Business

Alibaba earnings down as China tech giants face turmoil

Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, indicating that a government crackdown on the country's tech giants was having little impact on its core ...

Business

Activision Blizzard executive exits following sexism row

Activision Blizzard unveiled a management shakeup Tuesday following employee protests and a California state lawsuit alleging the "Call of Duty" game giant enabled toxic workplace conditions and discriminated against women.

Business

China's Tencent limits gaming for minors after media outcry

China's biggest gaming company, Tencent Holdings, said Tuesday it will limit gaming time for minors and ban children under age 12 from making in-game purchases after a state media article called games "spiritual opium."

Business

China gaming shares dive after 'spiritual opium' warning

Shares of Tencent and other major Chinese gaming companies plummeted Tuesday after a state-run media article described online games as "spiritual opium", prompting the tech giant to consider a playing ban on children under ...

Business

Australia's Qantas to furlough 2,500 workers

Australian airline Qantas announced Tuesday it will furlough 2,500 workers as coronavirus outbreaks and regional lockdowns pummel demand for flights.