Layoffs in the technology sector reach a new high
As layoffs continue to shake the technology sector, a new report reveals the tech companies that have slashed the most jobs in 2024 so far. Data shows that in the UK, at least 6,036…
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OpenAI releases ChatGPT search engine, taking on Google
OpenAI on Thursday beefed up its ChatGPT generative AI chatbot with search engine capabilities, as the startup takes on Google’s decades-long dominance of web search. The upgrade enables users to receive “fast,…
EU adopts extra tariffs of up to 35.3% on Chinese EVs
The EU on Tuesday decided to slap hefty tariffs on Chinese-made electric cars after an anti-subsidy probe concluded Beijing’s support to local manufacturers was unfair. The extra taxes have been controversial, with strong…
Tesla shares jump as profits rise on lower expenses
Tesla shares surged Wednesday after the electric car maker reported a jump in profits, as increased auto sales and lower expenses offset the drag from a drop in vehicle prices. The company,…
McDonalds: Burgers, bacteria and market bombing
McDonald’s Quarter Pounders are temporarily unavailable in some states across the U.S. due to an outbreak of Escherichia coli food poisoning. There has been one confirmed death from the toxin the bacterium produces, according to the…
American Airlines reports loss on costs from new labor contract
American Airlines reported a loss Thursday on costs connected to a new labor contract, but described travel demand as solid as it lifted its full-year earnings forecast. The big US carrier reported…
Sales of new US homes at highest level in over a year
Sales of new homes in the United States last month exceeded analyst expectations Thursday, logging the fastest pace in more than a year on the back of cooler mortgage rates. Sales of…
World Bank president focused on job creation ahead of annual meetings
The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week’s gathering of the world’s finance ministers and central bankers in Washington, its president said…
Internal TikTok documents show prioritization of traffic over well-being
TikTok teams identified harmful effects of its platform on young users but limited preventive measures so as to avoid a drop in traffic, according to internal documents revealed Friday by a US…
New funding to explore the human genome
The University of Michigan is set to increase the amount and type of genetic information stored in its Trans-Omics for Precision Medicine (TOPMed) data centre. This information is used by researchers and healthcare providers…
