Business News

Boeing responds to Justice Department’s allegations, says it didn’t violate deferred prosecution agreement
2024-06-13 03:33:20
Last month, prosecutors said Boeing had breached the agreement that would have led to the Justice Department dropping criminal charges tied to two deadly 737 Max crashes.
Ford says to cut 1,600 more jobs at Valencia factory
2024-06-13 00:53:54
US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory near Valencia in eastern Spain, where it already axed 1,100 positions last year.
Exploring the impact of AI on socioeconomic inequalities
2024-06-13 00:53:53
An interdisciplinary review of how generative artificial intelligence (AI) may change work, education, health care, information, and misinformation focuses on the technology's potential impacts on social equality.
France's SNCF to offer high-speed passenger links in Italy
2024-06-13 00:53:53
French national rail operator SNCF said Wednesday it planned to offer high-speed passenger services in neighboring Italy from 2026, competing with rival Trenitalia on its home turf.
EU to hit Chinese electric cars with tariffs of up to 38%
2024-06-12 18:48:02
The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war.
Electrifying industry with flexible heat pumps—a new approach may help companies generate carbon-free process heat
2024-06-12 18:47:59
Whether producing foods, beverages, drugs, metals or paper or treating surfaces and textiles, industrial companies need process heat for many applications. Much of this is still generated by burning fossil fuels. Consequently, the generation of process heat accounts for a large proportion of greenhouse gas (GHG) emissions in the global industrial sector. In Switzerland, it is responsible for some 8% of total GHG emissions.
Amazon is tinkering with grocery business: Some are unsure it's working
2024-06-12 16:00:58
When Amazon introduced its cashierless checkout system—aptly called Just Walk Out—the tech was seen as the latest prong in Amazon's mission to transform brick-and-mortar stores and become a dominant competitor in the grocery industry.
AI's hidden workers are stuck in dead-end jobs
2024-06-12 15:14:41
You may have heard that revolutionary AI sits on old-world foundations. The supply chain churning out generative AI tools like ChatGPT has highly-paid executives and researchers at the top, and at the bottom, working stiffs who toil at screens training algorithms.
Privacy-enhancing browser extensions fail to meet user needs, new study finds
2024-06-12 15:14:41
Popular web browser extensions designed to protect user privacy and block online ads are falling short, according to NYU Tandon School of Engineering researchers, who are proposing new measurement methodologies to better uncover and quantify these shortcomings.
World will amass 'major' oil surplus by 2030: IEA
2024-06-12 12:35:56
The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.
Amazon adds $1.4 billion to affordable housing fund for regions where it has corporate offices
2024-06-12 09:06:07
Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more affordable housing in regions where the company has major corporate offices, CEO Andy Jassy announced Tuesday.
Oil and gas industry hops on generative AI bandwagon
2024-06-12 08:49:22
Away from the Microsoft and Googles of the world, a century-old industry—oil and gas—is hoping that generative artificial intelligence will make producing petroleum more efficient and easier on its workforce.
Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
2024-06-12 08:49:22
Just before 2 a.m. on a chilly April night in Seattle, a Chevrolet Silverado pickup stopped at an electric vehicle charging station on the edge of a shopping center parking lot.
Exploring how AI can be applied to the business needs of the electric power industry
2024-06-12 07:42:20
A recent study published in IET Generation, Transmission & Distribution explores how artificial intelligence—in particular machine learning techniques—can be leveraged as powerful tools for the electric power and energy industry, and for managing its assets.
Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses
2024-06-11 23:15:33
Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company's classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses.
AI-assisted status monitoring of port vehicles optimizes logistics processes
2024-06-11 19:55:25
Together with industry partners, the University of Bremen has developed an innovative, AI-supported status monitoring system for port vehicles in the "KISS" research project. It uses state-of-the-art technologies to monitor the technical condition of vehicles in real time
Research team takes a deep dive into global mining trends
2024-06-11 19:55:25
Mining is at a critical crossroads. The industry must supply more minerals and metals for the energy transition while simultaneously reducing the carbon footprint across its processes. It also must address negative public perceptions of its operations.
A green steel pathway would turbocharge Ukraine's post-war recovery, study finds
2024-06-11 17:47:07
As the international community gathers to discuss Ukraine's post-war recovery, a new analysis led by the University of Oxford demonstrates that green steel should be top of the agenda.
East Buy faces new blow as star influencer Dong Yuhui spits out resistance to work · TechNode
2024-06-11 12:49:59
The stock price of Chinese livestreaming e-commerce company East Buy dropped 9% and closed at HKD 13.9 on Tuesday, fueled by its star livestreamer Dong
The audacious plan to seed a global green hub in Namibia's desert
2024-06-11 11:58:00
Early in May, King Philippe of Belgium was on the edge of the Namib desert to inaugurate a project that aims to help decarbonize European industry, and which might just enable one of Africa's smallest economies to hit the clean-energy big time.

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