Technology
Airlines, hotels warn Google changes may benefit large intermediaries
LOBBYING groups representing airlines, hotels and restaurants on Wednesday (Mar 6) warned that changes proposed by Alphabet’s Google to comply with European Union landmark rules may drive users to...
Bank of America clinches record number of patents with AI, information security in focus
BANK of America (BOA) secured a record 644 United States patents in 2023, up 13 per cent from the previous year, as the lender focused on information security, artificial...
Apple’s 10 biggest challenges, from AI to China
APPLE, once the undisputed king of the technology world, is now under attack on many fronts. Chinese demand for its products is cooling. The company’s money-spinning App Store is...
Apple escalates Epic Games feud by blocking Fortnite app in EU
APPLE escalated its feud with Epic Games on Wednesday, blocking the Fortnite video-game maker from launching its own online marketplace on iPhones and iPads in Europe. The two companies have...
Oil prices up 1% on small build in US crude stocks, Fed rate cut remarks
OIL prices edged up about 1 per cent on Wednesday on a smaller-than-expected build in US crude inventories, a big withdrawal from distillate and petrol stocks and remarks by the...
US: Stocks pick up as investors eye Federal Reserve Chair testimony
WALL Street stocks regained some ground on Wednesday while traders kept watch on the congressional testimony of Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average rose 0.2 per cent...
Deutsche Bank cuts investment bank bonuses more than 10%
DEUTSCHE Bank ut the bonus pool at its investment banking division by more than 10 per cent after a slump in deals and a slowdown in trading last year....
Foot Locker plummets as CEO delays growth plan by two years
FOOT Locker pushed back a plan to expand its sales to US$9.5 billion by two years after a sluggish 2023. The projection, unveiled a year ago, is expected to...
