Russia has jumped to a 53rd position on the Global Competitiveness Report in 2014, gaining 11 points and being named among three states which recorded higher values in all areas since 2010. This is the country’s biggest leap ever.
The popular taxi app Uber has been temporarily banned by a regional court in Germany. The fast-growing company will be fined up to €250,000 every time it provides service without a license anywhere in the country.
A remote part of the Australian state of Queensland has been chosen by Google’s clandestine research facility for testing the company’s future drone delivery fleet. The system has tremendous potential to transport goods more quickly, Google[x] claims.
Economic bridges continue to burn in the US-Russia sanctions standoff, with the latest casualty being US firm Applied Materials, which can no longer export IT equipment to Russia’s nanotechnology giant Rusnano.
The surprise visit of regulators to Microsoft’s offices across China on Monday has marked a dangerous turn for the US tech giant’s operations in China, once the hottest growth market for companies making iPhones, Xboxes, or running search engines.
HP has unveiled its revolutionary supercomputer, The Machine. The all-in-one device – a server, workstation, PC and phone – uses photonic memory and is portable, potentially opening doors to a more powerful, energy-efficient global computer industry.
EU ministers have agreed to 7% cap on the use of food-based biofuels in transport fuel. The agreement comes after a long-standing controversy, with biofuels being criticized for adding to environmental problems.
Google, already the world’s most popular search engine and dominant player in retail, entertainment, education, and even self-driving cars, now wants to revamp the US energy industry. It is looking to make the delivery of electricity more efficient.
Facebook wants to become the biggest media source for the football World Cup in Brazil. The biggest social network says it’ll outperform Twitter, because its 500 million users interested in football is twice the size of Twitter’s monthly user base.
Pavel Durov, ex-CEO of Vkontakte (VK), Russian Facebook, has filed a case against former business partners at United Capital Partners (UCP) in a New York court. Durov accused them of conspiring to obtain shares in his new WhatsApp spin-off Telegram.