined to share details of the video that earned Trump ...

The year 2020 may be primarily remembered in history for the global impact of the COVID-19 pandemic. Billions of people have suffered bereavement, illness, hardship, or measures to contain the spread of the new coronavirus strain. Ericsson’s actions this year were aimed at protecting the health and safety of employees, customers, and stakeholders. The pandemic also highlighted the crucial need ...