Business

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.

Business

Security scanners across Europe tied to China govt, military

At some of the world's most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China's military and the highest levels of the ruling Communist Party.

Business

Tale of two companies: Airbus recovers as Boeing reels

The aviation industry is slowly recovering from last year's Covid-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises.

Consumer & Gadgets

MWC mobile tech fair to show off new phones, AI, metaverse

The latest folding-screen smartphones, immersive metaverse experiences, AI-powered chatbot avatars and other eye-catching technology are set to wow visitors at the annual MWC wireless trade fair that kicks off Monday.

Energy & Green Tech

Chinese electric car brand NIO looks at expansion abroad

Chinese electric car brand NIO plans to start expanding to Western markets next year and might export a battery-swapping service that could help it compete with rival Tesla, the company's chairman said Thursday.

Business

China begins anti-monopoly probe into tech giant Alibaba

China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma.

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