Category: Business

Snap does not have much luck with gadgets. Video recording glasses first sold in 2016 led to a near $40mn loss. The release of Pixy, a little yellow drone, has … Read More

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Snap lost nearly a third of its value on Monday after the social media group said in an unscheduled earnings warning that it would be stung by worsening macroeconomic conditions. … Read More

Higher steel prices are set to delay South Korean shipbuilders’ return to profitability, despite surging orders and rising prices for new container ships and gas tankers. South Korea’s biggest producers … Read More

Shares in Zoom Video Communications leapt higher after the company boosted its earnings outlook for the current fiscal year and said it was still benefiting from the hybrid work trend. … Read More

Airbnb will close its domestic business in China this year, removing all listings by the summer and retreating after a years-long push to crack the difficult market. A source familiar … Read More

This article is an on-site version of our #techFT newsletter. Sign up here to get the newsletter sent straight to your inbox The world’s biggest crypto exchange promoted terraUSD as … Read More

The energy shock sparked by the war in Ukraine has shown the need to overhaul green energy transition plans and maintain investment in oil and gas production, according to Saudi … Read More

Clifford Chance has raised pay for newly qualified UK-based lawyers to £125,000 in the latest escalation of a fierce pay war for junior lawyers in the City of London. The … Read More

The US Securities and Exchange Commission has fined BNY Mellon’s investment adviser division $1.5mn for allegedly misstating and omitting information about environmental, social and governance (ESG) investment considerations for mutual … Read More