Tesla taps Taneja for CFO role, as Kirkhorn steps down after 13 years
WASHINGTON: Tesla’s chief financial officer Zachary Kirkhorn has stepped down from his role, the company disclosed in a regulatory filing on Monday. However, Kirkhorn will remain with the company through the end of the year to “support a seamless transition”, reported German news agency dpa. Kirkhorn stepped down as of August 4, after a 13-year […]
PAYPAL LAUNCHES NEW DIGITAL COIN
WASHINGTON: US financial technology firm PayPal Holdings Inc is launching a new stablecoin denominated in US dollars, the PayPal USD (PYUSD), the company announced on Monday, reported German news agency dpa. The digital coin, issued by Paxos Trust Company, is 100 per cent backed by US dollar deposits, short-term Treasuries, and other cash equivalents. Its […]
Twitter’s source code leaked, shared online for months
WASHINGTON: Parts of Twitter’s source code were publicly available online for several months, Sputnik quoted The New York Times report citing a legal filing. GitHub, an online platform for software developers where the code was posted, took down the code on Friday, upon Twitter’s request, the newspaper reported on Sunday. The source code, the underlying […]
Washington hasn’t offered proof TikTok threatens US security: China
ISTANBUL: China said Thursday that Washington has not provided any evidence that the popular video sharing app TikTok is a threat to US national security. “The US has yet to prove with evidence that TikTok threatens its national security,” reported Anadolu Agency as Chinese Foreign Ministry spokesman Wang Wenbin saying in a news conference in […]
Biden offers condolences to quake victims
WASHINGTON: US President Joe Biden said yesterday (Feb 8) that the devastating earthquake that struck Türkiye and Syria this week was “one of the worst” in the region. “On behalf of the American people, our thoughts and prayers go out to the people of Türkiye and Syria,” Anadolu Agency reported Biden said during an event […]
Two stabbed at Washington Metro Centre
WASHINGTON: Two people have been stabbed in Washington’s Metro Centre subway stop, reported Sputnik. According to Fox News report, citing the Metropolitan Police Department (MPD), MPD officers arrived at Metro Centre on Tuesday afternoon and found inside two people who had been stabbed. One victim, a man, was found unconscious and not breathing, while the […]
US retail sales continue to rise amid rising prices
WASHINGTON: Americans spent increasing amounts on their shopping for the fourth straight month in April with inflation running at a 40-year high, as auto sales rebounded, according to government data released Tuesday. US retail sales rose 0.9 per cent in the month to $677.7, as auto sales rose 2.2 per cent in April after declining […]
Biden re-establishes US troop presence inside Somalia
WASHINGTON: President Joe Biden has ordered the re-establishment of a US troop presence in Somalia to help local authorities combat the Al-Shabaab militant group, a senior American official told reporters Monday. The move reverses an order from Biden’s predecessor Donald Trump, who in late 2020 pulled nearly all US forces from the East African nation […]
Madeleine Albright, first female US secretary of state, dies at 84
WASHINGTON, United States: Madeleine Albright, who came to the United States as a child refugee and rose to be the first female secretary of state, shaping American foreign policy at the end of the 20th century, has died at the age of 84. Tapped by president Bill Clinton as ambassador to the United Nations then […]
America’s first woman VP
A new chapter begins today. Let’s get to work. Kamela Harris WASHINGTON: Kamala Harris smashed through one of America’s highest glass ceilings Wednesday, becoming the first woman, first Black American and first person of Asian heritage to be appointed vice president, blazing a trail in the most diverse White House ever. As running mate to […]
