The New York-based fashion brand has announced that submissions are now open for its Plastic Innovation Prize, which challenges participants to come up with biologically degradable alternatives to thin-film plastic.
Snap, owner of photo messaging app Snapchat, announced Thursday it will launch a new standalone app later this year called Story Studio, with video editing tools to help users make professional-level content for mobile.
Zhang Yiming, co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo that he will step down as chief executive and be succeeded by co-founder Rubo Liang, the company said Thursday.
The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules will stand a better chance if they follow global OECD solutions expected this year.
Amazon on Thursday won its fight against an EU order to pay about €250M in back taxes to Luxembourg as Europe's second highest court dealt a blow to the bloc's crackdown against unfair tax deals for multinationals.
The United States’ largest mall owner announced that it has been seeing strong growth in traffic during an earnings call on Monday, but is still cautious in its outlook. The company’s revenues fell 0.08% in Q1.
U.S. asset manager Fidelity Investments has cut its valuation of Chinese financial technology giant Ant Group in half in its latest filings assessing the worth of the shares its funds hold in the group.
French billionaire Arnaud Lagardere has agreed to relinquish control over his media empire, which includes the Hachette publishing house, under pressure from investors and influential business tycoons.
Alphabet on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.