Technology

China’s new antitrust rules could increase Big Tech scrutiny, adding hurdles to startup acquisitions



Several new draft antitrust rules released by China’s market regulator threaten to place additional restrictions on the country’s Big Tech firms ahead of an updated Anti-Monopoly Law taking effect.

Under one of six proposed rules released by the State Administration for Market Regulation (SAMR) on Monday, a planned merger or acquisition will need regulatory approval if it involves one compa

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Japan’s Renesas, India’s Tata Motors partner to develop chip solutions



NEW DELHI (Reuters) - Japanese chipmaker Renesas Electronics Corp and India's Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday.

Renesas will collaborate with Tata Motors, India's biggest manufacturer of electric cars, on developing "next-generation automotive electronics" to accelerate the growth of electric and connected vehicles, the companies said in a statement.

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G. The products will initially be for India with an aim to expand to global markets.

(Reporting by Aditi Shah; Editing by Rashmi Aic

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Celebrity-endorsed crypto scams soaring in UK, Santander says



Celebrity-endorsed cryptocurrency scams in the UK are on pace to almost double this year, Banco Santander SA’s local unit said.

“Case volumes” jumped 61% in the first quarter from the prior three months, Santander said in a statement on its website on Tuesday. The average value of the scams was £11,872 (RM63,752), up 65% from a year earlier. Around £2mil (RM10.73mil) was lost to such schemes in the quarter, according to the bank.

ALSO READ: Richard Branson takes aim at crypto scams that use his name as lure

We’re seeing a worrying rise in ‘celebrity-endorsed’ crypto

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Sony accelerates PC gaming push with Inzone gear



TOKYO (Reuters) - Sony Group Corp said on Wednesday it's launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience.

Sony, whose PlayStation 5 console has been affected by supply chain snarls, last month announced a pivot towards releasing more titles on PC and mobile devices as subscription services and tech advances open up gaming to a wider audience.

The Inzone line, developed by a unit outside Sony's main gaming business, aims to leverage Sony's audio and display technology, areas where Sony is seen as retaining an edge even as the company has transformed itself into an entertainment behemoth spanning movies, music and games.

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Uber, Lyft drivers switch to Teslas as high gas prices squeeze profit



Some Uber and Lyft drivers are finding that renting or buying a Tesla, the luxury electric car, is a more profitable option now amid soaring gas prices that have upended the economics of gig work.

Last summer, Heidi Barnes, 34, thought about upgrading her beloved 2009 Toyota Camry, which she nicknamed "The Beast,” for a sleek Tesla Inc Model 3 sedan. The Lancaster, California-based driver never imagined that the high-end vehicle would become less of a splurge and more like a last resort until the average price for a gallon of gas in the US surpassed US$4 (RM17) for the first time in March. Almost overnight, a full tank went from costing Barnes roughly US$60 (RM263) to a day to more than US$100 (RM440), making it harder to make a decent profit from ferrying passen

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Kyle Rittenhouse keeping himself in the public eye, launching anti-‘Fake News’ game



After initially indicating he would aim to stay out of the public eye after being found not guilty last year of killing two men and wounding a third during riots in Kenosha, Kyle Rittenhouse says he is launching a video game.

Rittenhouse, now 19, said sales from the game is intended to fund his announced planned defamation lawsuits against media outlets he believes defamed him.

In an advertisement that appeared on social media last week, the game features a cartoon Rittenhouse carrying a "laser gun" and shooting animated turkeys with the words "FAKE NEWS" on them.

In the ad, which features the former Illinois teen, Rittenhouse treats all news media as a monolith, saying "The media is nothing but a bunch of turkeys with nothing better to do than push

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‘You can always come up with new ways to scare people’: The ‘visceral’ horror of ‘Callisto Protocol’



Aliens. Outer space. Horrifically graphic body horror. Finally, veteran video game designer Glen Schofield is back to doing what he loves most.

After spending about a decade working in the Call of Duty franchise as one of the co-founders of Sledgehammer Games, Schofield started Striking Distance Studios with the intention to return to the sci-fi horror genre. It's a space Schofield, one of the primary architects of the Dead Space franchise, knows well. This holiday season, on Dec 2, Striking Distance is slated to release its first game, The Callisto Protocol, via PUBG Studios.

An extended trailer of the game was shown earlier this month as part of the Summer Game Fest, a multiday, largely online celebration of video game teasers a

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Amazon places purchase limit on emergency contraceptive pills



(Reuters) - Amazon.com Inc has placed a temporary purchase limit of three units per week on emergency contraceptive pills, the company said on Tuesday.

The move comes days after the U.S. Supreme Court overturned the landmark 1973 Roe v. Wade ruling that recognized women's constitutional right to abortion.

Women with unwanted pregnancies in the country now may face the choice of traveling to another state where the procedure remains legal and available, buying abortion pills online, or having a potentially dangerous illegal abortion.

The ruling has also had an impact on the demand for over-the counter emergency contraceptive pills, known as Plan B, which are taken within days of sexual intercourse.

Pharmacy chain CVS Health Corp said on Monday i

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Ericsson’s Deal to Buy Vonage Is Focus of Cfius Probe


The Committee on Foreign Investment in the U.S. is reviewing Ericsson proposed $6.2 billion acquisition of Vonage Holdings Corp., Ericsson said, adding another regulatory challenge for the Swedish telecom-equipment giant in Washington.

Ericsson said the deal for provider of internet-based communication services had cleared all other U.S. and foreign regulatory approval requirements. It said the companies were working with the committee, known as Cfius, a Treasury Department-led panel of federal agencies that determines how foreign deals for U.S. assets could affect national security. Read More »

Recalled Sleep-Apnea Machines Pass Key Safety Tests, Philips Says


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https://www.wsj.com/articles/recalled-sleep-apnea-machines-pass-key-safety-tests-philips-says-11656417705


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