scrambles

From overhauling online platforms to backroom engineering, Google, Apple, Amazon, Microsoft, Meta and TikTok owner ByteDance have scrambled over the last six months to comply with landmark EU tech rules that come into force on Thursday.The Digital Markets Act (DMA) is one of the most comprehensive regulatory actions to rein in so-called "Big Tech" and is expected to reshape the global technology industry after decades of unfettered growth. Criticism from rivals and users and cautionary comments from watchdogs suggest a…

The federal government is scrambling to put the white nationalist brawler Robert Rundo back behind bars following the surprising decision by a district judge in California to dismiss riot charges against Rundo, citing “selective prosecution.” Rundo was accused of conspiracy to violate the Anti-Riot Act for planning and participating in violence at a series of political rallies across California in 2017 when he was the leader of a far-right fight club known as the Rise Above Movement or RAM. A federal indictment…

It’s the 30-story elephant on the Los Angeles skyline — and seemingly no one, including Mayor Karen Bass, has decided what to do about it. The Oceanwide Plaza luxury development has stood next to Crypto.com Arena vacant and half-finished since 2019, when its Chinese developer, having already spent $1.1 billion on it, ran out of money.   In December, three L.A. taggers — Akua, Sour and Castle — broke into the highest of Oceanwide’s three towers and spray-painted their names across its floor-to-ceiling…

Getir’s woes are dragging on in Europe, raising concerns over the grocery delivery platform’s future in the region. On Wednesday, the Turkish-owned company started auctioning off parts of its equipment, as it closes down a number of its dark stores in the UK. The bidding closed on Thursday morning. The items, listed on the website of commercial property agent Sanderson Weatherall, range from scooters and crash helmets to insulated food delivery boxes and retail freezers. According to the…

While Google has dominated the search market for years, Microsoft is all set to take on the tech giant with its AI-powered Bing search engine. According to a report in the New York Times (NYT), South Korean phone-maker Samsung is reportedly looking to replace Google with Bing as the default search engine on its devices. This comes as a big setback for Google since Samsung is the second-largest smartphone manufacturer globally and uses Android operating system in its devices. According to the NYT report, an estimated $3…

Virgin Orbit's LauncherOne rocket on display in Times Square, New York.CNBC | Michael SheetzVirgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned.The rocket builder paused operations last week and furloughed most of the company, as CNBC first reported, while it sought new investment or a potential buyout. Virgin Orbit CEO Dan Hart and other senior leadership held daily talks with interested parties through the weekend,…

A day after unions representing both teachers and support staff announced a three-day strike starting Tuesday, the Los Angeles Unified School District was scrambling to prepare for the looming shutdown of 1,000 campuses — while at the same time, trying to prevent the massive walkout.School work won’t be graded. Breakfast, lunch and sometimes dinner for children from low-income families might be provided — from some place yet to be determined. Child care? That will be a challenge. Nonprofit groups throughout the city are…

US Treasury official says the firms are not being bailed out and Silicon Valley Bank equity and bondholders would be wiped out, but depositors are being protected. S&P500 futures rose 1.4 percent after the announcement while Bitcoin jumped 6.7 percent to $21,998 after the announcement.…

As of late Thursday night and Friday morning, the fallout from the shutdown of Silicon Valley Bank in the US had reached the shores of the UK and Europe. Yesterday afternoon, the Bank of England sought a court order to place Silicon Valley Bank UK Limited — the UK arm of the US institution — into an insolvency procedure. In a statement, the BoE said: “SVB UK has a limited presence in the UK and no critical functions supporting the financial system. In the interim, the firm will stop making payments or accepting…

A week away from the March 16 launch of Baidu Inc.’s BIDU -0.38% ChatGPT equivalent, employees at China’s biggest search-engine operator said they are racing to meet the deadline with the chatbot still struggling to perform some basic functions. To develop the artificial-intelligence-powered chatbot, dubbed Ernie Bot, hundreds of people have been working around the clock, people familiar with the project said. Other teams have been asked to lend their staff and their…