Article by EDITORIAL TEAM

Key Points: Apple strongly opposes Canada's new Bill C-22 because it requires tech companies to break device encryption completely. The ruling Liberal Party introduced the bill 1 month ago to help police investigate severe security threats much faster. Apple warned that creating just 1 digital backdoor puts millions of device users at major risk of daily cybercrime. United States officials and Meta tech leaders also...

Key Points: French authorities officially upgraded their ongoing investigation into Elon Musk and his social network X to a full criminal probe. Prosecutors summoned Musk and former X executive Linda Yaccarino for questioning on April 20, but both leaders refused to appear. The investigation targets accusations that the X algorithm manipulated French politics and allowed the Grok AI tool to generate illegal deepfake images. The...

Key Points: Cloudflare expects second-quarter revenue to fall between $664.0 million and $665.0 million, slightly missing the $665.3 million Wall Street estimate. The company plans to lay off about 20% of its global workforce, which affects more than 1,100 employees across various departments. Cloudflare shares plunged more than 13% during extended trading after leadership announced the disappointing financial outlook and job cuts. Executives Matthew Prince...

Key Points: The European Commission will unveil a new "Tech Sovereignty Package" on May 27 to build local digital independence. Proposed rules will stop European governments from using US cloud companies for highly sensitive public-sector data. Public organizations will need to use homegrown European cloud networks to store judicial, financial, and health records. The new restrictions only target government contracts and leave private-sector companies entirely...

Key Points: The Trump administration organized a powerful business delegation for a diplomatic trip to China next week. The invitation list includes chief executives from Apple, Nvidia, Boeing, Exxon, and several major financial firms. Companies like Qualcomm and Apple rely heavily on the Chinese market for billions of dollars in annual revenue. Executives hope to negotiate better market access and navigate strict export rules during...

Key Points: The European Commission plans to release a massive technology sovereignty package at the end of May. Europe wants to reduce its heavy reliance on American computer chips and massive cloud storage services. The European Union will launch a €5 billion fund to offer €100 million investment rounds to local companies. Nvidia chief executive Jensen Huang praised Central and Eastern Europe as a major...

Key Points: Wholesale used-vehicle prices fell 1.6% in April as buyers reacted to skyrocketing gasoline prices. The national average for a gallon of gas hit $4.56 amid the ongoing military conflict in Iran. Shoppers now actively seek older, cheaper vehicles to offset the massive financial drain at the fuel pump. Used electric vehicle sales increased 7.2% over the past year as drivers try to escape...

Key Points: American startup Lunar Outpost raised $30 million to build a smaller moon vehicle named Pegasus quickly. NASA Administrator Jared Isaacman recently asked private companies to submit simpler rover designs for faster deployment. The company plans to launch the new Pegasus rover in 2027 while pushing its larger vehicle to 2030. NASA plans to spend more than $30 billion to build a permanent human...

Key Points: ElectroMobility Poland and Foxconn plan to build a massive electric car factory in Jaworzno. The partnership aims to launch a new local auto brand starting with 3 unique models. European electric car sales jumped 33 percent in the first quarter due to high fuel prices. The two companies expect to sign binding agreements and form a joint venture by late 2026. State-backed ElectroMobility...