Business news

Internet

WhatsApp delays data sharing change after backlash

WhatsApp on Friday postponed a data-sharing change as users concerned about privacy fled the Facebook-owned messaging service and flocked to rivals Telegram and Signal.

Business

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China's third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump's last week in office.

Business

Delta Air Lines reports huge annual loss but eyes better 2021

Delta Air Lines reported a massive loss Thursday for 2020 following the devastating impact of the coronavirus on air travel, but said it expects to return to profitability later this year.

Business

Connecticut probing Amazon's e-book deals with publishers

Connecticut authorities are investigating whether Amazon's e-book deals with certain publishers are anticompetitive and violate antitrust laws, state Attorney General William Tong said Thursday.

Business

Norwegian Air to end long-haul flights, focus on Europe

Low-cost carrier Norwegian Air Shuttle said Thursday it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring.

Business

Brexit adds to airline virus woes in Britain

Already grounded by the coronavirus pandemic, airlines operating in the UK are facing post-Brexit obstacles to flying across the European Union, and their shareholders are paying the price.

Internet

Tech giants hope for US data privacy law

Google, Twitter and Amazon are hopeful that Joe Biden's incoming administration in the United States will enact a federal digital data law, senior company officials said at CES, the annual electronics and technology show.

Business

EU court opinion leaves Facebook more exposed over privacy

Any EU country can take legal action against companies like Facebook over cross-border violations of data privacy rules, not just the main regulator in charge of the company, a top court adviser said Wednesday.

Internet

Massive US tech show becomes a digital event

A digital version of the Consumer Electronics Show kicked off Monday, showcasing technology innovations from around the world as the pandemic has people relying on gadgets and the internet in their daily lives.

Business

Turkey probes WhatsApp-Facebook data sharing

Turkey's competition authority on Monday opened an investigation into WhatsApp's decision to share more of its user data with its parent company Facebook.

Business

Amazon pushes Parler offline after Capitol attack

Amazon will suspend Parler, the tech giant confirmed Saturday, sending the social media network offline after it was banned by Apple and Google for allowing "threats of violence" in the wake of a deadly riot at the US Capitol.

Consumer & Gadgets

Major CES gadget show turns to tech for virtual salvation

The Consumer Electronics Show known for crowds, sensory-overload, and deal-making is relying on technology it has long hawked to put pizzazz into its first virtual event, kicking off Monday.

Internet

How the blockchain can unshackle markets

The blockchain that underpins digital currencies can be used much more widely to create smart contracts and immutable and protected digital products and services. The potential of this innovation is only now being recognized ...

Business

Uber and Lyft increase average vehicle ownership in urban areas

The landscape of individual transportation has changed drastically since the rise of rideshare apps like Uber and Lyft. Where before, getting from A to B required you to either take public transportation, locate a taxi, or ...

Internet

UK investigates Google's plan to revamp Chrome browser

Britain's competition watchdog said Friday it launched an investigation into Google's plan to overhaul its ad data system over worries it could leave even less room for rivals in the online ad industry.

Business

Hyundai shares soar on Apple car talks reports

Shares in South Korean automaker Hyundai soared Friday on the back of reports it was in talks with Apple for a joint project to manufacture self-driving electric vehicles.

Business

The ex-cop behind China's largest gay dating app

Browsing the internet as a young policeman in China, Ma Baoli recalls the sheer volume of web pages telling him he was a pervert, diseased and in need of treatment—simply because he was gay.

Business

Airbus orders plunge 65 percent as airlines hunker down

European plane maker Airbus said Friday that it garnered just 268 net new orders last year, a drop of 65 percent year-on-year reflecting persistent fears about the prospects for air travel amid the coronavirus crisis.

Business

India IT giant TCS sees profits jump on pandemic demand

India's largest software exporter Tata Consultancy Services saw its quarterly profits climb more than seven percent Friday, citing strong demand for its cloud services as the pandemic boosts remote working.