News

India’s central bank cancels Paytm Payments Bank licence
The licence cancellation puts the spotlight on the dwindling significance of payment banks in the banking systemPublished Sat, Apr 25, 2026 · 03:20 PM[BENGALURU] India’s central bank said on...
Why Meta is laying off 10% of its workforce
Meta, the parent company of Facebook and Instagram, is planning to lay off 8,000 employees, or roughly 10% of its workforce, in May, as it seeks to cut costs...
How did thousands of sensitive LAPD files get leaked? City officials seek explanation
In the aftermath of a recent data breach that saw hackers make off with a vast trove of confidential police records, Los Angeles leaders have sought an explanation from...
Volvo Cars says demand for new EX60 electric SUV exceeds expectation
Published Wed, Apr 22, 2026 · 10:27 PM[GOTHENBURG, Sweden] Volvo Cars expects to build up to 40,000 cars of its new flagship electric model this year, with demand exceeding...
Robot named Lightning blows past human runners to set half-marathon record in Beijing
Slide over, Jacob Kiplimo. The world’s fastest human in the half-marathon is still just that, but the Ugandan’s record time of 57 minutes, 20 seconds, was obliterated Sunday in...
Amazon pressured Levi’s, other retailers to hike prices, California A.G. says
Amazon wanted to sell Levi’s Easy Khaki Classic pants for $29.99, but Walmart had lowered the price, and the giant online retailer had matched it at $25.47 to $26.99....
Supreme Court weighs phone searches to find criminals amid complaints of ‘digital dragnets’
WASHINGTON  — A man carrying a gun and a cellphone entered a federal credit union in a small town in central Virginia in May 2019 and demanded cash. He left...
California’s gas prices push Uber and Lyft drivers off the road
The highest gas prices in the country are making it tougher for some gig drivers to make a living. Gas prices have shot up amid the war in the...
Hollywood editors get new AI tool
Avid Technology, the editing software company, is the latest entertainment industry player to introduce AI into its toolbox.The company behind industry-standard platforms Pro Tools and Media Composer said it...
Snap is cutting 1,000 workers in the latest tech layoff
Snap, the parent company of disappearing messaging app Snapchat, said Wednesday that it’s laying off 1,000 workers to reduce costs.The Santa Monica social media company is pursuing profitability and...
How Waymo and Waze are pitching in to help solve L.A.’s pothole problem
Waze and Waymo are teaming up to help combat Los Angeles’ growing pothole problem. The companies announced a program that will use Waymo’s self-driving cars to better detect potholes...
Commentary: Wipe out a ‘civilization’? Minor stuff compared with what just happened in AI
While many of us were worried in recent days about our president ending a “whole civilization,” one Silicon Valley tech company was warning, without much notice, it might accidentally...