The World Bank has halted funding for projects in Afghanistan after the Taliban seized control of the country. It cited concerns over how the Taliban’s takeover will affect “the country’s development prospects, especially for women”. The move comes just days after the International Monetary Fund (IMF) suspended payments to Afghanistan. The Biden administration has also […]
Toyota is to slash worldwide vehicle production by 40% in September because of the global microchip shortage. The world’s biggest carmaker had planned to make almost 900,000 cars next month, but has now reduced that to 540,000 vehicles. Volkswagen, the world’s second-biggest car producer, has warned it may also be forced to cut output further. […]
Technology giant Amazon’s TV and film business is moving production of its multi-million dollar Lord of the Rings series to the UK from New Zealand. The as-yet-untitled fantasy epic is set thousands of years before the events in JRR Tolkien’s books The Hobbit and The Lord of the Rings. The company said the move was […]
By Joe Tidy Cyber security reporter, BBC News A hacker who stole just over $600m (£433m) worth of cryptocurrency has now returned most of the stolen assets. On Thursday, Poly Network confirmed on Twitter that $268m worth of Ether tokens had now been recovered. Over the last 24 hours, the hacker has returned $342m worth of tokens […]
By Mary-Ann Russon Business reporter, BBC News The hacker behind one of the largest ever cryptocurrency heists has returned almost half of the $600m (£433m) stolen assets. Yesterday, blockchain platform Poly Network wrote a letter on Twitter, asking the individual to get in touch “to work out a solution”. The website said the amount of money […]
TikTok was the world’s most downloaded app in 2020 as it took the top spot from Facebook Messenger, according to digital analytics company App Annie. The Chinese video-sharing platform is the only app not owned by Facebook to make the global top five of downloads. In its home country, TikTok’s owner ByteDance also holds […]
Amazon has told its US corporate staff not to return to the office until next year as Covid continues to spread. The online shopping giant previously asked staff to work from home until 7 September, but will now extend this until 3 January 2022. It comes as new Covid infections surge across America, with with […]
Chinese electric car maker Li Auto has said it plans to raise as much as $1.9bn (£1.4bn) in a secondary listing of its shares in Hong Kong. Shares in the Tesla rival are already traded on the Nasdaq stock market in New York. Li Auto is the latest Chinese company to raise money closer to […]
Coronavirus pandemic Video-conferencing firm Zoom has agreed to pay $86m (£61.9m) to settle a class action privacy lawsuit in the US. The lawsuit alleged that Zoom had invaded the privacy of millions of users by sharing personal data with Facebook, Google and LinkedIn. It also accused Zoom of misstating that it offers end-to-end encryption […]
Profits at banking giant HSBC more than doubled in the first half of the year as it benefited from an economic rebound in Britain and Hong Kong. Europe’s biggest bank by assets saw pre-tax profit for the period rise to $10.8bn (£7.8bn), compared to $4.3bn for the same time last year. The UK-based bank said […]
