As the tech industry and the business industry are closely linked, it’s well worth making an effort to keep up to date on how the latest tech developments are influencing the world of international business. If you continue reading, you’ll discover a few tech and business news articles that you should find interesting.
New Tech and Business News:
Bitcoin and alternate cryptocurrencies experience volatility due to Elon Musk’s tweets:
While Elon Musk was formerly an outspoken fan of Bitcoin, in recent weeks Musk has attacked Bitcoin’s popularity by claiming that it wasn’t green and that the supercomputers that are used to mine Bitcoin are not energy efficient and have a massive carbon footprint. Instead Musk through his influence behind one of the latest trends in the cryptocurrency space, Doge. Which first started as a meme coin, but gained traction with individuals in their 20s and 30s. However, many of Elon Musk’s fans have turned on the billionaire as they believe that his comments alone caused them to lose large amounts of money.
Although Elon, isn’t the only one to blame for cryptocurrencies rough past few weeks as the regulation of cryptocurrencies around the world has also spooked owners of cryptocurrencies and has convinced many individuals to sell all of their allocation of Bitcoin and altcoins. For example, Biden released a plan that cryptocurrency transactions over $10,000 would be reported to the IRS if he has his way.
International stock markets dip due to cryptocurrencies fall:
While many individuals aren’t interested in cryptocurrencies falling, they should be alarmed as when cryptocurrencies fall in price, international stock markets also plummet. As cryptocurrencies are popular throughout the world and the industry for cryptocurrencies is huge. So if you have money invested in the stock market, it’s important to keep up to date with how the crypto world influences all of the world’s major stock markets. As in most parts of the world such as Asia and the United States, when the price of the world’s most popular digital coin, Bitcoin drops, so does the average price of popular stocks.
Uber agrees on a union deal in the United Kingdom:
Uber the world’s most popular ride-sharing app, has just negotiated a successful union deal in the United Kingdom. Although Uber chose to fight its drivers in court for several years, they finally agreed to recognize trade representation for over 70,000 Uber drivers across the United Kingdom. This sets a precedent for the bargaining rights of gig workers who don’t want to be exploited by huge corporations like Uber who don’t want to guarantee their drivers fair rights. Uber claims that they are willing to privately talk to union representatives about their drivers’ needs and wants. One of the biggest wins for Uber drivers is that in the UK, they’ll be able to reach out to representatives to aid them if they believe that they have been unfairly blocked from accessing their Uber account.
So if you’re curious about the connection between the business industry and the ever-changing tech industry, hopefully, you now understand some of the ways that they are interlinked.