In an effort to comply with a European Union rule, Apple stated on Friday that it would be facilitating the process for music streaming apps on its App Store within the European Economic Area to notify consumers of alternative ways to acquire digital services.   The decision was made a few...

Based on information gleaned from three people with knowledge of the situation and corporate communications obtained by Reuters, Tesla has cancelled the low-cost vehicle that investors had been hoping would propel the company's expansion into a mass-market manufacturer.   According to the...

After a boycott of the company in response to the Israel-Hamas conflict, fast food juggernaut McDonald's has decided to purchase back all of its Israeli locations. The business announced that it and franchisee Alonyal had come to an agreement for the return of 225 locations nationwide, supporting...

There are rumours that Google, the search engine that over a billion people use worldwide, may start charging for premium material produced by artificial intelligence (AI). The Alphabet Inc.-owned corporation is reportedly rethinking its economic strategy and considering enclosing some of its main...

The $150 billion stablecoin market has seen the entry of crypto firm Ripple, which has introduced a digital currency based on the US dollar. According to Ripple, the stablecoin will always be backed 1-to-1 by an equivalent amount of assets that the business keeps in reserve, such as US dollar...

Intel revealed increasing operating losses for its foundry division, which is a setback for the chipmaker as it attempts to reclaim the technological advantage it lost to Taiwan Semiconductor Manufacturing in recent years.   Compared to the $5.2 billion in operating losses the previous year,...

Since it started shipping on Wednesday, Xiaomi, a Chinese manufacturer of smartphones, has announced that it has received more than 100,000 orders for its debut automobile, the SU7, an electric sports car.   At a ceremony in Beijing to mark the first deliveries, CEO and creator Lei Jun...

A fresh $2 billion share repurchase programme was unveiled by UBS on Tuesday, with up to $1 billion of that amount anticipated to be paid out this year.   “As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares, commencing after the completion of the merger...

Due to high demand for its first-ever automobile, Xiaomi, a Chinese company, is warning prospective customers that they may have to wait four to seven months to get their SU7 electric sedan.   Pre-orders for the manufacturer of cellphones and other consumer gadgets exceeded 88,898 in the...

Six months after unbundling the two products in Europe to try and avoid a potential EU antitrust charge, Microsoft announced on Monday that it will pitch its chat and video programme Teams independently from its Office suite worldwide.   Following a complaint by the rival workspace messaging...

Eighty days had passed. For the airline sector, however, enough was enough.   According to those familiar with the conversations, a revolt by American airline executives this week culminated in the removal of Boeing's senior executives, including CEO Dave Calhoun. This opened the...