Meta and Google are leading a lobbying effort to block New York legislation aimed at online child safety, arguing the bills would stifle free speech and infringe on privacy, with the campaign's spending expected to surpass $1 million.
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iPhones in China Are Being Sold for $360 Less so Apple Can Compete With Chinese Smartphones
Apple is aggressively discounting select iPhone models in China, offering up to a $360 price reduction on its official Tmall site. It aims to compete with local rivals like Huawei, which is under pressure from its new smartphone series, the Pura 70.
Volkswagen Door Flaw Leads to Mass Recall; US NHTSA Says Over 50,000 EVs Affected
Volkswagen's door flaw concerns the U.S. NHTSA. Because of this, over 50,000 EVs are estimated to be affected by the mass recall.
Saudia Group Orders 105 Airbus Jets in Record $19 Billion Deal
Saudia Group has placed a historic order for 105 Airbus narrow-body aircraft, valued at $19 billion. Deliveries will start in 2026 and conclude in 2032.
Red Lobster Goes Bankrupt After $20 Unlimited Shrimp Offer Backfires
Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.
Latest News
Google is investing an additional €1 billion ($1.1 billion) to expand its data center campus in Finland, using the region's renewable energy to drive AI growth in Europe.
Tesla is making efforts to address concerns raised by European leasing companies due to multiple retail price cuts and delays in service.
Two German banks in Russia had their assets seized by the court over a Baltic Sea gas project construction issue.
China restricts certain US corporations' investments, imports, and exports, including weapons sales to Taiwan.
Irish low-cost carrier Ryanair said that their net profit rose to $2.09 billion or 34%, making it its best-ever financial performance.
Minnesota lawmakers announced that the state has negotiated a minimum wage deal with Uber and Lyft. (Photo : ROBYN BECK/AFP via Getty Images) Minnesota legislators revealed Saturday, May 18, that the state's government had reached an agreement with Uber and Lyft to establish minimum wage requirements for their drivers.
American billionaire Bruce Nordstrom, the former chairman of Nordstrom's department store chain, has died at the age of 90.
The 10-year Japanese Government Bond (JGB) rose to its highest level in 11 years since a similar rating was recorded back in 2013.
OpenAI CEO Sam Altman has been embarrassed by the company's policy of threatening to revoke vested equity from exiting employees who refused to sign a non-disclosure and non-disparagement agreement.
