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

Canadian urban mobility is woefully lacking, but building a better future is still possible

Canadian cities are falling behind globally when it comes to efficiently moving people. Long commute times, high congestion rates and infrastructure that is vulnerable to climate change are symptoms of a mobility crisis.

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

Study: Cash payments remain key part of equitable transit

Today, there are more ways than ever to pay a bus fare. Instead of painstakingly counting their change into a farebox, transit riders can quickly tap their phone or swipe an auto-reloadable transit card.

Business

Meta to freeze hiring to tighten budget: report

Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported.

Business

Musk and Twitter CEO Agrawal were briefly pals, texts show

Newly disclosed text messages between Elon Musk and Twitter CEO Parag Agrawal showed that the two men briefly bonded in the spring over their love of engineering—at least until Musk publicly tweeted this message early on ...

Business

Bitcoin as environmentally costly as beef production

Taken as a share of the market price, the environmental costs of mining the digital cryptocurrency Bitcoin are more comparable to the climate damages of producing beef than gold mining costs, according to analysis published ...

Business

Google shutting down cloud gaming service Stadia

Google on Thursday said it is shutting down Stadia, the cloud video game service it launched three years ago to let people access console-quality play as easily as they do email.

Business

Google promises Greece 20K jobs with cloud expansion

Google announced plans Thursday to expand its cloud services infrastructure to Greece, promising to create nearly 20,000 jobs through direct investment and partnerships by the end of the decade.

Business

Amazon to raise average hourly pay by $1 to $19 in October

Amazon said Wednesday it's raising its average starting pay for frontline workers from $18 to $19 a hour, a boost that could help it attract more employees in a tight labor market as the holiday season approaches.

Business

Pie from the sky: drone delivery lands in America

The little aircraft appeared out of the blue sky above a Texas home, deposited its payload of a mid-morning snack in the yard and zoomed off, as deliveries by drone start becoming a reality in America.

Business

Amazon's self-driving units coming 'sooner than people expect'

The chief executive officer of Zoox, Amazon.com Inc.'s self-driving unit, expects autonomous vehicles to be present in cities "sooner than people expect," but stopped short of saying when her own company's product would appear ...

German logistics firm to print parts to cut supply chain woes

German logistics company DB Schenker said Wednesday its customers can order components from a "virtual warehouse" that it will then produce with 3D technology, in a new service aimed at circumventing delivery waits and supply ...

Musk seeks to lift regulator 'muzzle' on Tesla tweets

Tesla chief Elon Musk has asked a New York court to overturn a provision in an agreement with the US securities regulator requiring a lawyer's pre-approval of tweets related to the electric vehicle company.