Technology

Elon Musk sent mixed messages Friday about his proposed Twitter acquisition, pressuring shares of the microblogging platform amid skepticism on whether the deal will close. In an early morning tweet, Musk said the $44 billion takeover was “temporarily on hold,” pending questions over the social media company’s estimates of the number of fake accounts or “bots.” That sent Twitter’s stock …

HONG KONG: The meltdown in TerraUSD, one of the world’s largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing ano­ther major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows. Cryptocurrencies have been swept up in a sell-off across higher risk assets, which has picked up steam this week as data showed US inflation running hot, …

Elon Musk on Friday put his $44-billion deal for Twitter Inc temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5 per cent of users. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than five per cent of users,” Musk said in …

SAN FRANCISCO: Apple on Tuesday put out word it is no longer making iPods, the trend-setting MP3 players that transformed how people get music and gave rise to the iPhone. Late Apple co-founder Steve Jobs introduced the devices nearly 21 years ago with his legendary showmanship flare, and the small, easy to operate players helped the company revolutionise how music …

Cryptocurrencies extended their sell-off on Thursday, with Bitcoin falling to its lowest levels in 16 months as a stampede out of so-called stable coins sent shockwaves around broader markets. The latest blow to Bitcoin and its smaller rival Ether, which has shed more than half its market value so far this year, came from a meltdown this week in TerraUSD, …

On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy. Compared with the Fed’s last tightening cycle which began in 2016 crypto is a much bigger market, raising concerns …

Patients diagnosed with cancer more than a year before contracting COVID-19 and those not receiving active treatment may be no more vulnerable to worse COVID outcomes than those without cancer, according to a new study. “We found that recent cancer diagnoses were associated with a 17% increased risk for death and 10% increased risk for hospitalization,” said Youngran Kim of UT Health …

A university in the United States (US) has started ‘TikTok classes’ to help students in marketing their brands online. North Carolina’s Duke University, offers a full-credit ‘Building Global Audiences’course, also known as ‘the TikTok class’ to help undergraduate students learn how to optimise their social media presence. Students have collectively gained 1,45,000 followers and garnered more than 80 million views …

KARACHI: Sindh chief minister Syed Murad Ali Shah Tuesday has launched the E-Stamping system in the province. The E-Stamping system has been launched with the joint collaboration of PITB, the Board of Revenue Government of Sindh, and the National Bank of Pakistan (NBP). The launching ceremony was held at the Sindh CM House which was attended by Revenue Minister Makhdoom …

Sony Group on Tuesday said it planned to sell 18 million PlayStation 5 consoles this business year as robust game sales helped it more than double fourth-quarter operating profit. The Japanese company, however, warned that it could be forced to revise that production target if any new lockdowns in China to control the spread of COVID-19 make component procurement difficult. …