Business News

Fiat 500 electric production pauses for one month
2024-09-12 20:13:48
Carmaker Stellantis said Thursday it would halt production of the electric version of its emblematic Fiat 500 in Italy due to weak demand, a move that comes as EV sales have slowed in Europe.
Hustle academies: West Africa's online scammers are training others in fraud and sextortion
2024-09-12 20:13:20
As the world becomes increasingly connected, digital fraud has evolved from a local problem into a global one. West Africa, particularly Ghana and Nigeria, is witnessing the rise of "hustle kingdoms"—informal academies that train individuals to carry out digital scams.
OpenAI releases reasoning AI with eye on safety, accuracy
2024-09-12 20:13:20
ChatGPT creator OpenAI on Thursday released a new series of artificial intelligence models designed to spend more time thinking—in hopes that generative AI chatbots provide more accurate and beneficial responses.
US clears way for hearing aid feature in new Apple AirPods Pro
2024-09-12 20:13:20
Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.
Xbox lays off 650 employees in latest round of job cuts
2024-09-12 16:57:14
Microsoft says that there will be no game cancellations or studio closures as a result of this round of layoffs.
Boeing faces potential strike as Seattle workers vote
2024-09-12 08:52:01
Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains.
Advanced manufacturing revs up in Europe with 3D printing
2024-09-11 23:36:08
3D printing is set to revolutionize European manufacturing, producing complex, multilayered components for everything from toys and cars to wind turbines and satellites.
Can green finance effectively reduce carbon dioxide emissions while promoting economic growth?
2024-09-11 18:31:26
New research published in Business Strategy and the Environment based on information from G7 countries demonstrates that green finance—loans, investments, and incentives that support environmentally-friendly projects and activities—can reduce carbon dioxide emissions. Also, data indicate that investments in green projects are profitable.
South Africa's green hydrogen hub: EU grants not nearly enough to get industry going, say chemical engineers
2024-09-11 17:00:10
South Africa is poised to become a major player in the global energy transition, thanks to its vast renewable energy resources (sun and wind) and its plans for green hydrogen production.
How Ford is using AI, augmented-reality and 3D printing to improve quality
2024-09-11 13:46:16
Artificial intelligence-powered photographic inspections, 3D-printed tools and augmented-reality training headsets are part of Ford Motor Co.'s strategy to improve vehicle quality, something that has continued to plague its financial results.
New England leaders hold private clean energy talks as Massachusetts pursues more offshore wind
2024-09-11 13:46:16
Top elected leaders from the northeastern parts of Canada and the United States urged their colleagues Tuesday morning to embrace renewable energy initiatives just as Massachusetts is attempting to spearhead a new round of offshore wind energy procurements without a key player.
Amazon to invest £8 bln in UK in boost for new Labour govt
2024-09-11 09:55:10
US tech giant Amazon is to invest £8 billion ($10.5 billion) in Britain over the next five years, creating thousands of jobs via its web services arm, the company and UK government announced Wednesday.
Power struggle: Serbia eyes nuclear energy to fuel future
2024-09-11 09:54:13
Time stands still at Serbia's Vinca nuclear facility, where the decommissioned Yugoslav-era reactor is a testament to the fears generated by the controversial energy source.
Big Tech privacy policies may limit ad variety, reducing performance and revenue
2024-09-10 20:10:33
In 2020, Google began the practice of "data minimization," or automatically deleting user data including location history and web activity after 18 months, in a bid to improve user privacy.
Crisis-hit Volkswagen scraps German job protection deal
2024-09-10 20:10:13
Volkswagen on Tuesday axed an agreement protecting jobs in Germany that had been in place three decades, as the ailing auto titan pushes ahead with a controversial cost-cutting plan.
The five biggest-selling gaming consoles
2024-09-10 20:10:11
Since video game consoles first emerged in the early 1970s, hundreds of millions have been sold to players eager to immerse themselves in their favorite franchises, from Assassin's Creed to Zelda.
New analysis to boost port efficiency
2024-09-10 20:10:10
Container ports are important hubs in the global trade network. They have seen enormous growth in their roles over recent years and operational demands are always changing, especially as more sophisticated logistics systems emerge.
Apple's iPhone 16 launch shows AI is shaking up the tech giant's core market
2024-09-10 16:36:46
As someone who helped set up one of the first iPhones back in late 2007 on live TV, I found the launch of the first iteration of Apple's smartphone an exciting time. At the launch in June of that year, a grinning Steve Jobs proudly held up that early device to the obvious delight of Apple fans.
BMW recalls 1.5 mn cars over bad brake, cuts outlook
2024-09-10 14:33:43
BMW said Tuesday it was recalling about 1.5 million vehicles due to problems with their brakes and cut its outlook for the year, sending the German luxury carmaker's shares tumbling.
Europe's fight with big tech over tax, data and disinformation
2024-09-10 14:33:43
The European Union scored two major legal victories on Tuesday in separate cases that left Apple and Google owing billions of euros.

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