Business news

Consumer & Gadgets

Exploring the hidden costs of free apps

Procrastination, sleep deprivation and reduced focus are part of the price we pay for free mobile apps. This is according to researchers at Linköping University and RISE, who have investigated the costs hidden behind the ...

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

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

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

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

Apple faces £750 mn lawsuit over iPhone software update

Apple is facing a £750 million (878 million euros, $918 million) lawsuit in Britain after a consumer rights champion on Thursday filed a claim accusing the US tech giant of secretly slowing down older iPhone models.

Business

Activision board says execs didn't ignore harassment

The board of directors of US video game publisher Activision Blizzard said Thursday that there was no evidence to suggest that management had ignored or minimized accusations of sexual harassment.

Business

Qatar Airways posts record $1.5B profits ahead of World Cup

Qatar Airways, one of the Mideast's largest carriers known for on-board comfort and luxury, said Thursday its profits over the past fiscal year topped $1.5 billion, marking the highest ever earnings for the state-owned carrier ...

Business

Musk aims to ease concerns in address to Twitter workers

In an unusual move for what's been an unusual takeover bid by the world's richest man for Twitter, Tesla CEO Elon Musk will address the social platform's employees Thursday, even though his $44 billion offer has not yet been ...

Internet

SEC's new crypto enforcers are coming for DeFi, lawyers say

The Securities and Exchange Commission's decision to beef up its cryptocurrency enforcement staff could signal new worries for digital asset exchanges and others in the industry, as the agency broadens its view of whether ...

Business

Coinbase Global plans to cut 1,100 jobs, or 18% of staff

Coinbase Global says it plans to cut about 1,100 jobs, or approximately 18% of its global workforce, as part of a restructuring in order to help manage its operating expenses in response to current market conditions.

Business

Musk aims to ease concerns in address to Twitter workers

In an unusual move for what's been an unusual takeover bid for Twitter by the world's richest man, Tesla CEO Elon Musk met virtually with the social platform's employees Thursday, even though his $44 billion offer has not ...

Business

Google pays $118 mn to settle gender discrimination suit

Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that argued it underpaid female employees and assigned them lower-ranking positions.

Business

Bitcoin slumps under $25,000, lowest in 18 months

Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, months after the cryptocurrency hit a record high.

Business

Is AI the future of art?

To many they are art's next big thing—digital images of jellyfish pulsing and blurring in a dark pink sea, or dozens of butterflies fusing together into a single organism.