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Economics at firstpost.com

Thursday, Jul 27

08

Elon Musk, X, stole the handle ‘@X’ from a photographer to rebrand Twitter, gave no compensation

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Elon Musk and his team forcibly took away the handle '@x' from a photographer, who had set up the account in 2007, without informing or paying them. Once he made some noise about it, he was given some 'X' branded merchandise after a…

Wednesday, Jul 26

13

Supercharged: EU kills range anxiety, passes law to set up EV charging stations at every 60km

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The EU has passed a new law that lays down some pretty comprehensive rules about EVs and the EV charging industry. By end of 2025 EV drivers will find an EV charger at every 60 kilometres. The law also specifies what fast charging solution…

12

Riding the AI wave, Microsoft reports record-breaking profits, made $20.1 billion last quarter

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Microsoft made some serious money last quarter. Although CEO Satya Nadella believes that AI hasn't had that big a factor to play on these earnings, Microsoft, has been capitalizing on its investments in OpenAI, makers of ChatGPT, to launch…

11

India’s Love For Apple: Edges out Germany, France to enter iPhone’s top 5 market for the first time

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India has become one of Apple iPhone's top 5 market for the first time this year, edging out Germany and France. During Q2 2023, India accounted for 4 per cent of Apple's iPhone sales. There was a 50 per cent YOY growth in iPhone sales in…

10

NASA steps in to help Brazil fight Amazon deforestation

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Brazil is facing a lot of challenges in its bid to stop or even slow down the rapid deforestation of the Amazon forest, To help combat the situation, NASA has decided to step in and share feeds from satellites flying over the Amazon forest

Australia slaps Meta with $14 million fine for illegally collecting user data, not disclosing it

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Meta has been slapped with a fine of $14 million dollars for using a VPN to illegally collect user data to target them with ads, all without disclosing the data collection part of the app

09

‘S3Xy’, ‘eXposure,’ ‘eXult’: Elon Musk renames conference rooms to match Twitter’s new X branding

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Being the eternal troll and marketing genius that he is, Elon Musk, soon after renaming and rebranding Twitter in to X, has renamed all the conference rooms in Twitter's head office. The new names, all play around the alphabet X

Tuesday, Jul 25

14

China ‘strongly urges’ Japan not to be influenced by the US and disrupt global tech industry

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With Japan set to impose hard restrictions on exports of Japanese chip-making technology, China, who depends on expertise from Japan, Netherlands and Taiwan, has urged Japan not to get influenced by the US' propaganda and end up disrupting…

13

Apple’s $1 Billion Headache: Tech giant to get sued by app developers over App Store fees in UK

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Apple is set to get sued for $1 billion in the UK by over 1500 app developers over the 30% commission it charges on payments made through the App Store. Apple has had to face legal challenges on this issue several times, including the much…

11

‘Semicon India result of PM Modi’s vision, happy that 2023 exhibition is taking place in Gandhinagar’: IT Minister

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The Semicon India 2023 exhibition will start on July 28, and will be inaugurated by PM Modi. IT Minister Rajeev Chandrasekhar revealed that he is happy that the exhibition is taking place in Gandhinagar, and that Semicon India is the…

10

Elon Musk’s Twitter rebranding may not work out, Microsoft, Meta own several trademarks of ‘X’

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Elon Musk's plans to rebrand Twitter as X may not go as he and CEO Linda Yaccarino may have planned. As it turns out, several tech companies in the US, including Microsoft and Meta, own several trademarks on the letter, and may sue Musk…

09

‘Oppo, Vivo and Xiaomi committed tax evasion of around Rs 9,000 cr’: Rajeev Chandrasekhar in Parliament

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Oppo Mobile, Vivo India, and Xiaomi Technology have collectively evaded tax worth Rs 9,000 crore, by dodging custom duties and GST, said IT Minister Rajeev Chandrasekhar. So far, the government has successfully recovered Rs 1,630 crore…

08

Twitter staff trying to remove the older logo from their building get detained by the police

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Soon after Elon Musk rebranded Twitter to X some employees at the San Francisco office tried to take the Twitter Logo down, and got a crane to do so. However, because of a misunderstanding, the San Francisco police had to get involved, and…

Monday, Jul 24

14

AI Salesman: China’s e-commerce platforms set to get AI-hosts for announcing deals during sale livestreams

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Livestreaming during massive sale seasons is a huge aspect in China's e-commerce industry. Now, instead of influencers, e-commerce platforms are turning towards AI-generated videos, to host the streams

13

It’s Official: Elon Musk completes Twitter’s rebranding to X, tweets will be called ‘sending an X’

