Business

On Monday, August 26, Apple announced the appointment of Kevan Parekh, an Indian-origin executive who has been with the company for over a decade, as its new Chief Financial Officer (CFO). Parekh, currently Vice President of Financial Planning and Analysis, will succeed Luca Maestri as CFO starting January 1, 2025. This leadership shift occurs as Apple prepares for several major …

Pavel Durov, the CEO and founder of the messaging app Telegram, was arrested by French authorities on the evening of Saturday, August 24, at Le Bourget airport near Paris. Durov, who was traveling from Azerbaijan on a private jet, was detained around 8:00 PM local time (6:00 PM GMT), as reported by AFP. The arrest warrant for Durov was issued …

Former US President Donald Trump has expressed interest in appointing Tesla and SpaceX CEO Elon Musk to a high-profile role should he win another term in office. In a discussion with Reuters on Monday, Trump revealed his consideration of Musk for a potential Cabinet position or as an advisor, following a campaign event in York, Pennsylvania. “I would tap Musk …

Elon Musk’s AI chatbot, Grok, created by his startup xAI, recently enabled users on the social media platform X to generate AI-created images from text prompts. Shortly after its launch, it became evident that Grok allowed the creation of controversial and potentially harmful images, including misleading depictions of political figures like former President Donald Trump and Vice President Kamala Harris, …

On Thursday, TikTok presented its case in a federal appeals court, challenging the U.S. Department of Justice’s portrayal of its connections to China. The company is fighting a law that mandates its Chinese parent company, ByteDance, to divest TikTok’s U.S. operations or face prohibition. TikTok contends that the Justice Department has misrepresented the facts, arguing that it does not pose …

Kamala Harris laid out her vision for an “opportunity economy” on Friday, proposing tax cuts for most Americans, measures to curb “price gouging” by grocery stores, and initiatives to expand affordable housing, should she win the presidency. In her first major economic address as the Democratic presidential nominee, Harris pledged to introduce a new child tax credit of up to …

On Tuesday, August 13, Starbucks announced a leadership change, replacing its current CEO, Laxman Narasimhan, with former Chipotle executive Brian Niccol. This move comes amid growing concerns about the coffee giant’s financial health, which has been affected by declining sales. The downturn is partly linked to a widespread backlash over the company’s alleged connections to Israel. The backlash began after …

The United States and Europe are moving quickly to reduce China’s dominant position in clean energy technologies by increasing subsidies for local manufacturers and raising tariffs on Chinese imports, marking a significant shift toward protectionism. China’s stronghold on clean energy supply chains presents a dilemma for governments striving to green their economies and meet urgent climate goals while also safeguarding …