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Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Mastercard’s Acquisition Of Recorded Future Signals The Growing Role Of Cybersecurity In The Payments Industry

Amazon, Flipkart, And Smartphone Giants Face Allegations Of Collusion And Antitrust Violations In India

OpenAI Faces Challenges Amid Corporate Restructuring And Investor Demands*

US Consumer Sentiment Rises In September: Its Potential Impact On The U.S. Economy Amid Recession Fears

Boeing Strike: A Looming Threat To The Airline Industry And Global Jetliner Supply

Google's Victory Against EU Antitrust Fine: Implications For Europe’s Tech Landscape

The Impact Of The Reliance-Disney Merger On India’s Entertainment Streaming Industry

India Continues To Lead In Crypto Adoption Amidst Regulatory Challenges

Rising Trade Tensions: EU And China Clash Over Electric Vehicle Tariffs

Latest News

Google's Victory Against EU Antitrust Fine: Implications For Europe’s Tech Landscape

Rising Trade Tensions: EU And China Clash Over Electric Vehicle Tariffs

Reader's Pick

JD.Com Faces Strategic Crossroads Amid Walmart's Exit And China's E-Commerce Shifts 23/08/2024

U.S. Intensifies Sanctions On Entities Supporting Russia's War Effort, Including Chinese Firms 25/08/2024

Target’s Strategic Price Cuts Drive Strong Sales Growth Amid Economic Pressures 21/08/2024

Lego's European And North American Expansion Fuels Impressive Sales Growth 28/08/2024

Japanese Firms Open To Foreign Acquisition: 7-Eleven's Potential Buyout Sparks Debate 21/08/2024

Latest Business News
Google's Victory Against EU Antitrust Fine: Implications For Europe’s Tech Landscape

Google's Victory Against EU Antitrust Fine: Implications For Europe’s Tech Landscape

Companies

On Wednesday, Google's parent company, Alphabet, achieved a significant legal victory by overturning a 1.49 billion euro ($1.66 billion) antitrust fine imposed by the European Commission five years ago. This fine, levied in 2019, accused Google of stifling competition in online search advertising by forcing websites to exclusively use its AdSense platform. The ruling comes on the heels of a...
Rising Trade Tensions: EU And China Clash Over Electric Vehicle Tariffs

Rising Trade Tensions: EU And China Clash Over Electric Vehicle Tariffs

Markets

China's commerce minister, Wang Wentao, has voiced strong concerns over the European Union's impending tariffs on Chinese electric vehicles (EVs), warning that such measures will "seriously interfere" with trade and investment cooperation, ultimately harming both China and Germany. During a meeting on Tuesday with German Vice Chancellor and Economic Minister Robert Habeck, Wang emphasized the...
India Continues To Lead In Crypto Adoption Amidst Regulatory Challenges

India Continues To Lead In Crypto Adoption Amidst Regulatory Challenges

Markets

India has once again topped the global charts in cryptocurrency adoption, according to a recent report by blockchain analytics firm Chainalysis. This marks the second consecutive year that India has led in this domain, despite the country’s stringent regulatory environment and high trading taxes.   The Chainalysis report, which evaluates cryptocurrency usage across four sub-categories in...
The Impact Of The Reliance-Disney Merger On India’s Entertainment Streaming Industry

The Impact Of The Reliance-Disney Merger On India’s Entertainment Streaming Industry

Companies

The recent merger between Reliance Industries Ltd. and The Walt Disney Company’s Indian media assets has created a formidable new player in the global entertainment landscape. This $8.5 billion joint venture (JV), which combines the media businesses of both giants, is set to reshape the streaming and television sector in India. With at least 100 channels and two major digital streaming platforms...
US Consumer Sentiment Rises In September: Its Potential Impact On The U.S. Economy Amid Recession Fears

US Consumer Sentiment Rises In September: Its Potential Impact On The U.S. Economy Amid Recession Fears

