Business News

Local products replace Western brands as boycott gains momentum on Ramadan
2024-03-21 05:42:36
Amid the ongoing conflict, Arab nations intensify boycotts against brands such as McDonald’s, Coca-Cola, and Carrefour, promoting local brands in a show of solidarity with Palestinians.
A battery price war is kicking off that could soon make electric cars cheaper
2024-03-20 19:37:07
The main cost of an electric vehicle (EV) is its battery. The high cost of energy-dense batteries has meant EVs have long been more expensive than their fossil fuel equivalents.
YouTuber Mr. Beast's Amazon reality competition to offer $5 million prize
2024-03-20 16:35:16
MrBeast, YouTube's most profitable content creator, is bringing his "biggest project ever" to Amazon with a $5 million prize.
Texas governor announces new innovation group aimed at bolstering state as a chipmaking hub
2024-03-20 16:35:15
A newly formed Texas Innovation Consortium Fund will promote microchip production in the state and expand workforce training programs at colleges and universities, Gov. Greg Abbott announced March 19 at the University of Texas at Dallas.
Tech company Stuzo plans to woo Wawa after being sold for $190 million to a NY firm
2024-03-20 16:35:15
"Next, we want Wawa!" said a laughing Gunter Pfau, founder of Stuzo Holdings LLC, a Center City-based software firm whose platform powers transactions at convenience store and gas station chains. On March 11, Pfau sold Stuzo to Par Technology Corp. of New Hartford, N.Y., for $190 million in cash and stock.
Nvidia, San Jose mayor embrace startups at tech titan's AI gathering
2024-03-20 16:35:15
An Nvidia executive and San Jose's mayor touted Silicon Valley's artificial intelligence and innovation boom at a packed event for startups and entrepreneurs during the tech titan's GTC 2024 gathering.
Chipotle plans rare 50-for-1 stock split as share price nears $3,000
2024-03-20 15:29:02
The Mexican-themed restaurant chain known for charging extra for guacamole is experiencing "record revenues, profits and growth."
5 low-risk ways to earn 5% or more on your money this spring, according to experts
2024-03-20 15:29:02
There are several ways to earn relatively high returns without taking on much risk this spring. Here's what to know.
Save hundreds with all the best deals from Amazon's Big Spring Sale
2024-03-20 15:24:30
From must-have kitchen goods to family-sized grills, nab these discounts now during the Amazon Big Spring Sale.
Our favorite food storage containers are 38% off at Amazon's Big Spring Sale
2024-03-20 15:09:06
Tidy up your kitchen pantry for spring cleaning with these customer-loved food storage containers.
Google hit with 250-mn-euro French fine in news copyright fight
2024-03-20 15:03:51
French regulators said Wednesday they were fining Google 250 million euros ($272 million) for breaching commitments on paying media companies for reproducing their content online and for using their material for its AI chatbot without telling them.
Chinese internet giant Tencent posts lowest annual profit since 2019
2024-03-20 15:03:50
Chinese internet giant Tencent on Wednesday posted its lowest annual profit since 2019, despite slight improvements recently in China's economy and a more lenient attitude taken by regulators towards the tech sector.
Three Ant Group subsidiaries to go independent in Chinese fintech giant’s biggest restructure since blocked IPO · TechNode
2024-03-20 15:03:50
The restructuring is likely to grant more flexibility for businesses within the fintech affiliate universe of Alibaba and is intended to unleash their growth potential under Ant’s globalization strategy.
In conversation with Bingbing Zhao: How London has become a top target for tech companies from China and beyond · TechNode
2024-03-20 12:44:53
Note: The article was first published on TechNode China written by Penghui Li and translated by Zinan Zhang and Jake Newby. Attempting to summarize the
Microsoft hires DeepMind co-founder to lead AI unit
2024-03-20 10:24:01
DeepMind co-founder Mustafa Suleyman will become the head of a newly created consumer AI unit at Microsoft, the scientist and entrepreneur said on Tuesday.
Pair accused of stealing battery manufacturing secrets from Tesla and starting their own company
2024-03-20 10:24:01
Two men are accused of starting a business in China using battery manufacturing technology pilfered from Tesla and trying to sell the proprietary information, federal prosecutors in New York said Tuesday.
Nvidia expects no 'doomsday' in US vs China tensions
2024-03-20 10:24:01
Nvidia chief Jensen Huang said Tuesday he does not expect a "doomsday scenario" but is readying for the worst over tension between China and the United States.
Apple CEO in China ahead of Shanghai store opening
2024-03-20 10:24:01
Apple CEO Tim Cook was on a China charm offensive Wednesday ahead of a new flagship Shanghai store opening, weeks after a report suggested the company's sales in the country slumped at the start of 2024.
JetBlue is cutting unprofitable routes and leaving 5 cities
2024-03-20 01:34:33
These are the routes JetBlue is retiring, including cities to where it is no longer flying, as it focuses on more popular and profitable destinations.
How 2 companies are taking different approaches to carbon capture as climate reports show rising temperatures
2024-03-20 01:34:26
2023 was confirmed as the hottest year on record and rising temperatures led to the loss of 1 million square kilometers of arctic ice​.

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