Automotive

Ford unveils venture with chip company to boost supply

Ford announced Thursday a "strategic collaboration" with chip company GlobalFoundries to bolster its supply of semiconductors as the automaker grapples with a global shortage of the crucial components.

Business

China's Singles' Day shopping extravaganza loses luster

China's Singles' Day, the world's largest online shopping festival which falls on Nov. 11 every year, is losing its shine, with less marketing hype and a crackdown on the technology industry.

Business

Nokia 3Q profit beats expectations despite chip shortage

Wireless and fixed-network equipment maker Nokia on Thursday reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global shortage ...

Internet

Facebook seeks to defend itself after scathing reports

Facebook on Tuesday fired back after a series of withering Wall Street Journal reports that the company failed to keep users safe, with the social media giant noting an increase in staff and spending on battling abuses.

Business

Silicon Valley finds remote work is easier to begin than end

Technology companies that led the charge into remote work as the pandemic unfurled are confronting a new challenge: how, when and even whether they should bring long-isolated employees back to offices that have been designed ...

Business

China's Alibaba promises $15.5B for development initiatives

E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay ...

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