Business

Security sources say Thodex founder Faruk Fatih Ozer is in Albania, according to Turkish television. Turkish authorities on Friday detained 62 people over alleged links to an Istanbul-based cryptocurrency exchange after its founder fled with a reported $2 billion in investors' assets, official media reported. The suspects were apprehended in...

Intel said it saw "explosive" growth in demand for its computer chips in the past quarter, helping boost revenue above forecasts US semiconductor giant Intel on Thursday said it took in more money than expected in the first quarter amid "explosive" growth in demand for computer chips. Intel revenue was...

Delta Air Lines is among US carriers expecting more travel demand as Covid-19 vaccinations become widespread Delta Air Lines announced Thursday it was exercising options to buy 25 Airbus A321neo aircraft and accelerating deliveries of three other planes as it banks on a rebound in travel demand as Covid-19 ebbs....

The latest issue with the Boeing 737 MAX has so far not affected airlines much, but carriers say demand is picking up US regulators said Thursday they continue to work with Boeing to assess an electrical problem that has grounded more than a hundred 737 MAX planes, as airlines expressed...

Credit: CC0 Public Domain Alaska Airlines on Wednesday announced a plan to join the Amazon Climate Pledge and reduce the airline's carbon emissions to net zero by 2040, with interim goals for specific cuts in carbon, waste, and water use by 2025. Alaska Airlines CEO Ben Minicucci called it a...

American Airlines reported another quarterly loss but said bookings from leisure travelers are increasing as vaccines become more widespread American Airlines reported another quarterly loss Thursday as COVID-19 continued to depress travel, but expressed optimism at an industry recovery with vaccinations becoming more widespread. The big US carrier's first-quarter results...

In this July 18, 2019 photo, a sign is displayed at an AT&T retail store in Miami. Shares of AT&T Inc. rose Thursday, April 22, 2021 after the telecom giant's first-quarter results topped analyst expectations. (AP Photo/Lynne Sladky, File) Shares of AT&T Inc. rose Thursday after the telecom giant's first-quarter...

Credit: Unsplash/CC0 Public Domain A U.S.-driven effort to reach a global accord on taxing big tech companies' overseas profits is getting bogged down over ensnaring one firm in particular: Amazon.com Inc. A Treasury Department proposal, which was distributed to other governments earlier this month and has been seen by Bloomberg,...

In this March 4, 2020 file photo, people walk out of an Amazon Go store, in Seattle. Amazon said Wednesday, April 21, 2021 that it is rolling out its pay-by-palm technology to some of its Whole Foods supermarkets. The technology, called Amazon One, lets shoppers scan the palm of their...

Still plenty of dark clouds before the airline industry reaches blue skies Airlines face another bleak year with steeper losses than previously forecast, as some regions struggle to speed up COVID-19 vaccination campaigns and control virus variants, an industry group said Wednesday. The industry is expected to register net post-tax...

The former children's commissioner for England, Anne Longfield, says that behind TikTok's fun songs and dances "lies something far more sinister. TikTok was hit with a legal claim in Britain on Wednesday accusing the video-sharing app of illegally collecting personal data from millions of children in Europe. The former children's...

Credit: CC0 Public Domain The EU unveils a plan Wednesday to regulate the sprawling field of artificial intelligence, aimed at making Europe a leader in the new tech revolution while reassuring the public against "Big Brother"-like abuses. "Whether it's precision farming in agriculture, more accurate medical diagnosis or safe autonomous...

The sudden lack of rain is making a bad situation worse for a manufacturing process that uses billions of gallons of water a year to stave off contamination of its products In the foothills of Taiwan's mountainous spine, reservoirs are running dry as the island experiences its worst drought in...

In this June 28, 2018 photo, President Donald Trump takes a tour of Foxconn with Foxconn chairman Terry Gou, right, and CEO of SoftBank Masayoshi Son in Mt. Pleasant, Wis. Foxconn Technology Group will qualify for up to $80 million in state tax incentives under a new contract agreed to...

In this March 1, 2016, file photo, food delivery workers from Meituan, an E-commerce company, prepare to deliver orders placed online from a center in Beijing. Chinese food delivery giant Meituan said this week it raised nearly $10 billion in a sale of convertible bonds and additional shares and plans...

Credit: Pixabay/CC0 Public Domain A new feature coming to Venmo is making it easier for users to claim a stake in cryptocurrencies like Bitcoin. On Tuesday, the digital payments app owned by PayPal announced a crypto option, which would allow its users to buy, sell and hold cryptocurrency.Customers will get...

Credit: Unsplash/CC0 Public Domain A group of Wisconsin newspapers have filed a federal lawsuit claiming Google and Facebook's monopoly on digital advertising threatens the publications' existence and violates antitrust law. The lawsuit claims the internet giants' monopoly threatens the existence of local newspapers nationwide as well as a "profoundly negative...

Apple's new podcast subscription option could help the iPhone maker keep more content amid surging growth in the segment from Spotify Apple is adding a subscription option to its pioneering podcasting service, evidently moving to fend off fast-growing rival Spotify. Beginning in May, podcast fans around the world will be...

This handout image shows Apple product manager Raja Bose speaking about the new iPad Pro lineup at Apple Park in Cupertino, California Apple on Tuesday unveiled a new lineup of powered-up iPads including some with 5G connectivity, responding to surging interest in tablets and home-based work and play during the...

Samsung led a surging smartphone market in the first quarter with consumers looking for upgrades and 5G handsets, a research firm says Global smartphone sales snapped back in the first quarter of the year to show the strongest growth since 2015, a market tracker said Tuesday. Strategy Analytics said smartphone...