Business News

Support for carbon capture positive overall, but varies by group and aspect of technology
2024-08-23 16:24:09
A range of technical and policy approaches are being considered to mitigate global climate change. Whether and how these approaches are prioritized or abandoned often depends directly on public approval.
Cruise will dispatch some of its trouble-ridden robotaxis to join Uber's ride-hailing service
2024-08-23 07:29:28
Cruise's trouble-ridden robotaxis are joining Uber's ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers.
Alibaba to upgrade Hong Kong listing amid profit drop
2024-08-23 07:29:21
Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.
Luxury Yacht Bayesian Sinking In Sicily, Caused By ‘Long Sum Of Errors’
2024-08-23 04:59:01
The passengers on board the luxury yacht that sank in Sicily had many errors that could have prevented the tragedy.
Apple tweaking how default browsers are selected in EU
2024-08-23 01:52:31
Apple is responding to EU criticism about alternative browser choices by simplifying selection, and in addition it's adding more options over user control of other default apps.
Identity verification becomes mandatory for Apple Cash users in October
2024-08-23 01:52:21
Apple Cash, a popular payment service, offers a seamless experience within the iOS Messages app. However, identity verification changes are coming for users.
Professor calls out Apple 'scam' after failing to read her credit card bill
2024-08-23 01:52:10
An academic with a sideline in TikTok videos about marketing scams claims Apple defrauded her over an iPad discount — despite her getting precisely the deal she was promised and should have expected.
Paying for groceries with your face? Not all are sold on it
2024-08-22 20:34:45
As the use of Facial Recognition Payment Technology (FRPT) grows, taken up by retailers, governments, hotels and others, some consumers do not completely trust its use say QUT researchers.
China leans into using AI—even as the US leads in developing it
2024-08-22 15:21:37
In the competitive arena of global technology, China's ambitions in artificial intelligence stand out—not just for their scale but for their distinct strategic approach.
Paramount extends its Skydance go-shop period to consider acquisition bid from Edgar Bronfman
2024-08-22 13:58:49
The decision to consider the bid from Seagram heir Edgar Bronfman comes after Paramount had agreed to merge with Skydance.
Xiaomi reports a Q2 revenue of $12.46 billion, marking a 32% y-o-y increase · TechNode
2024-08-22 13:53:09
Xiaomi on Wednesday announced its financial results for the second quarter, reporting a revenue of RMB 88.89 billion ($12.46 billion), a 32.0%
Walmart sells entire JD stock as it looks to focus on its own Chinese businesses · TechNode
2024-08-22 13:53:08
US retail giant Walmart has exited its eight-year holding in China’s JD, one of the country’s largest e-commerce platforms.
Chinese internet giant Baidu posts flat revenue as consumption slumps
2024-08-22 13:19:24
Chinese internet giant Baidu posted flat second-quarter revenue on Thursday, as an uncertain economic outlook in the country weighs on household consumption.
Edinburgh Council set to vote on introducing 5% 'tourist tax'
2024-08-22 10:25:39
Visitors would be charged an additional 5% on top of their hotel bill to stay in the city if plans are approved.
Starbucks new boss under fire for 1,000-mile commute
2024-08-22 10:25:25
Job offer which allows new CEO to commute to and from work on corporate jet sparked criticism.
South Korean pet care goes high-tech with AI diagnostics
2024-08-22 08:57:54
When five-year-old goldendoodle Mozzi started walking "unnaturally," his concerned owner rushed him to the vet in South Korea, where the problem was diagnosed not by humans but by AI.
Microsoft seeks to win over new players at gamer gathering
2024-08-22 07:27:28
Microsoft held its biggest video game stand ever at the sector trade show Gamescom in Germany on Wednesday, aiming to win over players after several rocky months of studio closures and rising fees.
Microsoft tweaks how it logs cloud revenue
2024-08-22 07:27:27
Microsoft on Wednesday lowered its cloud computing unit revenue forecast in a bookkeeping move, shifting money to its "productivity" software business.
California announces new deal with tech to fund journalism, AI research
2024-08-22 07:19:06
California will be the first U.S. state to direct millions of dollars from taxpayer money and tech companies to help pay for journalism and AI research under a new deal announced Wednesday.
Transcript: Austan Goolsbee, president of Federal Reserve Bank of Chicago, on "Face the Nation with Margaret Brennan," Aug. 18, 2024
2024-08-22 04:51:08
The following is a transcript of an interview with Austan Goolsbee, president of Federal Reserve Bank of Chicago, on "Face the Nation with Margaret Brennan" that aired on Aug. 18, 2024.

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