The US Supreme Court heard arguments on Monday on whether internet service providers should be held liable for the online pirating of copyrighted music by their users. Cox Communications, a major broadband ISP, is asking the court to throw out a jury verdict awarding $1 billion in damages to Sony...
Asian markets rise as US rate cut bets temper Japan bond unease
Stocks rose Tuesday following the previous day’s stutter as more weak US data helped solidify US interest rate cut optimism and tempered nervousness over rising Japanese bond yields. Expectations the Federal Reserve will lower borrowing costs has provided a boon to markets in the past few weeks and saw them...
Apple AI chief leaving as iPhone maker plays catch-up
Apple on Monday said the head of its artificial intelligence team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft. The plan for Apple senior vice president of Machine Learning and AI Strategy John Giannandrea to retire early next year comes...
Samsung unveils first ‘special edition’ triple-folding phone
Samsung launched its first triple-folding phone on Tuesday, a special-edition product with an eyewatering price tag placing it out of the reach of the average consumer. The Galaxy Z TriFold will go on sale on December 12 and costs more than twice as much as the new iPhone 17 at...
Prada completes acquisition of flashy rival Versace
Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Prada Group said in a statement that the deal with Capri Holdings, the US group which owned Versace, had “received all required regulatory...