-
Ericsson posts $1bn quarterly loss on Vonage write downSwedish telecommunications equipment manufacturer Ericsson said Friday it had suffered a $1.0 billion quarterly loss after writing down the value of its purchase of US cloud-based communications operator Vonage.... Read more
-
Analyzing cross-border and domestic early-stage financial investment in 3D printingProfessor Silvia Massini and co-author Eugene D. Hahn analyze early-stage financial investment in 3D printing, examining key drivers and geographic patterns. Their work is published in the Journal of International Management.... Read more
-
Delta profits drop despite solid demand, hitting airline sharesDelta reported lower quarterly profits Thursday despite still-strong travel demand as it moderated a plan to add capacity in the fall in light of industry overcapacity.... Read more
-
AI supercharges data center energy use, straining the grid and slowing sustainability effortsThe artificial intelligence boom has had such a profound effect on big tech companies that their energy consumption, and with it their carbon emissions, have surged.... Read more
-
Germany to ban Chinese telecom giants from 5G networkGermany said Thursday it will phase out the use of components from Chinese telecom giants Huawei and ZTE in its 5G networks in the coming years due to national security concerns.... Read more
-
California software engineer claims Amazon manager told her jobs might not work for 'females'Rajakumari Chouta of Fremont got the news this past November that she would be laid off in January from her software developer job at Amazon in San Francisco, so she began applying for new positions internally.... Read more
-
EU accepts Apple plan to open iPhone tap-to-pay to rivalsThe EU on Thursday approved Apple's offer to allow rivals access to the iPhone's ability to tap-to-pay within the bloc, ending a lengthy probe and sparing it a heavy fine.... Read more
-
Media upheaval: CNN cutting about 100 jobs, and CBS News president announces resignationCBS News President Ingrid Ciprian-Matthews said Wednesday she's resigning after less than a year in her role, and CNN announced that it was eliminating approximately 100 jobs in continued signs of upheaval for the media business.... Read more
-
Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorganization planTax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce.... Read more
-
Q&A: Ghana is planning its first nuclear energy plant—what's behind the decision?Ghana is considering bids from five companies for the construction of what would be its first nuclear power plant. The companies are: France's EDF, US-based NuScale Power and Regnum Technology Group; China National Nuclear Corporation; South Korea's Kepco and its subsidiary Korea Hydro Nuclear Power Corporation; and Russia's Rosatom. The... Read more
-
Businesses are harvesting our biometric data. The public needs assurances on securityImagine walking through a bustling railway station. You're in a hurry, weaving through the crowd, unaware that cameras are not just watching you but also recognizing you.... Read more
-
Microsoft drops OpenAI board seat as scrunity increasesMicrosoft has ditched plans to take up a non-voting position on the board of ChatGPT maker OpenAI, according to a letter seen by AFP on Wednesday, as regulators step up scrutiny of deals involving AI companies.... Read more
-
Tech giants face tough task to sustain second half stock rallyThe world's largest technology stocks drove a banner first half for the S&P 500. The question for the rest of the year is whether their strength continues.... Read more
-
Meta to pull posts targeting 'Zionists' for harmMeta on Tuesday said it will start removing posts that label Jews "Zionists" and target them for harm.... Read more
-
Samsung Electronics workers announce 'indefinite' strikeUnionized workers at Samsung Electronics declared an indefinite strike Wednesday to pressure South Korea's biggest company to accept their calls for higher pays and other benefits.... Read more