Business

Ryan Salame, one of the former directors of the collapsed crypto exchange FTX, will serve five to seven years in prison. American prosecutors demand this because they accuse him of "serious crimes" that should be punished with "significant…
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Apple is close to reaching an agreement with OpenAI on using artificial intelligence on Apple devices, according to Bloomberg news agency insiders. If the deal closes, OpenAI will make certain features of its popular ChatGPT…
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American consumer confidence fell sharply this month due to household concerns about higher inflation. The University of Michigan reports this in a preliminary estimate. The confidence index fell to 67.4 from 77.2 in April, the…
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American electric car manufacturer Tesla is accelerating job cuts in China. According to sources from the Bloomberg news agency, the company started laying off customer service representatives, engineers, production workers and logistics…
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Tesla was the big winner on Wednesday's New York stock exchanges. The electric car manufacturer has had its worst quarter in years, with sales falling and net profit more than halving. Tesla faces fierce competition in China. The…
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Microsoft became a minority shareholder of G42, an AI company from the United Arab Emirates. The investment comes amid the geopolitical race between China and the US. For one and a half billion dollars, Microsoft will receive an…
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British budget airline easyJet on Tuesday suspended all flights to Israel until October 27 due to the security situation in the Middle East. EasyJet previously decided not to fly to and from Tel Aviv, at least this week, after Iran…
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An American bank that lends a lot of money to investors in commercial real estate, New York Community Bancorp (NYCB), has run into problems. The company has discovered that internal controls on credit risks are not in order. The…
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