Business news

Business

Surf and bitcoin, El Salvador beach town rides crypto wave

The beach town of El Zonte on El Salvador's Pacific coast is a laid back surfer's haven with white beaches, palm trees, and a small population of 3,000 people.

Business

Bills that could force Big Tech breakups unveiled in House

A group of House lawmakers put forward a sweeping legislative package Friday that could curb the market power of Big Tech companies and force Facebook, Google, Amazon or Apple to sever their dominant platforms from their ...

Consumer & Gadgets

Rapid delivery grocery apps: Will they permanently change how we shop?

Billions of dollars are flowing to support companies you may never have heard of—startups with memorable names like Zapp, Deliveroo, Getir and Gorillas. These speedy delivery companies have become the go-to for many grocery ...

Business

Amazon now says remote work OK 2 days a week

Corporate and tech employees at Amazon won't have to work in offices full time after coronavirus restrictions are lifted.

Business

US music publishers sue Roblox for $200 mn over copyright

US music publishers representing artists such as Ariana Grande, Imagine Dragons and the Rolling Stones said Thursday they are suing hit video game Roblox for allegedly using songs without permission.

Business

Chinese ride-hailing app Didi files for New York listing

Ride-hailing giant Didi Chuxing has filed to list its shares in New York, a high-profile move by a Chinese tech firm in the United States despite soaring tensions between the superpowers, with reports saying it could be one ...

Business

First-ever NFT sells for $1.47 mn at auction

The first non-fungible token (NFT) ever created sold at auction on Thursday for $1.47 million, Sotheby's said, the latest sale in the technological revolution sweeping the art market.

Business

Researchers build supply chain model to support hydrogen economy

Over the past decades, the need for carbon-free energy has driven increasing interest in hydrogen as an environmentally clean fuel. But shifting the economy away from fossils fuels to clean-burning hydrogen will require significant ...

Business

Amazon may prove exception to global tax rules

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.

Business

Bitcoin sinks and approaches $30,000

The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies in its wake.

Business

Musk, Bezos, other billionaires avoid US income taxes: report

Several of the richest Americans have paid zero income tax in some years, according to an investigative report Tuesday that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and ...

Business

Foxconn subsidiary hit as Taiwan virus cluster grows

A subsidiary of Taiwan's tech giant Foxconn said Tuesday it has temporarily suspended operations after six foreign workers tested positive for COVID-19 in the latest outbreak within the industry.

Business

Taiwan tech sector hit by coronavirus outbreak

A leading Taiwanese chip testing and packaging company said Monday that all its migrant employees have been suspended from working for around two weeks to contain a coronavirus outbreak.

Internet

Microsoft says "tank man" image blocking due to human error

Microsoft Corp. blamed "accidental human error" for its Bing search engine briefly not showing image results for the search term "tank man" on the anniversary of the bloody military crackdown in Beijing's Tiananmen Square ...

Business

Hopes for 'historic' global corporate tax deal as G7 meets

Finance ministers from wealthy G7 nations are on Saturday expected to announce support for a minimum global level of corporate tax, aimed at getting multinationals—especially tech giants—to pay more into government coffers ...

Business

United Airlines sees a supersonic future

United Airlines aims to bring back supersonic travel before the decade is over with a plane that is currently just an artist's drawing—even the prototype hasn't flown yet.

Consumer & Gadgets

A better way to introduce digital tech in the workplace

When bringing technologies into the workplace, it pays to be realistic. Often, for instance, bringing new digital technology into an organization does not radically improve a firm's operations. Despite high-level planning, ...