U.S. chemical giant Dow Inc. (DOW) has paused construction of a $9 billion U.S. net-zero petrochemical project north of Edmonton, Alberta, citing weak market conditions. Formerly known as the “Dow Chemical Company,” the Michigan-based concern is one of the three largest chemical producers in the world. It previously committed to build the “Path2Zero … Read more
Australian workplaces are suffering from a lack of employee engagement, with new research from Gallup revealing that only 23% of workers are truly engaged at work. The widespread disengagement was estimated to cost the Australian economy around AU$223 billion in lost productivity annually, News.com reported. The employee disengagement crisis ties into a broader national concern … Read more
Ambient IoT’ describes a new class of connected devices that can harvest energy from virtually any available source in the device’s surrounding environment. In recent years, an ecosystem of energy-harvesting component manufacturers has emerged, driving the growth of ambient-powered Internet of Things (IoT) devices. ABI Research, a global technology intelligence firm, forecasts that Ambient IoT … Read more
YouTube on Wednesday celebrated more than 20 billion videos being uploaded to the platform since the first clip debuted two decades ago. The online video-sharing platform has evolved from a dinner party lark into a modern lifestyle staple poised to overtake US cable television in paid viewership. PayPal colleagues Steve Chen, Chad Hurley, and Jawed … Read more
The FBI says cybercriminals have stolen a record $16,6 billion in 2024, marking an increase in losses of over 33% compared to the previous year. According to the bureau’s annual Internet Crime Complaint Center (IC3) report, IC3 recorded 859,532 complaints last year (256,256 with actual loss), amounting to an average loss of $19,372. The most … Read more
Canada’s Barrick Gold (GOLD) is exiting an Alaska mine project by selling its 50% stake to billionaire hedge fund manager John Paulson and Novagold Resources (NG) for $1 billion U.S. The sale involves the Donlin Gold Mine that is situated in Alaska. Under terms of the deal, … Read more
A top American bank regulator has granted conditional approval of Capital One’s (COF) $35.30 billion U.S. all-stock purchase of Discover Financial Services (DFS). The takeover deal was first announced in February 2024, and Capital One had hoped to finalize it in the first half of this year. Under terms of the acquisition, Discover … Read more
The IAB and PwC released their annual Internet Advertising Revenue Report, which showed search ad grew 15.9% with $102 billion in ad dollars in 2024. Search ads made up the largest pie of internet ad spending at 39.8%. The PDF report can be downloaded over here and Danny Goodwin covered this first at Search Engine … Read more
A large-scale ad fraud operation called ‘Scallywag’ is monetizing pirating and URL shortening sites through specially crafted WordPress plugins that generate billions of daily fraudulent requests. Scallywag was uncovered by bot and fraud detection firm HUMAN, which mapped a network of 407 domains supporting the operation that peaked at 1.4 billion fraudulent ad requests per … Read more
Google is the subject of a new class action lawsuit in the United Kingdom. The plaintiff is seeking up to £5 billion ($6.6 billion) in damages. The case claims that Google abused its dominance in the online search ad market. The legal action was filed on Wednesday in the U.K. Competition Appeal Tribunal and alleges … Read more