Category: Business News

A technology problem at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems in the afternoon for people trying to book flights on its website, the airline said. The Seattle-based company said in a statement that the problem on Monday morning resulted in “significant disruption” to its operations…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The UK faces a “widening gap” in its ability to tackle cyber threats as artificial intelligence and readily available technologies increase the scale and ferocity of attacks, the head of the country’s leading cyber security agency…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. A Delaware judge rejected Tesla’s attempt to revive a $56 billion pay package for Elon Musk, saying that once again overwhelming shareholder approval was not enough to overturn its previous rejection of the package. Monday’s decision…

Car manufacturers such as BYD and SAIC Motor do not hold out hope for a ceasefire in price war is raging in China’s oversaturated electric vehicle sector. American carmaker Tesla was the first to initiate price cuts for electric vehicles in China at the end of 2022, which in turn prompted its domestic rivals such…

Take a look at the list of the 10 most valuable companies traded on the US stock market and something immediately jumps out at you. Nine companies make up the coolest and most exclusive club in the business world, led by glamorous tech companies Apple (no. 1) i Nvidia (No. 2), together with Microsoft, Alphabetand…

A man held since September over the death of an American woman inside a controversial suicide pod in Switzerland was released from custody on Monday, although he remains under suspicion. The 64-year-old woman took her own life on September 23 inside a space-like Sarco capsule in a Swiss forest outside a village near the German…

Last night, at the charity event for the musical “The Devil Wears Prada” in London, Sir Elton John, who wrote part of the music for the series, revealed to the audience that he could not see the performance. “As many of you know, I’ve lost my sight,” John said. “It’s hard for me to see,…

Jamie Dimon has not spoken to Donald Trump for at least the past few months, a source close to the JPMorgan executive said Wealth. Report on Friday at New York Postwho said the two had been communicating for months through secret channels, is not true, according to the source. Trump’s transition team did not immediately…

The ruble came off its lowest level since the beginning of the week after the central bank stopped all purchases of foreign currency by the end of the year, but remains damaged – and resources to prevent further collapse are dwindling. On Friday, the central bank set the official exchange rate at around 108 to…

A little over a month ago Intel CEO Pat Gelsinger announced his sudden retirement on Monday, four former members of the company’s board wrote a public letter warning that the iconic American chip giant time was running out to turn the business around and prompted the company to split in two. IN op-ed he published…