Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are
Technology
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters On Friday afternoon, a stream of Amazon workers exited a sprawling warehouse on New York’s Staten Island after wrapping up the daytime
A visual representation of Bitcoin. Edward Smith | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar with the matter. British Finance Minister Rishi Sunak is expected to make an announcement in
In this article UBER Peter Summers | Getty Images LONDON — Uber has secured a 30-month license to continue operating in London, ending a protracted battle with city regulators over whether the ride-hailing app was “fit and proper.” “Uber has been granted a London private hire vehicle operator’s license for a period of two and
In this article SPOT Spotify app Jaap Arriens | NurPhoto | Getty Images Spotify said Friday it’s pulling out of Russia entirely because recent laws restricting news operations could put the streamer’s employees and listeners at risk. It expects operations to be fully suspended by the end of April. Spotify’s decision to pull out of
In this article GOOGL A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google Fiber contractors in Kansas City, Missouri voted to unionize Friday, becoming the first workers with bargaining rights under the Alphabet Workers Union. The group of 10 full-time workers are employed by BDS Connected Solutions
In this article FB AAPL AMZN GOOGL Executive Vice President of the European Commission for a Europe Fit for the Digital Age Margrethe Vestager. Thierry Monasse | Getty Images News | Getty Images The European Union agreed on landmark new antitrust regulations that could reshape the business models of U.S. technology giants Meta, Apple, Amazon
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google executives, facing a barrage of criticism from employees on issues related to compensation, defended the company’s competitiveness at a recent all-hands meeting while acknowledging that the performance review process could change. The companywide virtual gathering earlier this month followed the release of
The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington. Jonathan Ernst | Reuters The Securities and Exchange Commission on Monday released a proposal for new rules that would require companies to disclose their risks related to climate change and their greenhouse gas emissions. It will be
Thomas Samson | AFP | Getty Images Hordes of Ukrainian coders are splitting their time between doing their day jobs and fighting a cyber war with Russia. Over 311,000 people have joined a group called “IT Army of Ukraine” on the social media platform Telegram, where Russian targets are shared. While not all of them
In this article 700-HK Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021 as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. However,
In this article TSLA SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk will officially open Tesla’s first manufacturing facility in Europe on Tuesday as the company looks to take pressure off
In this article BABA Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase
President Joe Biden speaks during a tour of the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Michael Wayland | CNBC President Joe Biden on Monday advised U.S. corporations to strengthen their cybersecurity practices because of intelligence reports indicating that Russia is looking at possibilities to attack. The guidance came almost
In this article 9868-HK A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Chinese electric vehicle maker Xpeng will hike the price of its
Understanding Ag teaching farmers about regenerative grazing. Photo courtesy Understanding Ag. When Gabe Brown first got into regenerative agriculture more than 25 years ago, he wasn’t trying to solve climate change. “I was just trying to keep the banker at bay and feed my family,” Brown told CNBC. Brown grew up in Bismarck, N.D., and