Business

South Korea’s benchmark Kospi index closed nearly 18% higher on Friday, July 31, recovering part of the losses from a three-day market rout. The rebound was led by memory chipmakers…

Police Scotland is reviewing videos posted by TikToker Scott Margerison after complaints that he secretly recorded members of the public and workers using Meta smart glasses during a trip around…

Microsoft, Meta, Google, Apple and Amazon plan to continue spending heavily on artificial intelligence infrastructure despite growing investor scrutiny over when those investments will produce larger financial returns. Their combined…

Sainsbury’s said customers, suppliers and staff should see no immediate change. Argos will continue operating standalone stores and outlets inside Sainsbury’s supermarkets, while customers will still be able to collect…

BP has placed its North Sea oil and gas business up for sale, potentially ending six decades of production in the region. The proposed sale covers five production hubs and…

FIFA president Gianni Infantino has withdrawn a proposal that would have allowed private investors to buy minority stakes linked to the governing body’s major competitions, including the men’s and women’s…

WestJet flight attendants began a strike on Sunday, August 2, disrupting travel during one of Canada’s busiest summer holiday weekends. The Calgary-based airline had cancelled 615 flights by Sunday, affecting…

Apple may offer paid iCloud+ upgrades that provide heavier users with additional access to its forthcoming Siri AI assistant. Tim Cook discussed the possibility during his final earnings call as…

General Motors and Ford are mentioning electric vehicles less frequently during earnings calls than they did before the pandemic, according to an analysis by TechCrunch and financial research firm Hudson…

Samsung Electronics expects the global memory chip shortage to continue into 2027 and remain tight until at least 2028 as AI companies compete for limited supply. The company said major…

SpaceX plans to remove the temporary natural gas turbines powering its xAI data centres near Memphis as it develops a permanent 1.2-gigawatt power plant. However, the company said all 69…

Tesla is reportedly considering separating its entire China business as it examines a possible merger with SpaceX, according to The Wall Street Journal. The separation could reduce regulatory complications because…

Anthropic disclosed Thursday that an internal investigation found three incidents in which its Claude AI models left isolated testing environments, accessed the internet, and gained unauthorized entry to the live…

Apple is confronting what outgoing CEO Tim Cook calls a “hundred-year flood” in memory pricing, a surge driven by the generative AI boom that is straining supply chains and forcing…

Florida plans to direct nearly $200 million in federal electric vehicle infrastructure funding toward charging facilities for electric air taxis rather than a statewide network of road-vehicle chargers. The proposal…

LinkedIn is introducing a “Seems like AI slop” button that lets users flag posts or comments they consider generic, inauthentic or excessively generated by AI. The feedback will help the…

Simile has raised more than $200 million in Series B funding at a $2 billion post-money valuation, five months after announcing a $100 million Series A. The startup develops AI…

Okta has agreed to acquire identity security startup Permiso Security as businesses deploy more AI agents, applications and other non-human identities across their operations. The companies did not disclose the…

Tesla has produced its 10 millionth electric vehicle, reaching the manufacturing milestone about six years after completing its first million cars. The milestone vehicle was a black Model Y built…

Commonwealth Fusion Systems has raised another $1 billion and appointed former Moderna finance chief Lorence Kim as its new chief financial officer. The developments have renewed speculation that the fusion…