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For decades, Apple, Amazon, Google, Microsoft and Meta barreled forward with few rules and limits. As their power, riches and reach grew, a groundswell of regulatory activity, lawmaking and legal cases sprang up against them in Europe, the United States, China, India, Canada, South Korea and Australia. Now that global tipping point for reining in the largest tech companies has finally tipped.The companies have been forced to alter the everyday technology they offer, including devices and features of their social media services, which have been especially noticeable to users in Europe. The firms are also making consequential shifts that are less visible, to their business models, deal making and data-sharing practices, for example.The degree of change is evident at Apple. While the Silicon ...

Dover, Del. - The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth US$5.6 billion as legal fees. The attorneys, who represented Tesla shareholders in the case decided in January, made the request of the Delaware judge in court papers filed Friday. The amount would apparently be far and away the largest such award, if approved. Lawyers in class-action suits stemming from the collapse of Enron got a record US$688 million in legal fees in 2008. “We are ‘prepared to eat our cooking,’” the Tesla plaintiff attorneys wrote in the court filing, arguing the sum is justified because they worked purely on a contingency basis for mor...

When Shawn Fain, the United Automobile Workers president, unveiled the deal that ended six weeks of strikes at Ford Motor in the fall, he framed it as part of a longer campaign. Next, he declared, would be the task of organizing nonunion plants across the country.“One of our biggest goals coming out of this historic contract victory is to organize like we’ve never organized before,” he said at the time. “When we return to the bargaining table in 2028, it won’t just be with the Big Three. It will be the Big Five or Big Six.”Four months later, the first test of that strategy has come into focus, and it features a Volkswagen plant in Chattanooga, Tenn.According to the union, more than half of over 4,000 eligible workers have signed cards indicating support for a union. Workers say they have d...

Americans with Covid or other respiratory infections need not isolate for five days before returning to work or school, the Centers for Disease Control and Prevention said on Friday, a striking sign of changing attitudes toward the coronavirus.People with respiratory illnesses may resume daily activities if they have been fever-free for at least 24 hours without the aid of medications and if their symptoms are improving, agency officials said. Acknowledging that people can be contagious even without symptoms, the C.D.C. urged those who end isolation to limit close contact with others, wear well-fitted masks, improve indoor air quality and practice good hygiene, like washing hands and covering coughs and sneezes, for five days.The guidelines apply to Covid, influenza and respiratory syncyti...

14 hours agoNewsDuration 4:14After two years of aggressive interest rate hikes, inflation is seemingly back under control, causing many Canadians are starting to ask: Where’s the relief? CBC’s Peter Armstrong looks at whether the Bank of Canada has accomplished its goals and what we know about when rates could start to come back down. Source link

With competition heating up in the foundry business – India this week approved three new semiconductor plants involving Tata Group and CG Power,, and is looking to achieve dominance in the industry – existing foundries have to up their game. Chief among them is Intel, which has been trying to recover from historical missteps that put it behind competitors such as TSMC and Samsung. At its Intel Foundry Direct Connect event last week, it unveiled Intel Foundry, which will build not only its own chips, but products for anyone looking for fab services. It also announced a new organizational model. “We’re not fixing one company, we’re establishing two vibrant new organizations,” said Intel chief executive officer Pat Gelsinger during his keynote. “Intel Foundry, to serve internal and external c...