Month: July 2020

Big Tech firms delivered robust results Thursday, underscoring growing consumer reliance on giants like Amazon during the pandemic as well as their extraordinary economic power — the subject of a heated US congressional hearing a day earlier. The results from Apple, Amazon, Facebook, and Google parent Alphabet — ironically the same firms whose chief executives
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One of the most common phrases you’ll hear on the internet is that “If you’re not paying, you’re the product.” When you use a free online service, you’re often paying through other means, such as your data, your privacy, and potentially, your security. Using a free secure messaging app, then, goes against the grain. If
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Apple on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The report topped Wall Street expectations, with even long-overshadowed categories likeiPads and Macs getting a boost. Shares rose as much as
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Samsung Electronics reported Thursday its net profit grew 7.3 percent year-on-year in the second quarter, with strong demand for memory chips overcoming the impact of the coronavirus pandemic on smartphone sales. The world’s biggest smartphone and memory chip maker said profits in the April-to-June period were KRW 5.56 trillion (roughly Rs. 34,846 crores). Operating profit
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Turkey’s parliament passed a law regulating social media on Wednesday, that critics said will increase censorship and help authorities silence dissent. President Tayyip Erdogan’s ruling AK Party, which has a majority with an allied nationalist party, had backed the bill. The assembly began debating the new legislation on Tuesday, and its passage was announced by
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