COMPANIES

Procter & Gamble reported another quarter of solid profit growth behind price hikes on Friday as shares rallied on an earnings forecast that topped analyst expectations.

IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices.

Chip giant TSMC said it is determined to "keep its roots in Taiwan", as it launched a massive new research and development facility in the northern city of Hsinchu on Friday.

Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).

The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communications app with its popular Office suite, on concerns the firm could be cutting out competitors.

Facebook parent Meta on Wednesday beat market expectations for quarterly earnings powered by a reviving digital ad business.

"The Byju's crisis does impact India's image as an investment destination so the Indian Government and StartUp ecosystem needs to take strong measures to make sure that it does not occur again, for this there need to be strong checks and balances at key institutional bodies like the MCA (RoC)," StartUp Consulting India founder Vivek Bhojwani told International Business Times.

As other big tech companies continue to release new AI products and announce AI collaborations, Apple, known for wrapping its products in secrecy, is reportedly working on AI tools that could challenge the likes of OpenAI's ChatGPT.

After a wildly successful first few days, Threads popularity has waned in the weeks since Meta launched its challenge to Twitter, which lives on despite its problems.

Amazon said Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Center, as part of its plans to launch a space internet service to rival SpaceX's Starlink.

FibroGen joins Illumina and Genentech in implementing job cuts among Bay Area biotech firms this year.

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture electric flying taxis that could take off as soon as 2026.

Microsoft reportedly eliminated more than 1,000 jobs in the past week, affecting customer service and sales units the most. The company has been investing heavily in AI in recent months.

United Airlines reported on Wednesday that second-quarter profits more than tripled, benefitting from robust travel demand and a surge in international capacity.

Video-sharing app TikTok has rolled out beta testing for its music streaming service in three more countries after previously launching the service in Brazil and Indonesia. The move could allow the ByteDance-owned company to compete with Spotify and other dominant players in the industry.

Celebrity greeting app Cameo is cutting its staff again after laying off employees last year. The company admitted to hiring too fast during the pandemic and is now looking to operate with a "more streamlined" workforce.

Elon Musk and other Tesla board directors have agreed to return $735 million to the company over claims they were overpaid between 2017 and 2020, which the directors have denied.

Binance's legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.

The FTC wants OpenAI to "describe in detail" multiple aspects of its business, including how it trains each LLM and collects data to train chatbots and also details of its risk management practices.

Another Indian edtech startup seems to have fallen victim to a funding crunch that has been biting the industry since the educational system started reverting back to offline learning as Skill-Lync reportedly cut around 200 jobs.

As the world grapples with environmental challenges and seeks to revolutionize mobility, technological advancements such as the rise of electric vehicles (EVs) and autonomous vehicles (AVs) have emerged as the cornerstones of a cleaner, safer, and more efficient future on the roads.

Two software companies have implemented workforce cuts this week as the software sector continues to experience the brunt of a wider tech reckoning.

There was a time when Japan was the world's largest semiconductor but in the past decades, the country's chip industry declined. With the government propping Rapidus up, will Japan finally make a comeback in the global stage?

From groundbreaking legislation and a new model for neurodiversity inclusion, to the first-ever official recognition of Community College Month in Illinois

"What Vedanta needed from the very beginning was a technology provider/partner ... Foxconn doesnt have it and so was never an ideal partner for the JV," a semiconductor analyst said.

FrontRow offered courses from a host of Indian influential people, including cricket player Suresh Raina and playback singer Neha Kakkar. The edtech startup raised over $17 million across two funding rounds.

Microsoft has had earlier mass layoffs, and Evernote also cut more than 100 workers in February, just months after the company was acquired by Bending Spoons.

Utah is looking to take social media companies to court over the alleged harm their products bring to the youth. Gov. Spencer Cox previously said he was expecting legal challenges from involved companies, and there have been concerns about the state's social media law possibly being unconstitutional.

Artificial intelligence continues to break norms and extend through various applications, and Google is diving into the world of possibilities with its work on a medical chatbot that it believes could handle healthcare conversations better than ChatGPT, Bing, or even its own Bard.