Following the merger of TikTok Shop with Indonesian rival Tokopedia, ByteDance is set to lay off approximately 450 employees in its Indonesian e-commerce department to eliminate duplicate functions, starting as early as this month.
Sectors
OpenAI Teams up With Oracle to Increase Computing Capacity for ChatGPT
Oracle is helping OpenAI and Microsoft to boost ChatGPT's processing capability. This photograph taken in Mulhouse, eastern France on October 19, 2023, shows the ChatGPT logo reflected in mirrors.
Pew Survey Reveals Americans Trust TikTok for News Content Amid Political Turmoil
According to a March Pew Research study of 10,000 American adults, TikTok was least likely to influence news stories through algorithmic recommendations or content moderation than Facebook, Instagram, and X.
Megabus Operator Coach USA Files for Bankruptcy, Seeks Sale of Business
Coach USA, the company behind Megabus and several commuter bus lines in the US and Canada, has filed for bankruptcy protection in Delaware.
[UPDATE] Chinese EV Shares Jump Following EU’s New Import Tariffs
Most Chinese EV manufacturers' stock prices rose on Thursday morning after the EU proposed 38% higher tariffs.
Latest News
The union representing WestJet mechanics announced that 97% of its members voted to reject a tentative agreement with the airline, prompting concern.
The UK airport bosses are disappointed with the return of the 100ml liquid limit, saying that the Department for Transport didn't give them enough time to prepare.
Denmark recalls Samyang's spicy noodles due to high capsaicin levels that can lead to"acute poisoning," especially if consumed by children.
Paramount's merger talks with Skydance were abruptly ended by the controlling shareholder, National Amusements, just before the deal was finalized, citing unresolved "noneconomic terms" despite agreeing on financial aspects.
Intel plans to slow its multibillion-dollar expenditures in worldwide facilities, delaying the completion of its $25 billion chip production unit in Israel.
The largest Buc-ee's store to date opened in Luling, Texas, which has 75,000 square feet of space and 120 gas pumps.
Apple partners with Affirm for "buy now, pay later" loans. The Apple Pay logo is displayed in a mobile kiosk sponsored by Visa and Wells Fargo to demonstrate the new Apple Pay mobile payment system on October 20, 2014 in San Francisco City.
MediaTek, a leading chip design company from Taiwan, is reportedly working on an Arm-based chip for personal computers running Microsoft's Windows operating system.
GameStop has announced that it raised about $2.14 billion in its second share offering in a month. GameStop announced on Tuesday, June 11, that it raised about $2.
