Business News

Experts call for new economic modeling to meet energy transition ambition
2024-02-16 18:07:37
The ambition of policymakers navigating the energy transition has surpassed the capacity of economic modeling for the first time, a new keynote paper argues.
Q&A: Facebook turns 20—where does it go from here?
2024-02-16 18:07:37
Deep down, Facebook is not entirely unlike many brilliant, high-potential 20-year-olds. Its appeal is clear. Its performance is generally very strong, if not outstanding. Yet it's still subject to occasional lapses in judgment and bouts of immaturity.
Whisky takes a shot at China's baijiu-dominated market
2024-02-16 13:53:21
Western alcoholic drinks are trying to take on baijiu, which dominates the country's spirits market.
Taiwan chipmaker TSMC stock surges after Morgan Stanley raises price target on Nvidia
2024-02-16 09:34:28
Taiwan's Taiex benchmark index jumped 3% to a record high on Thursday, buoyed by a surge in the share price of Taiwan Semiconductor Manufacturing Company, the world's biggest maker of computer chips.
Musk fights US state of Delaware after Tesla pay debacle
2024-02-16 00:00:51
Elon Musk is on the warpath against Delaware and its powerful business court, moving his SpaceX company out of the eastern US state after a judge struck down his $56 billion compensation package at Tesla.
Ford CEO says company will rethink where it builds vehicles after last year's autoworkers strike
2024-02-15 21:21:59
Last fall's contentious United Auto Workers' strike changed Ford's relationship with the union to the point where it will "think carefully" about where it builds future vehicles, Ford's top executive said Thursday.
Volkswagen-backed Scout Motors, in nod to past, toasts start of construction of electric SUV plant
2024-02-15 21:21:58
Scout Motors celebrated the start of construction on its $2 billion electric SUV plant in South Carolina on Thursday not with a line of people in suits with shovels but with a nod to the company's gasoline-powered past.
Using AI to develop enhanced cybersecurity measures
2024-02-15 20:51:37
A research team at Los Alamos National Laboratory is using artificial intelligence to address several critical shortcomings in large-scale malware analysis, making significant advancements in the classification of Microsoft Windows malware and paving the way for enhanced cybersecurity measures. Using their approach, the team has set a new world record in classifying malware families.
Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger
2024-02-15 15:59:05
Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker.
German chancellor welcomes Microsoft's $3.5 billion AI investment in Germany
2024-02-15 15:59:04
German Chancellor Olaf Scholz welcomed an announcement Thursday by Microsoft that it would invest almost 3.3 billion euros ($3.5 billion) in Germany over the next two years to massively expand its data center capacities for applications in the field of artificial intelligence and cloud computing.
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2024-02-15 14:49:26
We're working to ensure wildlife and wild lands thrive in modern Africa. Our multi-faceted approach ensures conservation strategies work for wildlife and people.
Tesla’s latest update takes aim at cold weather woes
2024-02-15 10:33:27
Frozen charge ports get addressed in Tesla’s latest update.
Why Lyft and Uber drivers did their largest strike ever
2024-02-15 10:33:27
The protests spotlight gig workers’ lack of basic labor protections.
Why are so many Australian music festivals being cancelled?
2024-02-15 10:32:32
Groovin’ the Moo is the latest in a long line of Australian music festivals to be cancelled. It is the new normal in our age of ‘deep uncertainty’.
Nvidia is now worth more than Amazon and Alphabet
2024-02-15 10:30:15
Nvidia’s lead in the AI chip race has made it the fourth most valuable company in the world.
Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
2024-02-15 09:23:17
Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence.
World demand for liquefied natural gas jumps 50% by 2040: Shell
2024-02-14 22:27:36
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal.
Lyft shares rocket 62% over a typo in the company's earnings release
2024-02-14 22:27:21
Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company's earnings release that appears to have sent investors' auto-trading algorithms—or "bots"—into a buying frenzy.
Italy fines BAT, Amazon over heated tobacco ads
2024-02-14 22:27:11
Italy's competition authority on Wednesday fined British American Tobacco's Italian division six million euros ($6.4 million) and Amazon one million euros for misleading advertising of a heated tobacco product.
German auto supplier Continental says to cut 7,150 jobs
2024-02-14 21:54:46
German auto supplier Continental said Wednesday it would cut some 7,150 posts worldwide by 2025 as the difficult switch to electric vehicles forces companies in the sector to retool.

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