Business news
Business
Do we really know how our data is used? How privacy notice language can exploit user's cognitive biases
The European Union and the United Kingdom mandate via the General Data Protection Regulation (GDPR) that users of web services must give their informed consent for their data to be collected and used. To this end, each time ...
13 hours ago
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Southwest Airlines unveils electric air taxi venture
US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday.
10 hours ago
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Reining in AI: What NZ can learn from EU regulation
Artificial Intelligence now underpins many of our activities in public and private spheres, including work, education, travel, and leisure. But its rapid development and increased use has been led primarily by commercial ...
14 hours ago
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Lufthansa issues profit warning, launches 'turnaround'
German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a "turnaround" plan for its flagship carrier, which it warned might not break even.
17 hours ago
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Software
ZeroEyes raises $53 million, employs over 150 as demand for gun scans grows
At a 24-hour computer center in Conshohocken, technicians for ZeroEyes monitor software tied to surveillance cameras in 42 states, checking automated reports of possible guns where they aren't supposed to be, and other security ...
19 hours ago
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Business
Boeing's fraud case shows that some businesses are still too big to fail
In January, Alaska Airlines flight 1282 nearly fell out of the sky when it lost a door plug at an altitude of more than 10,000ft, leading to rapid decompression of the main cabin of the plane.
Jul 11, 2024
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Business
AI supercharges data center energy use, straining the grid and slowing sustainability efforts
The 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.
Jul 11, 2024
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Business
Germany to ban Chinese telecom giants from 5G network
Germany 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.
Jul 11, 2024
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Business
EU accepts Apple plan to open iPhone tap-to-pay to rivals
The 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.
Jul 11, 2024
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Business
Analyzing cross-border and domestic early-stage financial investment in 3D printing
Professor 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.
Jul 11, 2024
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Business
Delta profits drop despite solid demand, hitting airline shares
Delta 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.
Jul 11, 2024
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Business
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.
Jul 11, 2024
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Business
Media upheaval: CNN cutting about 100 jobs, and CBS News president announces resignation
CBS 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.
Jul 10, 2024
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Business
Microsoft drops OpenAI board seat as scrunity increases
Microsoft 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.
Jul 10, 2024
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Business
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 ...
Jul 10, 2024
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