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Elon Musk has officially completed Twitter's rebranding to X. The social media platform's page now reads that it is now called X. The UI also shows that the bird logo has been dropped from a number of places

11

ChatGPT’s Sam Altman creates new cryptocurrency called Worldcoin, meant ‘only for humans’

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OpenAI's Sam Altman, who, over the last couple of months has become the unofficial face for ChatGPT and AI has now launched a new crypto project called Worldcoin, which is designed "only to be used by humans in an AI dominated internet"

09

GoI rejects Chinese EV maker, BYD’s plan to set up a $1 billion dollar plant in India; Here’s why

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Chinese EV giant BYD wanted to set up an EV and battery factory in India and was planning to invest about $1 billion for the same. However, the Indian government rejected their proposal, citing security issues, and the fact that Chinese…

08

X Marks The Spot: Elon Musk starts Twitter’s makeover into a ‘super app’ with many new upcoming features

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Elon Musk has finally started transforming Twitter into Platform X or X the everything app, a move that tech analysts had predicted he would make when he acquired Twitter. The new rebranded Twitter will have a bunch of features, powered by…

Friday, Jul 21

10

TSMC delays launch of Arizona plant to 2025 as ‘Americans not skilled enough’

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TSMC is facing some massive challenges in setting up its fabrication unit in Arizona, US. The biggest challenge that it is facing is that of shortages of skilled labour who can set up the plant to the required specification, as well as…

09

Tesla, TSMC earnings predict grim future because of US-China tech war, investors worried

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The latest earning reports from Tesla and TSMC predict a grim future for the tech industry all because of the US-China tech war. Revenue, earnings and profit margins are all set to go down substantially, a fact that has worried investors…

07

Google pays their Software Engineers much more than their Engineering Managers, reveals leak

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At Google, it is quite possible for software engineers to make more money than their supervisors, especially if the Engineering Manager is not from a software engineering background. A leaked document revealed the median pay at Google,…

Thursday, Jul 20

14

Netflix says password-sharing crackdowns led to more signups than cancellations

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Netflix's most recent earnings report has revealed that because of their crackdown on password sharing, people are signing up for their own accounts. This is opposite of what experts had claimed when they said that people will leave the…

12

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins

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Despite falling margins, Tesla had a blast in the last quarter, where it made over $25 billion. Tesla may very well become the most profitable car maker soon, as it is set to meet its projections this year, which will only be boosted by…

09

Data Protection Bill to be tabled this monsoon session: Here’s everything you need to know

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The Indian Parliament will table the Digital Personal Data Protection Bill during the ongoing monsoon session. The draft bill of 2022 had several issues that prompted the Indian Government to go back to the drawing board and rework on it.…

Wednesday, Jul 19

14

Sam Altman’s Monster: OpenAI scared of ChatGPT 4 which can now recognise and ‘read’ human faces

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Sam Altman's OpenAI has now started to fear just how capable their ChatGPT 4 is. What started out as a project that would have helped the visually challenged has now shown that OpenAI's AI model has become very powerful, perhaps too…

13

FP Special – Seema Haider’s ‘Love Story’ or ‘Spy Saga’: Four ways ATS, IB can crack, recover her digital data

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As fascinating as Seema Haider's case is, it also raises many questions given that the ATS and IB are having so many issues in recovering her digital data. Even though they may not have access to her smartphones anymore, there are ways to…

11

Morgan Stanley relocates 200 tech experts working with data over China’s new stringent laws

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China’s new data laws virtually make it impossible for any international organisation to work with global data, from within mainland China. As a result, several banks, especially American and European banks have been forced to rethink…

07

Meta’s ‘Twitter Killer’ Tanking: Threads loses over half of its daily active users in 7 days

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Meta's Threads, which was supposed to be the social media platform to kill Twitter, is tanking badly. After accumulating over 100 million active users in just a week, since then, Threads has lost over half of those active users in 7 days

Tuesday, Jul 18

15

Amazon lays off more people and inadvertently unveils new strategy to mass fire employees

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Layoffs continue at Amazon, as the e-commerce giant recently terminated over 80 employees from their pharma division. However, it seems that Amazon may have inadvertently revealed their new playbook for mass layoffs

14

Most affordable Tesla: EV maker launches Cybertruck-like quadbikes for kids in China @Rs 1.5 lakh

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Although the Tesla Cyberquad for kids was showcased long ago, it is sold only in select countries. Because of China's value in the EV business, Tesla often launches some seriously awesome product and tech in the country from time to time