Business

On Monday, Disney announced that it plans to name a successor to current CEO Bob Iger by early 2026. The company also appointed former Morgan Stanley CEO James Gorman as its new chairman. Gorman, who stepped down as Morgan Stanley’s CEO in 2023, joined Disney’s board earlier in the year and has been leading the succession planning committee to identify …

For the first time since AT&T was broken up into regional companies four decades ago, the U.S. government is considering dismantling one of the world’s largest monopolies: Google. On Tuesday, the U.S. Department of Justice (DOJ) filed a court document stating it may recommend splitting up Google’s core businesses, potentially separating its search operations from its other products like Android, …

When X unveiled its updated terms of service, set to take effect on November 15, users quickly noticed a significant change. The new terms state that by posting or sharing content on the platform, users grant X a worldwide, non-exclusive, royalty-free license to use their content, including for purposes such as training machine learning and artificial intelligence (AI) models. This …

TikTok’s screen-time limit tool for teenagers is reportedly ineffective in reducing app usage, according to the company’s own internal analysis, as revealed by unredacted documents accidentally disclosed in a major lawsuit. These documents, obtained by Kentucky Public Radio (KPR) and shared with NPR, show that TikTok executives were aware of the tool’s ineffectiveness in managing the time teens spend on …

Apple had high hopes that new artificial intelligence enhancements would boost the popularity of the iPhone 16. However, early pre-sale figures suggest a less enthusiastic consumer response than anticipated. The tech giant has been relying on the iPhone 16 to rejuvenate its sales following a period of lackluster performance. The era when Apple enthusiasts would eagerly upgrade their phones nearly …

On Wednesday, a Brazilian association of internet providers claimed that Elon Musk’s social media platform, X, circumvented a court-ordered ban in Brazil through an automatic software update, as reported by Bloomberg. The platform, which had been blocked by a Brazilian Supreme Court ruling, unexpectedly became accessible for many users across the country overnight. This led to widespread speculation on Wednesday …

India has accused Samsung and Xiaomi of collaborating with e-commerce giants Amazon and Flipkart to bypass the country’s regulations, according to a government report. The accusation is part of a broader effort by India to crack down on foreign companies in the retail sector, as reported by Reuters. The Competition Commission of India (CCI) issued a detailed report—1,027 pages in …

Australia is planning to introduce a minimum age requirement for children using social media, citing concerns about the mental and physical health impacts on young people. However, the proposal has drawn criticism from digital rights advocates, who fear the move could drive harmful online behavior underground. Prime Minister Anthony Albanese announced that the government would conduct an age verification trial …