Business news

Business

World's 10 richest men doubled wealth during COVID: report

The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday.

Business

FAA sets rules for some Boeing 787 landings near 5G service

Federal safety officials are directing operators of some Boeing planes to adopt extra procedures when landing on wet or snowy runways near impending 5G service because, they say, interference from the wireless networks could ...

Business

Why aren't we going full steam with carbon capture?

As early as 2005, carbon capture and storage was identified by the UN's Intergovernmental Panel on Climate Change (IPCC) as one of the solutions for tackling climate change. So why aren't we going full steam with carbon capture?

Business

Facebook faces UK legal action over 'dominance'

Facebook was set to be targeted Friday by a multi-billion-dollar class action suit from a British competition law expert, who alleges that the US social network abused its dominant position with "unfair" terms.

Business

Google buys London office complex for $1bn

Google on Friday agreed to buy a central London building complex for $1 billion, but stressed it remained committed to new hybrid working patterns in the wake of COVID.

Business

Boeing deliveries rose in 2021 but still lag Airbus

Boeing delivered more than twice as many commercial planes in 2021 as the year earlier, but still lagged its archrival Airbus in the closely-watched industry benchmark, according to figures released Tuesday.

Business

Amazon is focus of push to curb 'rank-and-yank' worker ratings

For years, white-collar employees at Amazon.com Inc. have accused the company of using opaque "rank-and-yank" performance reviews to periodically cull its workforce. Now a proposed law in Amazon's home state of Washington ...

Business

Amazon union vote re-do date set in US

Labor organizers and e-commerce giant Amazon are set for a rematch vote to begin next month on whether workers will form a union at a warehouse in Alabama, officials said Tuesday.

Business

What day is it? UAE works on Friday for first time

Employees and schoolchildren juggled work and studies with weekly Muslim prayers on the first ever working Friday in the United Arab Emirates as the Gulf country formally switched to a Saturday-Sunday weekend.

Business

New York Times buys sports site The Athletic for $550M

The New York Times Co. is buying sports news site The Athletic for $550 million, the latest move in its strategy to expand its audience of paying subscribers as the newspaper print ads business fades.