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Reddit to lay off about 5% of its workforce
Reddit is laying off about five percent of its workforce, or 90 employees, joining a list of technology companies…
Microsoft to pay $20 mln for violating children’s privacy
Microsoft will pay $20 million in a U.S. Federal Trade Commission (FTC) settlement for illegally collecting…
Spotify to lay off 200 podcast division employees
Streaming company Spotify announced on Monday that it is laying off 200 of its podcast division staff in its second…
Apple announces new Vision Pro headset
Apple Inc. announced on Monday its mixed-reality headset, the Vision Pro, during the company’s WWDC developer…
Google to impose 14% VAT on services in Egypt starting from July
Google will add 14 percent value-added tax (VAT) to its services in Egypt starting from 1 July, the announcement…
Tesla’s Chinese EVs sales rise by 2.4%
Tesla Inc.’s China-made electric vehicle (EV) sales rose in May by 2.4 percent, according to data from the China…
Samsung to set up mobile phone factory in Egypt
Samsung Electronics, the world's biggest mobile phone maker, has agreed to set up a new mobile phone factory in…
Elon Musk becomes again richest man in the world
Elon Musk is back to being the richest person in the world, with his fortune increasing by 40.3 percent to $192…
Toyota customers face data leak risk due to server error
Toyota Motor Corp. announced on Wednesday that customers in some countries in Asia and Oceania may have been facing…
Egyptian government concludes 10% stake sale deal of Telecom Egypt for EGP 196mln
The Egyptian Stock Exchange (EGX) announced on Sunday the completion of a 196 million Egyptian pound deal for a ten…