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Business

Apple profit ebbs as iPhone sales under pressure

Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback.

Business

US judge grills both sides in landmark Google antitrust trial

A US judge on Thursday pushed against the central pleas of both US government and Google lawyers as he heard their closing arguments at a landmark antitrust trial in Washington.

Business

Microsoft will invest $2.2 billion in cloud and AI services in Malaysia

Microsoft is investing $2.2 billion over the next four years in Malaysia's new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella ...

Business

Artists from Universal Music Group are heading back to TikTok as new licensing deal reached

Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long ...

Business

Q&A: What's behind the potential ban on TikTok?

On April 24, President Joe Biden signed a foreign aid package that included a security addendum—a ban of the popular China-based social media app TikTok unless its parent company is sold to an American firm within nine ...

Business

Italy fines Amazon over 'recurring' purchase option

Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices that push customers into agreeing to "recurring" rather than "one-time" purchases ...

Business

Chinese sellers go to TikTok school to reach buyers abroad

Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users.

Business

What next for TikTok in the US?

TikTok on Wednesday said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States.

Business

TikTok suspends rewards program after EU probe

TikTok on Wednesday announced the suspension of a feature in its spinoff TikTok Lite app in France and Spain that rewards users for watching and liking videos, after the European Union launched a probe.

Business

TikTok to fight US ban law in courts

TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it is controlled by the Chinese government.

Business

Spotify swings to profit, paying subscribers rise

Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.

Business

Google fires more workers who protested its deal with Israel

Google fired at least 20 more workers in the aftermath of protests over technology the company is supplying the Israeli government amid the Gaza war, bringing the total number of terminated staff to more than 50, a group ...