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Chinese robotics company UBTech has signed an agreement with aircraft manufacturer Airbus to supply robots for use in aviation manufacturing, as humanoid robotics gains traction in industrial settings. UBTech said Airbus has already purchased its latest industrial humanoid robot, the Walker S2, and that the two companies will work together to expand the application of […]
Shares of Netflix listed in Frankfurt fell sharply on Wednesday, dropping around 7% in early trading, despite the company beating expectations for fourth-quarter revenue and earnings. The decline reflects investor concern over Netflix’s capital allocation as it pursues a high-stakes acquisition. Netflix told investors it would pause share buybacks in order to preserve cash to […]
The U.S. Federal Trade Commission has appealed a court ruling that dismissed its antitrust case against Meta Platforms, seeking to revive claims that the company illegally built monopoly power by acquiring Instagram and WhatsApp. The FTC said its position remains unchanged despite last year’s dismissal. The agency argues that Meta’s purchases of Instagram in 2012 […]