Business News Stories
Canoo, the electric vehicle startup that promised millions in incentives, files for bankruptcy
Canoo, the electric vehicle manufacturer that once promised to employ 2,000 Oklahomans, announced Friday night it declared bankruptcy with plans to liquidate all assets. The filing, made in the U.S. Bankruptcy Court for the District of Delaware, will be followed with appointment of a trustee to...
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YouTuber MrBeast says he wants to buy TikTok after meeting with a ‘bunch of billionaires’
Jimmy Donaldson has compiled quite the resume since he began making videos as a teenager in his Greenville, North Carolina, bedroom. The world’s most popular YouTube channel. A successful snack line. A new Amazon reality competition that (despite mixed critical reviews)...
photo: AP
Biden-Era US Stock Market Finishes With Sizable Gains
U.S. stocks finished strong on President Joe Biden’s final full day in the White House as Wall...
photo: AP / /Mary Altaffer, File
U.K. restaurant selling $177 pineapple pizza says that's the price for 'terrible judgment'
People who prefer their pizza peppered with pineapples will have to pay a pretty penny for the pleasure at a pizzeria in Norwich, England. ......
photo: Creative Commons / Janine from Mililani, Hawaii, United States http://www.flickr.com/people/62274271@N00
Pakistani airline says ad showing plane flying toward Eiffel Tower never meant to evoke 9/11
ISLAMABAD (AP) — Pakistan’s national airline said Thursday that an advertisement showing a plane heading toward the Eiffel Tower was never intended to evoke the memories of the Sept. 11 attacks. The illustration, not in video format, shows a plane superimposed over the French flag and tilted toward...
photo: AP / Thibault Camus
Tourists cancel Thailand trips amid safety concern
HOTELS and airlines are experiencing widespread cancellations from Chinese tour groups ahead of the Chinese New Year holiday, with independent tourist bookings also slowing due to safety concerns in Thailand. Days ago, the news that Chinese actor Wang Xing was rescued from a human trafficking ring...
photo: WN / RTayco
Apple loses top seller spot in China
BEIJING —Apple was dethroned as China's biggest smartphone seller in 2024, with local rivals Vivo and Huawei overtaking the iPhone maker after its annual shipments in the country declined 17 percent, data from research firm Canalys showed on Thursday. It was Apple's largest-ever annual sales decline...
photo: AP / Mark Schiefelbein, File
Malaysia wants to become Asia's Silicon Valley. This time, investors and founders say it's got a shot.
As Malaysia enters a period of political stability, its new dream is to become a regional tech hub.Investments and startups are flowing into the country, but it's still early days.Despite its last tech mega-project failing, insiders told BI they see a winning plan this time. Kean Wei Kong's hands...
photo: WN / RTayco
A Texas-based TikTok challenger called Clapper is seizing the moment
Social-video app Clapper has soared in the app download charts as TikTok users seek out alternatives. ClapperThe app Clapper has surged in downloads amid a potential TikTok ban in the US.Clapper is a social-video app founded in 2020 and based in Texas.It offers an ad-free experience and monetization...
photo: Creative Commons
Biden forgives $4.5B for 261,000 borrowers in final student loan action
The Biden administration forgave $4.5 billion for more than 261,000 student loan borrowers in one of its final actions before departing office. In a statement released by the Department of Education (DOE), the Biden administration said the forgiveness was distributed to 261,000 borrowers who...
photo: Creative Commons / Bostonian13

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