Gap will shed more than 100 European stores as it focuses on online shopping.
The retailer will close its locations in Britain and Ireland and is trying to sell its shops in France and Italy as demand for online shopping keeps surging.
Didi, the Chinese Ride-Hailing Giant, Makes Its Debut on Wall Street
The company is going public as investors continue to embrace share sales by tech companies. But Didi could face additional scrutiny because of its Chinese origins.
Hertz leaves bankruptcy, a year after the pandemic devastated the car rental business.
The company headed into the pandemic bloated with debt, but has benefited from surging prices both for rental cars and used vehicles.
World Wide Web NFT Sells for $5.4 Million
The source code to an early implementation of the web created by Tim Berners-Lee was sold as an NFT by Sotheby’s. Bidders had a week to name their highest price for the source code in an auction called “This Changed Everything.”
Robinhood is fined $70 million over misleading customers and system outages.
The fine was the largest ever imposed by the Financial Industry Regulatory Authority, which is known as FINRA.
Gates Foundation commits more than $2 billion to gender equality efforts.
The foundation noted that women had been disproportionately hurt by the pandemic.
Amazon says the new F.T.C. chair, Lina Khan, should recuse herself from investigations.
Amazon said that if Ms. Khan played a role in antitrust investigations of Amazon, it would violate federal ethics rules and the firm’s right to due process.
Iranian Disinformation Effort Went Small to Stay Under Big Tech’s Radar
The effort, targeting activists in Israel, was the latest indication that governments are trying new, harder-to-detect methods to sow discontent online.
Renault says electric cars will dominate its sales by the end of the decade.
The French automaker is joining the ranks of manufacturers who are deeply committed to a battery-powered future.
Teneo C.E.O.'s Ouster Raises Question of Firm's Worth
The exit of Teneo’s chief raises questions about the future of the influential advisory firm.