Bob van Dijk Bloomberg | Bloomberg | Getty Images The immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent. In June, the Dutch-based e-commerce investor, …

Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with generative artificial intelligence. Diller, chair of IAC and Expedia, called for the law to be redefined to protect published material from capture in the knowledge bases …

Apple senior vice president for services Eddy Cue arrives at the Prettyman U.S. Courthouse in Washington, D.C., on Sept. 26, 2023. Chip Somodevilla | Getty Images Eddy Cue, Apple’s senior vice president of services, testified on Tuesday that the company chose to make Google the default search engine on iPhones …

In August, the Bank of England increased interest rates for the 14th time in a row. Alexander Spatari | Moment | Getty Images The British banking sector is seeing a rise in impairments amid rising inflation and ensuing interest rate hikes, according to Bank of England Deputy Governor Sam Woods. …

A sign declares the National Archive is closed due to a partial federal government shutdown in Washington, December 22, 2018. Joshua Roberts | Reuters Two big events could soon coincide: The U.S. federal government is poised to shut down just as student loan bills restart after a pause of more …

As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs were working on an investing feature that would let consumers buy and sell stocks, according to three people familiar with the plans. The project was shelved last year as the markets turned south, …

The European Union is “very far” from imposing new tariffs on Chinese electric cars, a top official told CNBC, just days after the bloc launched an investigation into subsidies given by Beijing. “We are very far from imposing import duties for Chinese vehicles, because I mean, these investigations to be …

Dear listeners, On Sunday, the N.F.L., Roc Nation and Apple Music announced that Usher will headline the 2024 Super Bowl halftime show. Only one reaction will suffice: “Yeah!” Such was the refrain heard everywhere in 2004, when the singer’s enthusiastically titled club banger “Yeah!” topped the Billboard Hot 100 for …

DETROIT – Strikes by the United Auto Workers union against General Motors, Ford Motor and Stellantis will get the presidential treatment this week in Michigan. Twice, in fact. President Joe Biden visited a picket line Tuesday at a GM parts facility in Belleville following a public invitation Friday from UAW …

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, attends an interview with Reuters in New York City, New York, U.S., May 22, 2023.  Mike Segar | Reuters Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move …