A Moscow court fined Amazon.com Inc 4 million roubles ($65,000) on Tuesday for failing to remove banned content relating to drug use and suicide, the first such penalty for the US tech giant in Russia.   Russia has fined other foreign technology firms for failing to remove content, as part...

With the Wall Street giant bank Goldman Sachs Group Inc reporting a lower than expected, 44 per cent drop in profits for the third quarter profit on Tuesday, the lending giant also unveiled a plan to reorganize its business into three units in its biggest overhaul since 2020.   The bank's...

According to analyst firm CCS Insight, Apple will probably launch an iPad with a folding screen in 2024, and the company will begin experimenting with foldable technology soon.   On Tuesday, CCS Insight released its annual predictions report, in which the company's analysts make predictions...

In a new advertisement, Meta targets Apple's iMessage, heightening the rivalry between the two companies.   A photo of an advertisement in New York's Penn Station claiming that Meta's WhatsApp is more secure and private than Apple's messaging system and traditional text messages was shared...

According to the Nikkei, Apple Inc has put plans to use memory chips from China's Yangtze Memory Technologies Co in its products on hold after Washington tightened export controls against Chinese technology companies.   According to Nikkei, Apple had originally planned to begin using...

According to several industry sources, oil output at the massive Exxon-led Sakhalin-1 Russian Pacific project has been halted due to the U.S. major's refusal to accept local insurance for tankers after Western insurers withdrew due to sanctions.   Western insurers have pulled coverage from...

In response to a downturn in the personal computer market, chipmaker Intel Corp is planning a significant reduction in headcount, possibly numbering in the thousands, according to a report by Bloomberg News, quoting information from individuals with knowledge of the matter.   According...

Federal authorities in the United States are looking into Elon Musk's actions in connection with is $44 billion acquisition of Twitter Inc., the social media company revealed in a court document on Thursday.   While the filing stated that he was the subject of inquiries, it made no mention...

The third-quarter profits of the energy giant Shell is expected by the company to be affected because of margins nearly being reduced by half for its oil refining business, as well as deteriorating chemical margins, and lower natural gas trading.   The British energy behemoth reported two...

Apollo Global Management Inc and Sixth Street Partners, which were looking to provide financing for Elon Musk's proposed $44 billion buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, according to a Reuters report quoting two sources with knowledge of the matter. ...

In recent years, American businesses have had an increasing number of reasons to reduce their ties with China. Tariffs imposed by former President Donald Trump Beijing's Covid lockdowns are severe. The Sino-American standoff over Taiwan. Political pressure to "friend-shore" supply chains to...