Ericsson to cut 8,500 jobs worldwide
Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.
Feb 24, 2023
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Business
News tagged with economic groups
Business
Alibaba quarterly revenue rises 2%: earnings report
China's Alibaba Group said Thursday its revenue rose two percent year-on-year in the quarter ending December 2022, as the internet giant shook off the impact of strict COVID containment measures and a slump in consumer demand.
Feb 23, 2023
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Business
China's Ant Group says founder Jack Ma will give up control
E-commerce billionaire Jack Ma will give up control of Ant Group, the leading Chinese financial technology provider he founded.
Jan 8, 2023
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Business
Jack Ma: tycoon who soared on China's tech dreams grounded by regulators
Jack Ma, the unconventional billionaire founder of tech giant Alibaba and the totem of China's entrepreneurial brilliance, has stepped out of the limelight since a Communist Party crackdown that chopped back his empire.
Jan 7, 2023
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Business
Jack Ma living in Japan after China tech crackdown: FT
Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.
Nov 30, 2022
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Engineering
Prediction of human movement during disasters could allow for more effective emergency response
The COVID-19 pandemic, bigger and more frequent wildfires, devastating floods, and powerful storms have become unfortunate facts of life. With each disaster, people depend on the emergency response of governments, nonprofit ...
Aug 10, 2022
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Business
Alibaba quarterly revenue flat for first time ever in June
Chinese e-commerce giant Alibaba reported flat revenue growth on Thursday for the first time ever, as the country grappled with an economic slowdown and COVID-19 resurgences kept consumers jittery.
Aug 4, 2022
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Business
China tightens political control of internet giants
The ruling Communist Party is tightening political control over China's internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology.
Oct 3, 2021
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Automotive
BMW cuts jobs, ends self-driving project with Mercedes
BMW will slash 6,000 jobs this year and freeze a major self-driving technology collaboration with rival Mercedes-Benz as the German luxury carmaker sees demand plunging because of the coronavirus pandemic.
Jun 19, 2020
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Business
Microsoft: 'carbon-negative' by 2030 even for supply chain
Microsoft is pledging to become 100% "carbon-negative" by 2030 by removing more carbon from the environment than it emits.
Jan 16, 2020
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