Business news

Business

Cryptocurrency exchange says it was victim of $1.5 billion hack

A major cryptocurrency exchange says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital currency, marking one of the biggest online thefts of all time.

Consumer & Gadgets

For push promotions, timing is everything: How brick-and-mortar retailers can compete with Amazon

You're leaving the office, when your phone dings. A nearby store is having a sale on a smartwatch, and an app displays a coupon for 20% off. You head right over.

Business

Trump considering 'alternatives' to Boeing for Air Force One contract

Donald Trump said his administration was "looking at alternatives" to Boeing following delays in delivering two new models of the US presidential Air Force One plane.

Business

Labor Action Tracker: Work stoppages in '24 fewest since '21

The number of U.S. work stoppages decreased by 23.8% in 2024, compared to 2023, and the approximate number of workers decreased by 45.5%, according to the fourth annual Labor Action Tracker report.

Business

Niger turns to satellites to bridge digital divide

Less than a third of Niger's vast territory has internet access, so the west African country is betting on satellite broadband to bridge the digital divide in remote rural areas.

Business

Meta plans undersea cable to link five continents

Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.

Consumer & Gadgets

A guide for using VR and AR technology in foreign markets

Global businesses are embracing augmented reality (AR) and virtual reality (VR) to connect with consumers around the world. The technologies offer new ways to get a feel for products before buying—for everything from virtually ...

Business

Is life getting better for China's tech billionaires?

According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China's richest person, now with a net worth of more than A$65 billion, placing him 27th globally.

Business

US accuses social media giants of 'vast surveillance'

A years-long analysis shows that social media titans engaged in "vast surveillance" to make money from people's personal information, according to the US Federal Trade Commission (FTC).

Business

Cathay Airbus engine fire linked to cleaning: EU regulator

A cleaning process leading to fuel hose degradation during refurbishment may have caused a recent Airbus A350 engine fire that triggered dozens of Cathay Pacific flight cancellations this month, the EU aviation regulator ...

Business

Supply chain report tackles hydropower's missing links

Solar panels and wind turbines get a lot of attention in the current conversation about renewable energy. Meanwhile, hydropower is quietly, consistently producing large amounts of clean energy—and has been for more than ...

Business

Meta and Spotify blast EU decisions on AI

A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).

Business

'Hunger Games' studio Lionsgate to partner with AI company

Lionsgate will work with artificial intelligence research company Runway to create and train a new artificial intelligence model customized to the "Hunger Games" and "John Wick" studio's film and TV content, marking the AI ...