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Home Business (page 16)

Business

Business News Today: Get all the Latest Business News, Market News, Asian and International Business News on the Asian Affairs.

Google to pay $400 million to settle US location-tracking probe

By Katherine S
November 15, 2022
in :  Business, Criminal, Technology
Google to pay $400 million to settle US location-tracking probe

Alphabet’s Google will pay $391.5 million to settle 40 states’ claims that it illegally tracked the movements of users, the Michigan attorney general’s office announced on November 14. The investigation and settlement, which were spearheaded by Oregon and Nebraska, are indicative of the tech giant’s escalating legal woes from state attorneys general who have aggressively attacked the company’s user monitoring …

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Twitter is scrambling to stop the spread of fake accounts

By Burapha
November 12, 2022
in :  Business, Technology, World
Twitter is scrambling to stop the spread of fake accounts

Twitter suspended sign-ups for a new paid checkmark system and reinstated a gray “official” badge on some accounts on Friday (November 11) to combat the proliferation of fraudulent accounts following Elon Musk’s takeover. The U-turn was the most recent in a series of turbulent developments at the social network, which has vacillated on the issue of account verification since Musk’s …

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Lawsuit alleges Apple and Amazon conspired to hike iPhone and iPad pricing.

By Noto
November 10, 2022
in :  Business, Criminal, Technology, World
Lawsuit alleges Apple and Amazon conspired to hike iPhone and iPad pricing.

Apple Inc. and Amazon.com Inc. were accused on Wednesday in an antitrust complaint of conspiring to increase iPhone and iPad pricing by banning practically all alternative resellers of new Apple products from Amazon’s website. The proposed class action in federal court in Seattle challenged a deal that went into effect in January 2019, under which Apple gave Amazon discounts of …

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Meta cuts 11,000 positions worldwide, including Singapore

By Jasmine C.
November 10, 2022
in :  Business, Singapore, Technology
Meta cuts 11,000 positions worldwide, including Singapore

Singapore has been impacted by global layoffs by social media company Meta, according to sources and posts on the professional networking website LinkedIn. Based on a tally of LinkedIn posts and The Straits Times’s sources, there are at least ten affected employees in Singapore. The layoffs will effect around 13% of Facebook’s parent company’s 87,000-person global workforce, or 11,000 employees. …

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Facebook parent Meta to cut almost 11,000 staff in 2022’s largest US layoffs

By Burapha
November 10, 2022
in :  Business, Economy, Technology, World
Facebook parent Meta to cut almost 11,000 staff in 2022's largest US layoffs

Meta Platforms Inc META.O announced on Wednesday that it will lay off 13% of its workforce, or more than 11,000 workers, in one of the year’s largest layoffs, as the Facebook parent company confronts rising costs and a sluggish advertising market. The large layoffs, the first in Meta’s 18-year history, come after hundreds of layoffs at other prominent digital companies, …

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Employee’s death sparks Paris Baguette boycott

By Noto
November 9, 2022
in :  Business, Criminal, South Korea
Employee's death sparks Paris Baguette boycott

On October 14, a 23-year-old employee of Paris Baguette died during a graveyard shift at a food industry facility. The employee was pulled into a machine that combines sauce while operating the machine. Coworkers did not uncover her dead until the following morning. The bakery’s poor handling of the case sparked criticism, as administrators attempted to profit on the victim’s …

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Meta will start firing employees on November 9

By Burapha
November 9, 2022
in :  Business, Technology
Meta will start firing employees on November 9

The Wall Street Journal stated that Meta Platforms Inc’s chief executive Mark Zuckerberg informed hundreds of executives on Tuesday that layoffs would begin on Wednesday morning. Zuckerberg sounded despondent at Tuesday’s meeting and admitted he was responsible for the company’s errors and that his overconfidence in the company’s development led to overstaffing, according to the newspaper and others familiar with …

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COVID-19 changes 1-day business travel for airlines

By Jasmine C.
November 7, 2022
in :  Business, Health, Lifestyle
COVID-19 changes 1-day business travel for airlines

To accommodate a COVID-driven shift in corporate travel for CEOs like Jerome Harris — the abandonment of one-day business visits in favor of longer stays – airlines throughout the world are revising flight schedules and introducing new routes. As a result of a pandemic-inspired reevaluation of his travel patterns, Harris, who resides in Sydney, no longer undertakes laborious one-day journeys …

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Apple warns of China COVID-19 disruption impacting iPhone shipments

By Jasmine C.
November 7, 2022
in :  Business, China, Health, Technology
Apple warns of China COVID-19 disruption impacting iPhone shipments

As a result of a large production decrease at a virus-infected plant in China, Apple Inc anticipates lower shipments of high-end iPhone 14 models than was originally predicted, hurting its sales expectations for the year-end Christmas season. Apple has remained a rare bright light in the global technology sector, which has been pounded by expenditure cuts owing to rising inflation …

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United Airlines suspends Twitter advertising

By Jasmine C.
November 5, 2022
in :  Business, Economy
United Airlines suspends Twitter advertising

United Airlines Holdings Inc has joined the list of firms banning advertising spending on Twitter, a United Airlines spokeswoman said Friday night. General Mills Inc. and Audi of America announced on Thursday that they have suspended advertising on Twitter, days after billionaire Elon Musk purchased the social media network for $44 billion. Concerns over Twitter’s new direction under new owner …

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