Former FTX chief Sam Bankman-Fried has seen his bail revoked and has been remanded into federal custody. A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to…
Tag: business
Zoom, which thrived on the remote work revolution, wants workers back in the office part-time
A woman works at Zoom headquarters on Friday, Feb. 3, 2023, in San Jose, Calif. Zoom is asking employees who live within a 50-mile radius of its offices to work…
Why Europe is hungry for chips
Credit: CC0 Public Domain Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany, part of a push to put Europe at the center of…
Toshiba prepares for $14 bn deal to go private
Credit: Unsplash/CC0 Public Domain Toshiba said a previously announced scheme to take the troubled Japanese conglomerate private in a deal worth around $14 billion will launch on Tuesday. The move…
Musk says his cage fight with Zuckerberg will be streamed on X
Credit: Pixabay/CC0 Public Domain Elon Musk says his potential in-person fight with Mark Zuckerberg would be streamed on his social media site X, formerly known as Twitter. The two tech…
Musk offers legal aid for users in trouble at work over X posts
According to nonprofit organization the Center for Countering Digital Hate (CCDH), hate speech has flourished at Twitter since Musk took over. Elon Musk on Saturday said his social media company…
TikTok unveils changes to meet tough new EU rules
Credit: Unsplash/CC0 Public Domain Video-sharing platform TikTok announced Friday changes to meet strict EU rules including allowing European users to turn off the addictive feature that shows content based on…
Amazon profit beats expectations on booming sales
E-commerce titan Amazon says its advertising business is gaining traction and it is boosting artificial intelligence capabilities at its cloud computing unit, but retail sales still drive the tech giant’s…
Robots cause company profits to fall—at least at first
Credit: CC0 Public Domain Researchers have found that robots can have a ‘U-shaped’ effect on profits: causing profit margins to fall at first, before eventually rising again. The researchers, from…
Wizz Air orders 75 more Airbus A321neos
Wizz Air is the largest client for the Airbus A321neo. Hungarian low-cost airline Wizz Air has ordered another 75 A321neo aircraft, Airbus said Wednesday, in a deal worth $10 billion…
