UK’s jobless numbers soar past 2 million by April end

London: The number of Britons seeking jobless benefits spiked the most on record last month as the coronavirus lockdown sent shock waves through the UK economy. Jobless claims rose 856,500 to more than 2 million in April, the Office for National Statistics said. The claimant count rate climbed to 5.8 per cent – the highest in […]

Facebook chief Mark Zuckerberg wants EU not China to lead on tech rules

Brussels: Facebook founder Mark Zuckerberg on Monday urged the European Union to take the lead in setting global standards for tech regulation or risk seeing countries follow China as a model. “I think right now a lot of other countries are looking at China… and saying: ‘Hey, that model looks like maybe it might work. […]

India’s Mukesh Ambani nets another super deal for Jio

Mumbai: Billionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early investor in Airbnb Inc. and Uber Technologies Inc. The US-based private equity fund’s agreement to take a 1.3 per cent stake sets an enterprise value of 5.16 trillion rupees ($68 billion) for the […]

Microsoft unveils cloud tools tailored for health-care systems

Microsoft Corp. unveiled a package of cloud software designed for health-care systems, starting with a free trial to help the industry weather a viral pandemic that is both increasing the need for technology solutions and putting hospitals in financial peril. Microsoft Cloud for health-care includes tools that allow for digital triage, telemedicine and coordination of […]