Price wars during Chinese shopping fest expose consumer woes

This year's festival is being more closely watched than ever as a gauge of consumer confidence as China flirts with deflation and has identified boosting household demand as key to avoiding lost decades of sluggish growth.

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Companies rush for cyber insurance on data laws, digitisation

Generally higher claims and lack of strong IT systems for SMEs is causing insurers to be wary about offering these products actively.

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EU AI Act to serve as blueprint for global rules: lawmaker Brando Benifei

While several countries have been looking at ways to regulate AI, European lawmakers have taken a lead by drafting AI rules aimed at setting a global standard for a technology key to almost every industry and business. The draft rules could get approved by next month.

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Mutual funds are taking a shining to new-age stocks

An analysis of shareholding patterns of new-age firms such as Zomato, Paytm, Delhivery, Nykaa and PB Fintech, showed mutual funds have increased their holdings in several of these companies slowly but significantly over the last four quarters.

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Amazon begins layoffs in music streaming unit

Employees in Latin America, North America and Europe received notices that their jobs had been eliminated Wednesday, according to people familiar with the matter.

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EU to ask YouTube, TikTok for details on measures protecting minors

The new EU rules known as the Digital Services Act (DSA) requires Big Tech to do more to fight harmful and illegal online content, especially content that targets minors.

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Google's open culture collides with the Israel-Hamas war

In the month since Hamas launched an attack inside Israel, and Israel retaliated with a bombing campaign and invasion of the Gaza Strip, discussion of the topic at Google -- for Muslims and Jews -- has sunk into an morass of hostility and intolerance, employees say.

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