Following the imposition of strict and sweeping regulations on the online education sector by Chinese regulators, TikTok owner ByteDance is planning to cut down some jobs and close down some of the tutoring business, said reports quoting sources with knowledge of the matter.     ...

A global shortage of semiconductors caused by the coronavirus pandemic resulted in a crisis in the global automotive market as companies struggle to buy key parts for their products. The Economist says chip shortages will reduce vehicle production in 2021 and 2022, even as demand recovers. In the...

Amazon will pay $10 each to customers who link their palm prints to their accounts. This will allow the company to better target ads and tailor offers. Experts fear that the data collected could be used for surveillance. Amazon has promised to give away $10 worth of coupons to customers who scan...

US oil and gas giant ConocoPhillips posted a net profit of $3.073 billion for the first half of 2021, compared with a loss of $1.479 billion a year earlier, the company said in a press release. Diluted earnings per ordinary share for the half year were $2.31, compared with a loss of $1.37 a year...

Heineken N.V. reported revenues of €11.97 billion in the first six months of the year, up 7.3 percent year-on-year. At the same time, the brewer's net profit rose 448% to €1 billion. The same period in 2020 ended with a loss of €297 million for the company. The company notes that the increase was...

Three major music labels - Universal Music, Sony and Warner - have turned down an offer from streaming service Spotify to participate in the Discovery Mode marketing programme, the Financial Times (FT) reports, citing sources close to the situation. The terms of the programme involve Spotify...

New data released Friday by the Centers for Disease Control and Prevention of the United States showed that about bout three-fourths of people infected in a Coviud-19 outbreak in Massachusetts, US, were completely vaccinated against the disease and four of the infected had to be hospitalized....

Coffee, sugarcane and orange crops in Brazil were threatened with frost as temperatures in the country dropped on Thursday – even with a rare snowfall overnight in some places, as a polar air mass moved toward the center-south of the country which is a global powerhouse for agricultural produce....

Altria Group is forced to postpone its conquest of the US market. The company announced that it is suspending further distribution of its IQOS tobacco heating system due to a patent dispute with British American Tobacco and a possible ban on imports of IQOS into the country. Altria began selling...