Key Business News

LONDON, March 27 (Reuters) – Britain has told parents to curb young children’s screen time, advising no screens for under-2s and up to an hour a day for 2- to 5-year-olds because prolonged solo use can disrupt sleep and ‌displace play and exercise. Governments worldwide have been moving to tighten rules around children’s online use, with countries […]

YAOUNDE, March 28 (Reuters) – A group of World Trade Organization members agreed on Saturday to sidestep adoption hurdles for the world’s first baseline on digital trade rules, opting to ‌bring the agreement into force among consenting participants, the WTO said.In recent years, efforts by a group of countries to fold the E-Commerce Agreement into

March 20 (Reuters) – Foreign AI tools like Claude, ChatGPT and Gemini could be banned or restricted inside Russia ‌if they fail to adhere to new rules that would give Moscow sweeping powers to regulate the sector, according to government proposals published online.The proposals, published by Russia’s Ministry for Digital Development, would extend to the

WASHINGTON, March 20 (Reuters) – Pinterest CEO Bill Ready called on world leaders to ban social media ‌for youth under 16 in a LinkedIn post on Friday. Ready posted his statement while a trial is under way in Los Angeles about youth social media use. Google and Meta face allegations that their apps are fueling a youth mental

March 13 (Reuters) – Adobe’s battered shares fell another 6% on Friday as news that the Photoshop maker’s long-time CEO would step down cast fresh doubts over its strategy to battle mounting AI competition. Shantanu Narayen is credited ‌with crafting the modern Adobe (ADBE.O), opens new tab by turning its creative tools into a subscription service with more

March 13 (Reuters) – Adobe (ADBE.O), opens new tab said on Friday it ‌will pay $75 million to resolve a U.S. government lawsuit accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees and making it difficult to cancel subscriptions. The San Jose, California-based company said it will also provide $75 million of free

March 7 (Reuters) – Caitlin Kalinowski, head of robotics and consumer hardware at OpenAI, announced her resignation on Saturday, citing ​concerns about the company’s agreement with the Department ‌of Defense. In a social media post on X, Kalinowski wrote that OpenAI did not take enough time before agreeing to deploy its AI models ​on the Pentagon’s classified cloud

BEIJING, March 7 (Reuters) – China’s commerce ministry on Saturday raised the possibility of ‌another global semiconductor supply chain crisis due to “new conflicts” between Dutch chipmaker Nexperia and its Chinese subsidiary. Production across the global auto industry was disrupted in October when Beijing imposed export controls on Chinese-made Nexperia ​chips after The Hague seized the company from its Chinese parent Wingtech (600745.SS),

Feb 27 (Reuters) – OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence. The funding round includes a $30 billion investment from SoftBank, $30 billion from Nvidia (NVDA.O),

Feb 27 (Reuters) – Netflix jumped more than 9% premarket on Friday as investors cheered its decision to exit the fight for Warner Bros Discovery, while Paramount rose about 10% on winning the race for some of the world’s most prized TV and film assets. The end of the months-long bidding war put the focus back on the