PayPal set to allow cryptocurrencies on its network

PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network. The new service makes PayPal one of the largest U.S. companies to provide consumers access to cryptocurrencies, which could help bitcoin and… Read More PayPal set to allow cryptocurrencies on its network

U.S. Justice Department files anti-trust lawsuit against Google

The U.S. Justice Department and 11 states filed an antitrust lawsuit against Alphabet Inc’s Google on Tuesday for allegedly breaking the law in using its market power to fend off rivals. Google, whose search engine is so ubiquitous that its name has become a verb, had revenue of $162 billion in 2019, more than the… Read More U.S. Justice Department files anti-trust lawsuit against Google

Sweden bans use of Huawei, ZTE equipment in 5G networks

Swedish regulators on Tuesday banned the use of telecom equipment from China’s Huawei and ZTE in its 5G network ahead of the spectrum auction scheduled for next month. The Swedish Post and Telecom Authority (PTS) said here the setting of the licence conditions followed assessments by the Swedish Armed Forces and security service. European governments… Read More Sweden bans use of Huawei, ZTE equipment in 5G networks

Thailand suspends online TV station over coverage of protests

A Thai court on Tuesday ordered the suspension of an online TV station critical of the government, which has accused it of violating emergency measures aimed at ending three months of protests. Voice TV had also been found to have breached the Computer Crime Act by uploading “false information,” digital ministry spokesman Putchapong Nodthaisong told… Read More Thailand suspends online TV station over coverage of protests

Apple ventures into 5G race with launch of iPhone 12 series

Apple Inc on Tuesday launched its next-generation iPhone 12, with faster 5G connectivity that the Cupertino, California company hopes will spur a wave of upgrades and keep its sales booming through the end of the year. The core of the line-up, the iPhone 12 with a 6.1-inch display, will sell for $799, while a ‘Mini’… Read More Apple ventures into 5G race with launch of iPhone 12 series

U.S. indicts anti-virus software creator John McAfee on tax evasion charges

Federal prosecutors unsealed an indictment on Monday against John David McAfee, creator of the eponymous anti-virus software, over charges that he evaded taxes and willfully failed to file tax returns. The U.S. Justice Department announced the charges shortly after the Securities and Exchange Commission revealed it had brought civil charges against McAfee, alleging that he… Read More U.S. indicts anti-virus software creator John McAfee on tax evasion charges

Tesla set to acquire German battery assembly company ATW Automation

Tesla Inc has agreed to acquire German ATW Automation, a supplier assembling battery modules and packs for the auto industry, a source familiar with the transaction said on Friday. ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc, was on the brink of liquidation due to a slump in orders, German media reported in… Read More Tesla set to acquire German battery assembly company ATW Automation