Business

The main entrance to the New York Times headquarters is seen on December 13, 2019. The New York TImes said Wednesday it now has more than eight million subscribers in a quarterly update showing improving revenues and profits. Profits doubled to $54 million and revenues rose 23 percent to $498...

The success of Afterpay caught the eye of Square, a digital payment platform owned by Twitter chief Jack Dorsey. The $29-billion takeover of Australia's "buy now, pay later" app Afterpay by US firm Square has thrown a spotlight on a sector that is growing rapidly and grabbing the attention of...

Vodafone Idea and other operators have been battered since Mukesh Ambani's Jio entered the market five years ago. Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports that its billionaire chairman thought the firm was on the brink of collapse and wanted...

Sony now predicts a net profit of $6.4 billion for the fiscal year to March 2022. Sony upgraded its full-year profit forecast Wednesday on the back of a strong quarterly performance, although the pandemic boom enjoyed by the gaming sector is slowing. The Japanese entertainment and consumer electronics giant now...

Credit: Pixabay/CC0 Public Domain The COVID-19 pandemic was expected to change how people consume media. A new study analyzed online music streaming data for top songs for two years in 60 countries, as well as COVID-19 case and lockdown statistics and daily mobility data, to determine the nature of those...

Switching to clean energy technologies from old, emissions-intensive ones shouldn’t be this hard. Credit: Shutterstock Even after A$4,000 in repairs, Heather's $18,000 rooftop solar and battery system is still not working. Heather worked as a nurse until a workplace accident caused her to leave the workforce. She put most of...

Visitors gather at a display booth for Chinese technology firm Tencent at the China International Fair for Trade in Services (CIFTIS) in Beijing on Sept. 5, 2020. China's biggest gaming company Tencent Holdings said Tuesday, Aug. 3, 2021, that it would limit gaming time for minors and ban children under...

Employees of the video game company, Activision Blizzard, hold a walkout and protest rally to denounce the company's response to a California Department of Fair Employment and Housing lawsuit and to call for changes in workplace conditions. Activision Blizzard unveiled a management shakeup Tuesday following employee protests and a California...

Alibaba was the first of China's tech giants to feel the wrath of the government. Chinese e-commerce leader Alibaba Group said Tuesday that it posted lower profit but maintained steady revenue growth, indicating that a government crackdown on the country's tech giants was having little impact on its core business....

In this March 30, 2021 file photo, a banner encouraging workers to vote in labor balloting is shown at an Amazon warehouse in Bessemer, Ala. The union that tried, and failed, to organize Amazon warehouse workers in Bessemer, says it may get a do-over. The Retail, Wholesale and Department Store...

Qantas said the airline had gone from operating almost 100 percent of its usual domestic flying capacity in May to less than 40 percent in July due to coronavirus restrictions. Australian airline Qantas announced Tuesday it will furlough 2,500 workers as coronavirus outbreaks and regional lockdowns pummel demand for flights....

Tencent shares dived after state media described online gaming as 'spiritual opium' Shares of Tencent and other major Chinese gaming companies plummeted Tuesday after a state-run media article described online games as "spiritual opium". The criticism triggered fears among investors that online gaming was the next target for China's communist...

Travelers are lining up at O'Hare airport in Chicago, Friday, July 2, 2021. The U.S. set another pandemic-era record for travel on Sunday, Aug. 1, with more than 2.2 million people going through airport checkpoints. That's the biggest number in 17 months, although travel is still not quite back to...

In this March 29, 2018, file photo, the Facebook logo is seen on screen at the Nasdaq MarketSite, in New York's Times Square. European Union regulators are opening an in-depth investigation of Facebook's plan to buy Kustomer over concerns that the deal would stifle competition for customer relationship management software....

In this Wednesday, Oct. 28, 2020, file photo, Twitter and Square CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Commerce Committee on Capitol Hill, in Washington. On Sunday, Aug. 1, 2021, digital payments company Square Inc. said it has agreed to...

Credit: Pixabay/CC0 Public Domain Australian fintech Afterpay is being bought out by US digital payment platform Square—less than seven years after launching as a "buy now, pay later" start-up. Twitter boss Jack Dorsey's company is set to pay US$29 billion for the firm, which would reportedly be the biggest such...

Credit: Unsplash/CC0 Public Domain Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday. The suit charged that Zoom's sharing of users' personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.While Zoom denied wrongdoing, it did...

Credit: Unsplash/CC0 Public Domain Amazon was fined 746 million euros ($880 million) by Luxembourg authorities over allegations it flouted the EU's data protection rules, the online retail giant said Friday. The fine was issued July 16 by the Luxembourg National Commission for Data Protection following its determination that "Amazon's processing...

Credit: Unsplash/CC0 Public Domain China on Friday told the country's tech giants to conduct "deep self-examination" over issues including data security and user rights, as Beijing turns up the heat in its broadening regulatory clampdown. From e-commerce to ride-hailing, Chinese firms have been battered recently as regulators tighten the leash...

The Didi logo is seen at the top of its headquarters building in Beijing on July 16, 2021. Didi Global Inc. on Friday, July 30, 2021 denied a report by The Wall Street Journal that the ride-hailing service was considering buying back its U.S.-traded shares after its June market debut...