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World Health Organization grants emergency authorization to AstraZeneca’s COVID-19 vaccine
TORONTO (AP) — The World Health Organization has granted an emergency authorization to AstraZeneca’s coronavirus vaccine, a move that should allow the U.N. agency’s partners to ship millions of doses to countries as part of a U.N.-backed program to tame the pandemic. In a statement Monday, the WHO said it was clearing the AstraZeneca AZN, …
The Five Biggest Issues for Technology Companies in 2021
After a year of startling growth, the tech industry faces a more vexing 2021. The pandemic helped bring the world’s tech giants such as Amazon.com Inc. and Microsoft Corp. to new heights in 2020. The shift to online shopping and remote working accelerated at a pace that would have been inconceivable without the coronavirus. But …
Amazon’s Chief Technology Officer Shares His Predictions for 2021
Werner Vogels, Amazon.com Inc.’s chief technology officer, predicts 2021 will see a much broader distribution of the technologies that have been powering big corporations. The shift, which includes connecting more devices to the cloud, and better access to machine learning, builds on recent advances in software and silicon as well as the acceleration of digital …
Tech Giants Face New Rules in Europe, Backed by Huge Fines
European officials want new powers to oversee internal workings at large technology companies such as Facebook Inc., FB -0.56% backed by threats of multibillion-dollar fines, as they seek to expand their role as global tech enforcers. The European Union’s executive arm proposed two bills Tuesday—one focused on illegal content, the other on anticompetitive behavior—that would …
European stocks slump after SAP profit warning and new COVID-19 restrictions
Italian anti-riot policemen clash with demonstrators over measures to fight the spread of COVID-19 in the center of Naples, southern Italy, on October, 24, 2020. carlo hermann/Agence France-Presse/Getty Images European stocks traded lower Monday on a combination of worries, including a profit warning from business software giant SAP, new restrictions on activity in response to …
‘Too Complex to Break Up’ Is the New ‘Too Big to Fail’
Days before, Facebook Inc. produced its own document contending that breaking it up would be a “nonstarter” for a number of reasons, including that the company’s constituent parts are already too complicated and interconnected for any of them—Instagram, WhatsApp, its ad business—to be spun off as individual companies or walled off as separate divisions. “After …
House Panel Says Big Tech Wields Monopoly Power
WASHINGTON—America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. Republicans issued a separate response endorsing strong antitrust enforcement targeting the companies but didn’t endorse …
Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers
The largest mall owner in the U.S. has been in talks with Amazon.com Inc., the company many retailers denounce as the mall industry’s biggest disrupter, to take over space left by ailing department stores. Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores …
White House officials suggest breaking new coronavirus relief package into smaller pieces
White House officials on Sunday again suggested the best way to proceed with coronavirus relief is to split the Democratic $3.4 billion plan into pieces and pass some measures quickly while debate lingers on other items. In an interview on ABC News’ “This Week,” White House Chief of Staff Mark Meadows said he thought Congress …
Here’s the good news and bad news about China GDP data
This photo taken on July 12, 2020 shows residents standing before an inundated pavilion in the swollen Yangtze River in Wuhan in China’s central Hubei province. – Various parts of China have been hit by continuous downpours since June, with the damage adding pressure to a domestic economy already hit by the coronavirus pandemic. (Photo …
