The US chipmaker Intel has won a long-running battle to quash a fine of more than €1bn imposed by the European Commission for allegedly abusing its market dominance in the sale of computer chips.In a final ruling on Thursday, theEuropean court of justice upheld an earlier judgment that had quashed the €1.06bn (£880m) fine and partly dismissed the charges of anticompetitive behaviour.But the ruling by the EU’s highest court is not the last word in the dispute, which dates back more than two decades. Intel ha ...

Boeing workers have rejected the latest offer to end the more than a month-long strike that has crippled the already struggling manufacturing giant.In a blow to Boeing and the Biden administration, which has fought for a resolution to the dispute, 64% of the 33,000 members of the International Association of Machinists and Aerospace Workers union voted to reject the contract, the union said late on Wednesday.“After 10 years of sacrifices, we still have ground to make up, and we’re hopeful to do so by resumi ...

Tesla shares saw an 8% jump after reporting its third quarter earnings on Wednesday. The electric car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share. The company reported an earnings-per-share of $0.72, surpassing investors’ projection of $0.60.At the end of the second quarter, Tesla’s chief executive, Elon Musk, said the nearly 50% drop in profits was temporary and due to difficulty competing with cheaper or price-slashed electric v ...

Meta Platforms and its chief executive, Mark Zuckerberg, won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy statement about their ability to ensure the safety of children who use Facebook and Instagram.In a decision on Tuesday, the US district judge Charles Breyer in San Francisco said the plaintiff, Matt Eisner, failed to show that shareholders suffered economic losses from Meta’s alleged inadequate disclosures.Eisner also said federal securities law did not require Meta to de ...

Meta is fighting the scourge of celebrity investment scam ads with facial recognition technology to detect those who most often have their images used.The parent company of Facebook and Instagram announced on Monday it would begin trialling the use of facial recognition technology with a select pool of 50,000 celebrities or public figures worldwide on an opt-out basis in December.If Meta’s existing systems suspect an ad may be a scam, it would compare the images in the ad against the public figure’s Faceboo ...

The media baron Rupert Murdoch’s Dow Jones and the New York Post filed a lawsuit against Perplexity AI on Monday, claiming the artificial intelligence startup engages in a “massive amount of illegal copying” of their copyrighted work.The lawsuit is the latest salvo in a bitter ongoing battle between publishers and tech companies over how the latter may use copyrighted content without authorization to build and operate their AI systems.“This suit is brought by news publishers who seek redress for Perplexity’ ...

Walt Disney said it would announce another replacement for CEO Bob Iger in early 2026 and named a veteran of Morgan Stanley as board chair on Monday, for the first time announcing a timetable for succession at the storied media and entertainment company.James Gorman will step down as executive chair of Morgan Stanley at the end of 2024 and take on the position at Disney in January. He had served as CEO of the Wall Street bank for 14 years and is credited with transforming it into a wealth management powerho ...

The US government’s road safety agency has opened an investigation into 2.4m Tesla vehicles with the automaker’s Full Self-Driving software after four reported collisions, including a fatal crash.The National Highway Traffic Safety Administration (NHTSA) on Friday said it was opening the preliminary evaluation after four reports of crashes where Full Self-Driving was engaged during reduced roadway visibility like sun glare, fog or airborne dust.In one crash “the Tesla vehicle fatally struck a pedestrian. On ...

Netflix expects to double its profits this quarter after the world’s largest streaming service added more than 5 million new subscribers this summer.After cracking down on password sharing, introducing adverts to its service and investing billions in live TV, the group declared it had “delivered” on plans to shore up its business.Hits including The Perfect Couple and Emily in Paris drew viewers to the platform in the last quarter. Netflix hopes a new season of Squid Game will bolster its audiences as the ye ...

Meta, the owner of Facebook and Instagram, has reportedly fired about 24 staff at its Los Angeles offices for using their $25 meal credits to buy items such as toothpaste, laundry detergent and wine glasses.The tech firm, which is worth £1.2tn and also owns the messaging platform WhatsApp, is said to have dismissed workers last week after an investigation discovered staff had been abusing the system, including to send food home when they were not in the office.That included one unnamed worker on a $400,000 ...