Business

Twitter to pay $150M penalty over privacy of users' data

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators' allegations that the social platform failed to protect the privacy of users' data over a six-year span.

Business

US to press for semiconductor relief at EU tech meeting

US President Joe Biden will use this week's inaugural technology ministerial with the European Union to push for solutions to the nagging semiconductor supply issue that has hit the American economy, officials said Monday.

Business

US to suspend some Boeing-Airbus retaliatory UK tariffs

Britain and the United States said Thursday they had agreed that Washington will temporarily suspend retaliatory tariffs on various UK goods and jointly de-escalate the longstanding fight over Boeing and Airbus subsidies.

Rolls-Royce says to briefly shut UK engine factories

British aircraft engine manufacturer Rolls-Royce said Monday that it will temporarily shut its jet engine factories for a fortnight this summer to combat a coronavirus-fuelled slump in demand.

Automotive

European car sales swerve lower

European car sales swerved lower again in October, industry data showed Wednesday, as countries began to tighten restrictions on businesses to battle the spread of coronavirus infections.

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