Business news

Business

Legal system fails to protect people from malicious copyright cases at the cost of sexual privacy, study warns

Changes need to be made to the UK legal system to protect people from exploitative litigation designed to prey on vulnerabilities, a new study warns.

Business

The changing geography of 'energy poverty': Study shows homes in the South and Southwest could use more aid

A growing portion of Americans who are struggling to pay for their household energy live in the South and Southwest, reflecting a climate-driven shift away from heating needs and toward air conditioning use, an MIT study ...

Business

US weighs Google breakup in landmark trial

The US Department of Justice said on Tuesday it would demand that Google make profound changes to how it does business and even consider the possibility of a breakup, after the tech juggernaut was found to be running an illegal ...

Business

Taiwan's Foxconn says building world's largest 'superchip' plant

Taiwanese tech giant Foxconn said on Tuesday it is building the world's largest production plant for US hardware leader Nvidia's GB200 "superchips" that power artificial intelligence servers.

Business

Samsung third-quarter forecast misses expectations

Samsung Electronics said Tuesday it expected third-quarter profits to jump almost three-fold, but fell short of market expectations as it struggled to leverage robust demand for chips used in artificial intelligence servers.

Business

US industrial policy may strengthen EV battery supply chain

Vehicle electrification is an important pathway to reducing global greenhouse gas emissions. The supply chain for electric vehicle battery materials relies heavily on China, a dependency that can leave the US vulnerable to ...

Business

EU states greenlight extra tariffs on EVs from China

EU countries gave a definitive green light on Friday to hefty additional tariffs on electric cars made in China, despite strong German opposition and fears it will trigger a trade war with Beijing.

Business

What next for OpenAI after $157 billion bonanza?

ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google.

Business

Meta must limit data use for targeted ads: EU court

Social media platforms such as Meta's Facebook must limit the use of personal data including someone's sexual orientation for targeted advertising, the European Union's top court ruled Friday.

Business

Irish regulator to probe Ryanair use of facial recognition

Ireland's data watchdog said Friday it will probe whether budget airline Ryanair's use of facial recognition to check the identity of customers booking through third-party websites violates EU privacy laws.

Business

Green subsidies may have hidden costs, experts warn

Government subsidies for business practices and processes should be approached with caution, even when they seem to be environmentally friendly, writes a group of scientists and economists in this week's Policy Forum in the ...

Business

Netflix sets $7 monthly price for its ad-supported service

Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions.

Business

'Brain drain' hits Africa's tech developers

When Samuel Onidare returned to Nigeria from the United Kingdom a year ago, he had difficulty convincing his colleagues that he made the right decision.

Business

Easyjet warns of another annual loss

British airline EasyJet on Thursday warned of a third annual loss in a row, as sector-wide disruption and a strong dollar offset a recovery from the pandemic.

Business

What if Apple made an e-bike?

For seven years, Horace Dediu has been thinking about one idea almost every day. A longtime handset industry analyst and avid Apple follower, Dediu, 54, also popularized the term "micromobility" to describe a growing array ...

Consumer & Gadgets

Overwatch 2 illustrates challenges facing esports industry

Blizzard Entertainment positioned its popular shooter Overwatch as a major player on the esports scene. But the company has hit some stumbling blocks and faced criticism as it launches a sequel, Overwatch 2, including problems ...

Business

TikTok going big on US e-commerce? Job listings offer clues

TikTok appears to be deepening its foray into e-commerce with plans to operate its own U.S. warehouses, the kind of packing and shipping facilities more associated with Amazon or Walmart than the social media platform best ...

Consumer & Gadgets

Assess these 13 risks when investing in cryptocurrencies

Blockchain-based cryptocurrencies can be a revolutionary digital innovation and opportunity for the whole finance industry, but they are not risk-free. A new doctoral dissertation by Niranjan Sapkota from the University of ...