Netflix raises monthly charges for US customers, shares jump

Streaming video service Netflix on Thursday raised monthly charges in the United States for its standard and premium subscription plans, a move that sent the company’s shares climbing nearly 5%.…

Apple’s late iPhone launch temporarily wiped $100 billion off its stock value

The late launch of new 5G phones caused Apple’s customers to put off buying new devices, leading the company on Thursday to report the steepest quarterly drop in iPhone sales…

Instagram pauses ‘recent’ search listings on US site to stop fake election news

Facebook’s Instagram said on Thursday it was making changes to its image sharing platform for US users to prevent the spread of misinformation around the November 3 presidential election. For…

Xiaomi grabs smartphone marketshare in third quarter as Huawei wobbles

Chinese smartphone maker Xiaomi Corp grabbed market share in China and Europe in the September quarter as rival Huawei Technologies’ dominance slipped due to US sanctions, market data showed. Xiaomi…

Facebook anticipates tougher 2021 even as pandemic boosts ad revenue

Facebook on Thursday warned of a tougher 2021 despite beating analysts’ estimates for quarterly revenue as businesses adjusting to the global coronavirus pandemic continued to rely on the company’s digital…

Saudi Arabia plans $2 billion boost for space programme by 2030

RIYADH: Saudi Arabia is planning a $2.1 billion boost for its space program by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of…

Amazon eyes first foray into broadcasting soccer matches in Italy

MILAN: Amazon is set to secure exclusive rights to screen top European Champions League matches in Italy for the 2021-2024 seasons, three sources close to the matter said, in what…

Miniature organs help test potential coronavirus drugs; GI symptoms linked to severe Covid-19

The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for Covid-19, the illness caused by the…

‘Who the hell elected you?’ US Senate tech hearing becomes political showdown

WASHINGTON: A US Senate hearing to reform an internet law and hold tech companies accountable for how they moderate content quickly turned into a political scuffle as lawmakers not only…

Facebook is launching a free cloud gaming service

Facebook launches its cloud gaming service with several games to choose from in the app and on the browser, playable instantly, with no downloads required. The social media giant’s gaming…