Foxconn offers workers $1,400 to stop protesting and leave ‘iPhone City’

Protest erupted in Zhengzhou on Tuesday when Foxconn workers were told that promised bonus payments would be delayed. | Image: @StephenMcDonell Foxconn has offered workers a 10,000 yuan ($1,400) settlement in an attempt to end protests at the facility, encouraging newly recruited staff to quit and subsequently leave its iPhone assembly factory in Zhengzhou, central…

Pokémon Scarlet and Violet are Nintendo’s fastest selling games of all time

Pokémon Scarlet and Violet, the latest entries in Nintendo’s long-running franchise. | Image: Nintendo Pokémon Scarlet and Pokémon Violet, the first new mainline entries into the Pokémon series since 2019, have become the fastest selling games in Nintendo’s history, the company has announced. The two games sold 10 million units between them globally in their…

Hackers take down EU Parliament site in apparent DDoS attack

Russian hackers have attacked the website of the European Union’s Parliament and managed to take it offline for several hours. Anonymous Russia, an arm of the pro-Russian hacktivist group Killnet, reportedly launched a Distributed Denial of Service (DDoS) attack against the website of the European Parliament. European Parliament President Roberta Metsola confirmed the incident on…

Germany angrily denies claim by Boris Johnson that it wanted Ukraine to quickly lose to Russia when it invaded

Boris Johnson leaves Downing Street, July 7 2022. DANIEL LEAL/AFP via Getty Images Germany slammed comments from Boris Johnson about its attitude to Russia’s invasion of Ukraine.  Johnson said on Monday that Germany initially wanted Ukraine to “fold” to get it over quickly. A German spokesman said the remarks were “utter nonsense” and called Johnson…

Twitter reportedly scraps holiday pay for contractors as part of new rules that will begin during Thanksgiving

Twitter owner Elon Musk. Patrick Pleul/AP Twitter has cut holiday pay for contractors from Thanksgiving onwards, per a Platformer reporter. The company also fired some engineers because their “code is not satisfactory,” per a Verge reporter. Elon Musk has introduced cost-cutting measures at Twitter since taking over the company. Elon Musk’s Twitter has decided to…

FTX owned an $11.5 million stake in a tiny rural bank in Washington state with just 3 employees, bankruptcy hearing shows

The Palouse hills in Whitman County, Washington, where FTX’s investment is located. Education Images/Universal Images Group via Getty Images; Tom Williams/CQ-Roll Call, Inc via Getty Images Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800. Then FTX bought an $11.5 million stake in the bank, it…

Billionaire investor Bill Ackman is shorting the Hong Kong dollar in a bet it’ll lose its peg to the greenback

Bill Ackman is betting against the Hong Kong dollar. Sylvain Gaboury/Getty Images Bill Ackman said on Wednesday that he’s betting against the Hong Kong dollar. The billionaire investor thinks the Fed’s rate rises will break the currency’s peg to the dollar. “The peg no longer makes sense for Hong Kong and it is only a…