Business - Tech

Microsoft reports outage for Teams, Outlook, other services

Microsoft said it's seeing some improvement to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday.

US sues Google over digital advertising dominance

The Justice Department and eight states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition.

Amazon launches a prescription drug service for Prime members

Amazon is adding a prescription drug discount program to its growing health care business.

Microsoft invests billions in ChatGPT-maker OpenAI

Microsoft says it is making a ``multiyear, multibillion-dollar investment'' in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools that can write readable text and generate new images.

Factbox: Tech industry job cuts - Who cut how many?

In just the past month there have been nearly 50,000 job cuts across the technology sector.

Spotify to cut 6% of workforce, some 600 employees: CEO

Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees, the latest cost-cutting announcement among technology companies.

Egypt drafting legislation to regulate social media platforms

Egypt's Supreme Council for Media Regulation is preparing legislation that would require social media platforms to obtain a license to access mobile users in the country, the head of the Supreme Council for Media Regulation Karam Gabr told the Senate on Sunday.

Google cuts 12,000 jobs as tech woes bite again

Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.

Elon Musk takes witness stand to defend Tesla buyout tweets

Elon Musk took the witness stand Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening.

Our connected future: How industrial data sharing can unite a fragmented world

Strategic data collaboration offers a route to peak business performance and a healthier planet, says AVEVA CEO Peter Herweck

Microsoft lays off 10,000 as Job cuts in tech sector continue to climb

Microsoft is cutting 10,000 workers, almost 5 percent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.

EU takes on US, China over clean tech in Davos

The EU's chief announced ambitious plans Tuesday to challenge China and the United States in the race for clean-tech industries, as a battle over green trade emerged at the World Economic Forum.

Deep technology sector grows by 20.2% in 2022: Egypt's IDSC

The Egyptian cabinet's Information and Decision Support Center (IDSC) revealed in a report, released on Thursday, that the size of the deep technology market has reached $431.1 million in 2021 and has grown by 20.2 percent in 2022 to reach $518.2 million.

Sony unveils prototype e-vehicle to be made with Honda

Sony unveiled a new high-tech prototype car it will produce in partnership with Honda at the CES tech show Wednesday.

Amazon to cut more than 18,000 jobs, CEO says

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact the online retail giant had "hired rapidly" during the pandemic.

Mobile internet users up by 12.5% in 2022 in Egypt: CAPMAS

Egypt has seen a 12.5 percent increase in the number of mobile internet users up till the end of October 2022, according to report by the Central Agency for Public Mobilization and Statistics (CAPMAS).

US-based e-learning platform Classera plans to expand in Egypt: CEO

“The Egyptian market has a bunch of potential to be tapped, especially in e-learning, which makes Egypt among the three biggest markets for Classera globally and in the MENA region as well,” co-founder and CEO of Classera Mahmoud El-Medany told Ahram Online.

CBE launches one-year incentives to support e-payments starting 1 January

The Central Bank of Egypt (CBE) has announced new incentives to support the country’s digital transformation, including cashless transaction adoption, set to last from 1 January – 31 December 2023.

Musk says 'crazy' cost cuts have saved Twitter

Elon Musk on Wednesday said that severe cost cuts at Twitter had repaired the company's dire finances as he set out to find a new CEO for his troubled social media platform.

Five ways TikTok is seen as threat to US national security

Many in the United States see TikTok, the highly popular video-sharing app owned by Beijing-based ByteDance, as a threat to national security.

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