Technology News


Skirting U.S. sanctions, Cubans flock to cryptocurrency to shop online, send funds

Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba.


Factbox: Facebook’s cryptocurrency Libra and digital wallet Calibra

Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world.


Tech companies won’t wait for U.S. to act on social media laws, Microsoft’s president says

Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to change a U.S. law that has allowed social media platforms to flourish.


Twitter restores some blocked Cuban official accounts

Twitter Inc has restored some of the accounts of Cuban state-run media, journalists and government officials it had blocked on Wednesday, although others like that of Communist Party leader Raul Castro remain suspended.


Germany against allowing Facebook’s Libra in Europe: Der Spiegel

The German government is against giving regulatory approval for Facebook’s Libra digital currency in the European Union, Der Spiegel magazine reported on Friday, citing a member of Chancellor Angela Merkel’s conservatives.


VW CEO shifts strategy from empire building to efficiency

Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters.