Business News

Wind-farm owners in Europe are holding off on scrapping their old turbines to maximize the power they can generate from them. That's the latest news from a meeting we recently attended on the industry's future. Wind turbines are designed to last 25 years, but the calculus for owners appears to have shifted because of the surge in electricity prices due to the Ukraine war.

U.S. consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported.

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan's top automaker said Wednesday.

General Motors announced hefty new initiatives Wednesday to return billions of dollars to shareholders, lifting its stock price as it estimated the recent labor strike hit at $1.1 billion.

Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years encountered nearly 80% more problems than did vehicles propelled by internal combustion engines.

Uber is to roll out its service to London black cabs next year, it announced Wednesday, despite long-running friction between drivers of the traditional taxis and the US-based firm.

Shares in Dutch medical device manufacturer Philips plunged Wednesday after the US Food and Drug Administration warned that its new machine to help patients sleep risked overheating.

The biggest automaker in North America is dealing with a lot.

Holiday shopping for hot gadgets without going anywhere.

Revenue at Temu’s owner PDD almost doubled in the third quarter while profit rose nearly 50% as the hit budget shopping app continued to win over millions

Chinese on-demand delivery giant Meituan reported a 22.1% revenue jump to RMB 76.47 billion in the last quarter, with revenue from core local commerce,

A year after the history-making release of ChatGPT, the AI revolution is here, but the recent boardroom crisis at OpenAI, the super app's company, has erased any doubt that Big Tech is in charge.

Chinese engineers are flying to India to train the next generation of iPhone builders.

Tech executives at Microsoft and Amazon have dropped out of an upcoming software conference after at least one of the women on the agenda turned out to be fake.

Amazon finally has its answer to ChatGPT.

Computer-generated writers ... writing computer-generated stories?

Amazon Q can work on any of the AI models on AWS’s Bedrock model repository.

Uber has been on a makeup tour with taxi owners.

A successful listing for the fast-fashion giant would help Shein expand its global reach while diversifying its sources of funding.

Amazon thought it had found an efficient way to find the best workers. Recruitment is time consuming and expensive, so why not outsource it to artificial intelligence (AI)?