Business News

Apple settles class-action lawsuit over Cook's 2018 China sales comments for $490 million
2024-03-15 20:23:32
Tim Cook was alleged to have defrauded shareholders by concealing underperforming demand for iPhone products in China.
Apple will surrender less than a day of earnings to satisfy class action suit
2024-03-15 20:07:26
The class action lawsuit accusing Tim Cook of misleading investors over falling sales in China has been settled for half a billion dollars.
G7 nations want 'trustworthy' AI but say rules can vary
2024-03-15 19:20:25
G7 technology ministers meeting in Italy pledged Friday to "achieve a common vision and goal of safe, secure, and trustworthy" artificial intelligence, but said the framework could vary between countries.
Apple reaches $490 million settlement over China comments
2024-03-15 19:20:25
Apple has reached an out-of-court settlement to pay $490 million to shareholders who accused the iPhone titan of making misleading statements about its business in China in 2018.
Target is pulling back on self-checkout, limiting service to people with 10 items or fewer
2024-03-15 15:35:29
While they are convenient and can save retailers money, self-checkout lines can also enable more theft.
Honda and Nissan agree to work together in developing electric vehicles and intelligent technology
2024-03-15 14:54:33
Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind.
EU antitrust chief remarks about $2 billion Apple Music fine ignores Spotify dominance
2024-03-15 11:31:26
In an interview on Monday, the European Union antitrust chief said that its $2 billion fine on Apple Music was over obvious consumer harms leading to discovery issues — despite Spotify holding more than twice the market share.
Apple visited White House 87 times in political influence bid
2024-03-15 11:31:26
Apple's lobbying efforts under CEO Tim Cook has continued throughout the term of President Joe Biden, with executives, lobbyists, and Cook himself visiting the White House 87 times in four years.
Vodafone sells Italian unit to Swisscom for 8 bn euros
2024-03-15 10:54:27
British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion), completing efforts to overhaul the UK group's European operations.
The Gen-Z students at the heart of Vietnam's chip plans
2024-03-15 10:54:27
Nguyen Phuong Linh is among a crop of young electronics students crucial to Vietnam's ambitions to become a chips hub.
Spotify upset over 9 day App Review, cries antitrust to EC
2024-03-15 07:03:24
Ten years and a $2 billion fine later, Apple is still upsetting EU favorite Spotify but this time, because the company isn't making App Review for the company any faster than it is for other developers.
Dlala Studios co-founder dives into the developer's origins
2024-03-14 22:11:21
Fresh off the release of Disney Illusion Island, AJ Grand-Scrutton talks to Shacknews about the history of Dlala Studios.
Turtle Beach acquires game peripheral company PDP for $118 million USD
2024-03-14 22:11:21
PDP oversees the high-quality arcade sticks and gamepads from Victrix and the translucent REALMz controller collection.
African internet access hit by damaged undersea cables
2024-03-14 21:53:37
Major internet access cuts struck several African countries Thursday because of damage to submarine communications cables, telecom operators said.
Should you be concerned about flying on Boeing planes?
2024-03-14 20:47:27
The American aerospace giant Boeing has been synonymous with safe air travel for decades. Since the 1990s, Boeing and its European competitor Airbus have dominated the market for large passenger jets.
Bosnia's lithium discovery raises hopes and fears
2024-03-14 20:47:26
In northeast Bosnia's rolling hills, the local community is torn between fears of environmental ruin and hopes of riches from huge deposits of the critical minerals Europe needs for its green transition.
Bitcoin not invented by computer scientist Wright: court
2024-03-14 20:47:26
Australian computer scientist Craig Wright is not "Satoshi Nakamoto", the pseudonym used by the creator of the cryptocurrency bitcoin when it launched in 2008, a UK court ruled Thursday.
Gov. Shapiro calls for Pennsylvania carbon cap and trade market, plus higher clean energy requirements
2024-03-14 15:51:55
Gov. Josh Shapiro unveiled his energy strategy on March 12, a two-pronged approach that would create a carbon cap and trade market in Pennsylvania and boost the amount of clean energy delivered to electric utility consumers in the state.
OpenAI partners with Le Monde and Prisa Media
2024-03-14 08:43:33
OpenAI on Wednesday announced partnerships with French daily Le Monde and Spanish conglomerate Prisa Media, saying it intends to develop news-related uses of its ChatGPT artificial intelligence tool.
Foxconn logs second straight quarter of profits as AI demand surges
2024-03-14 08:43:33
Taiwanese tech giant Foxconn on Thursday reported a second straight quarter of profit growth, with the Apple supplier boosted by demand for AI hardware and infrastructure.

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