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Google eliminates hundreds of jobs in ad team tweak
Google eliminates hundreds of jobs in ad team tweak
Technology
by  AFP

Google on Tuesday confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use artificial intelligence for efficiency and creativity. Expansion of small business ad teams at Google was expected by the company to result in increased hiring this year.

Apple ends Samsung's 12-year run as world's top smartphone seller
Apple ends Samsung's 12-year run as world's top smartphone seller
Technology
by  AFP

Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data showed. They also pointed to an increasingly fragmented market for smartphones that run on the Android operating system, citing low-end Samsung rivals such as Transsion and Xiaomi as well as Honor and Google.

US judge blocks JetBlue-Spirit airline merger
US judge blocks JetBlue-Spirit airline merger
Economy
by  AFP

A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition. "The elimination of Spirit would harm cost-conscious travelers who rely on Spirit's low fares," the judge added.

US Fed 'within striking distance' of inflation target: official
US Fed 'within striking distance' of inflation target: official
Economy
by  AFP

The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday. "As long as inflation doesn't rebound and stay elevated, I believe the FOMC will be able to lower the target range for the federal funds rate this year," he continued.