Palm Payment Method Launched in China
Chinese technology firm Tencent is rolling out a new payment service that allows users to conduct transactions with the palm of their hand. The new palm payment method is available through the company's WeChat Pay service, known domestically in China...
Amazon to Lay Off Another 9,000 Employees
Amazon has announced that it will lay off 9,000 employees in yet another round of redundancies initiated by the online retail giant this year. Amazon president and CEO Jeff Jassy cited an "uncertain economy" and cost-cutting as reasons for the...
Facebook-Parent Meta Reveals $40 Billion Stock Buyback
The parent company of Facebook, Meta Platforms, has announced that it has increased its share purchase authorization by $40 billion. According to the company's quarterly earnings statement, its net income has fallen but revenues exceeded forecasts by analysts. The social...