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Business

Apple's iPhone 16 hits Indonesia stores after monthslong ban

Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a months-long ban in Indonesia.

Business

Tesla opens first showroom in oil-rich Saudi

The Tesla electric vehicle company owned by billionaire Elon Musk on Thursday opened its first showrooms in oil-rich Saudi Arabia—where hybrid cars remain a rare sight.

Business

Apple has few incentives to start making iPhones in US, despite Trump's trade war with China

President Donald Trump's administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time.

Business

OpenAI countersues Musk as feud deepens

Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without ...

Business

TikTok fuels ByteDance revenue as US ban looms: report

TikTok's international revenue boomed last year as China-based parent ByteDance faced a deadline to sell the app or have it banned in the United States, The Information reported on Thursday.

Business

US takes aim at Zuckerberg's social media kingdom

Barring any eleventh-hour intervention, social media juggernaut Meta will stand trial next week facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could ...

Business

Author of explosive Meta memoir to star at US Senate hearing

The former Facebook employee behind a scathing book about parent company Meta will testify Wednesday before US senators keen to establish whether the social networking giant ever collaborated with the Chinese government.