Business news

Business

Study warns of $557 trillion in stranded assets by 2050 if fossil fuel investments continue

Continued investment in carbon-intensive industries will drastically increase the amount of "stranded assets" as the world moves to net-zero emissions, researchers warn.

Business

German antitrust watchdog steps up monitoring of Microsoft

Germany's anti-cartel watchdog said Monday it had placed US tech giant Microsoft under closer surveillance for any possible abuse of its market position.

Consumer & Gadgets

Your Google Wallet may soon be able to carry your passport

Globetrotters may soon be able to store their U.S. passport in a Google Wallet.

Consumer & Gadgets

Meta has launched the world's 'most advanced' glasses. Will they replace smartphones?

Humans are increasingly engaging with wearable technology as it becomes more adaptable and interactive. One of the most intimate ways gaining acceptance is through augmented reality (AR) glasses.

Business

UK govt buys semiconductor facility key to defense

The UK government announced on Friday that it had acquired a key semiconductor factory after fears its imminent closure would hamper a crucial supply chain to Britain's armed forces.

Business

OpenAI discusses giving Altman 7% stake in for-profit shift

OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first ...

Business

'Broken' news industry faces uncertain future

From disinformation campaigns to soaring skepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow.

Business

EasyJet founder makes life hard for 'brand thieves'

Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.

Business

Regulating artificial intelligence: From BRICS to beyond

Researchers from the Advancing Systems Analysis (ASA) program recently participated in a seminar inviting expert dialogue on the role of BRICS competition authorities in the fast-maturing era of artificial intelligence (AI) ...

Business

Uber Eats starts robot deliveries in Tokyo

"Caution: robot!" chirps the green self-driving delivery vehicle as it trundles down the street to a pork cutlet restaurant in Tokyo to pick up a meal ordered on Uber Eats.

Internet

Supercharged EU armed—at last—to take on tech titans

Clamping down harder and faster on abuses of power by the world's biggest digital companies: such is the promise of the European Union's new legal arsenal, which comes into full force from Thursday.

Business

Nintendo wins battle against piracy software company

A company that was sued by Nintendo for creating software that allowed the mass pirating of video games agreed Monday to pay the "Super Mario" maker $2.4 million in damages and shutter the tool.

Business

Apple's $2 billion fine heralds a new antitrust dawn

Another day, another multibillion-dollar regulatory fine from Europe that will barely dent the balance sheet of a technology giant. Only this time the European Commission's $2 billion penalty against Apple Inc. marks the ...

Business

Ex-Twitter execs sue Musk for unpaid severance

Former top executives of Twitter sued Elon Musk on Monday saying he has failed to pay them nearly $130 million after the billionaire took over the social media company and dismissed them.

Business

Cost of direct air carbon capture to remain higher than hoped

Switzerland plans to reduce its net carbon emissions to zero by no later than 2050. To achieve this, it will need to drastically reduce its greenhouse gas emissions. In its climate strategy, the Swiss government acknowledges ...

Business

EU's five biggest antitrust fines on big tech

The European Commission's powerful competition regulator on Monday slapped Apple with a 1.8-billion-euro ($1.9-billion) penalty, the third biggest antitrust fine by the European Union.

Software

Optimal shipping carton utilization

Products ordered online are often shipped in oversized cartons. The size of the overall package is frequently much larger than its contents. For example, a fragrance bottle is shipped in a shoebox-sized package, which has ...

Business

Musk sues OpenAI over 'betrayal' of mission

Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in 2015, accusing its leaders of a "betrayal" of its founding mission.