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Monthly Archives: October 2022

Europe telco industry pushes Big Tech to pay for building the internet

Network cables are plugged in a server room. Michael Bocchieri | Getty Images In Europe, the battle between U.S. Big Tech companies and telecommunications firms has reached fever pitch. Telecom groups are pushing European regulators to consider implementing a framework where the companies that send traffic along their networks are …

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Australian borrowers in good shape to weather higher interest rates

Many Australian borrowers are ahead on their mortgage repayments, and this should cushion them from a hard landing as interest rates rise, according to Shayne Elliott, chief executive officer at major Australian bank, ANZ.  The Reserve Bank of Australia has hiked the official cash rate six times in a row …

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Covid cases, controls spread in China

Covid cases and controls have increased in China this month. Pictured here on Oct. 27, 2022, is a neighborhood in Shanghai that’s been fenced in for Covid control. Future Publishing | Future Publishing | Getty Images BEIJING — Covid controls in China have tightened in the last two weeks after …

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Foreign investment funds bet on a U.S.-proof China chip industry

Pictured here is a chip manufacturing plant in Suqian city, East China’s Jiangsu Province, April 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is so far behind the U.S. in semiconductor technology that some investors are betting on startups to fill that gap. The U.S. …

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Ex-Apple and Tesla exec gives tips for building successful business

The opportunity to work for not just one but two tech giants was “very rewarding” for Sukemasa Kabayama.  After a seven-year stint at Lego Japan, he became Apple’s director of education and launched the use of the iPad in Japanese schools.  Then came an opportunity Kabayama said he “couldn’t pass …

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Millennial super-saver earns $135,000 a year and plans to retire by 35

Tanner Firl doesn’t understand why anyone would need a budget. “It never made sense to me,” the 29-year-old tells CNBC Make It. “Most people have a problem not spending money. We have almost the opposite problem.” Firl and his wife, Isabel, who live in Minneapolis, are practically allergic to spending …

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Elon Musk now in charge of Twitter, CEO and CFO have left, sources say

SpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. Adrees Latif | Reuters Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned. Twitter CEO Parag …

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American companies increasingly look outside of China after Covid

Parts of Shanghai have faced intermittent restrictions on business due to Covid controls, even after a broader two-month lockdown ended in June. Vcg | Visual China Group | Getty Images BEIJING — Nearly twice as many U.S. companies cut their investment in China this year versus last year, the American …

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Walmart hiring fewer seasonal workers as more people look for jobs

As the winter holiday season heats up, the seasonal job market appears to be reflecting the regular job market’s current tension, with too many people applying to too few open positions. Searches for seasonal jobs jumped 33% in September compared the previous year, according to an Indeed study published earlier …

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Trump loses court bid to block Congress from getting tax returns

Former U.S. President Donald Trump looks on during a rally in Warren, Michigan, U.S., October 1, 2022. Dieu-nalio Chery | Reutersm Former President Donald Trump on Thursday lost his latest effort in court to block years of his income tax returns be given to the House Ways and Means Committee. …

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