Markets

In September, U.S. consumer sentiment reached a four-month high, driven by expectations of moderating inflation and improvements in household incomes. However, despite this optimism, concerns regarding the labor market continue to linger, raising questions about the broader implications for the U.S. economy as the nation grapples with recessionary fears.   This increase in consumer...
Amazon, Flipkart, And Smartphone Giants Face Allegations Of Collusion And Antitrust Violations In India

Amazon, Flipkart, And Smartphone Giants Face Allegations Of Collusion And Antitrust Violations In India

Markets

Major smartphone manufacturers, including Samsung, Xiaomi, and other prominent brands, are under investigation by India’s Competition Commission of India (CCI) for allegedly colluding with e-commerce giants Amazon and Walmart-owned Flipkart. These companies are accused of engaging in anticompetitive practices by launching products exclusively on these e-commerce platforms, in direct violation of...
Boeing Strike: A Looming Threat To The Airline Industry And Global Jetliner Supply

Boeing Strike: A Looming Threat To The Airline Industry And Global Jetliner Supply

Companies

Boeing's first strike in 16 years has sent ripples across the global airline industry, potentially exacerbating the already critical shortage of jetliners that has driven up airfares and forced airlines to extend the life of aging aircraft. As workers at Boeing's West Coast facilities walked off the job at midnight on Friday after rejecting a contract deal, the halt in production of Boeing’s key...
OpenAI Faces Challenges Amid Corporate Restructuring And Investor Demands*

OpenAI Faces Challenges Amid Corporate Restructuring And Investor Demands*

Companies

OpenAI, the creator of ChatGPT and the world's most valuable AI startup, is facing significant challenges as it seeks to attract further investment while grappling with fundamental changes to its corporate structure. A new $6.5 billion funding round is expected to come in the form of convertible notes, which hinge on a substantial restructuring of OpenAI’s governance. At the heart of this...
Mastercard’s Acquisition Of Recorded Future Signals The Growing Role Of Cybersecurity In The Payments Industry

Mastercard’s Acquisition Of Recorded Future Signals The Growing Role Of Cybersecurity In The Payments Industry

Companies

Mastercard, a global leader in the payments industry, has announced its agreement to acquire threat intelligence company Recorded Future for $2.65 billion from private equity firm Insight Partners. This acquisition highlights a growing trend where major financial institutions are investing heavily in cybersecurity to protect against the rising threat of cybercrime. The deal, expected to be...
SpaceX’s Historic Private Spacewalk Marks A Turning Point For The Commercial Space Industry

SpaceX’s Historic Private Spacewalk Marks A Turning Point For The Commercial Space Industry

Companies

SpaceX marked a significant moment in the annals of space exploration by conducting the world’s first private spacewalk. Billionaire Jared Isaacman, 41, and SpaceX engineer Sarah Gillis, 30, exited the Crew Dragon spacecraft, tethered in the vacuum of space hundreds of miles from Earth, while two other crew members, Scott Poteet and Anna Menon, observed from inside. This event is not just a...
Ukraine’s Labor Market Faces Severe Strain Amid Russia’s War: Economic Recovery At Risk

Ukraine’s Labor Market Faces Severe Strain Amid Russia’s War: Economic Recovery At Risk

Markets

As the war between Russia and Ukraine continues to devastate the region, the economic consequences for Ukraine are becoming increasingly dire. With millions displaced, thousands of men mobilized for military duty, and vital industries struggling to fill positions, Ukraine’s labor market is facing an unprecedented crisis. The ongoing war has not only disrupted daily life but also put immense...
Apple, And Google’s Losses In Major Legal Battles In EU Has Implications For The Wider Tech Industry

Apple, And Google’s Losses In Major Legal Battles In EU Has Implications For The Wider Tech Industry

Companies

In a significant victory for the European Union’s regulatory efforts, both Apple and Google have lost major legal battles over back taxes and antitrust violations. These rulings, which enforce billions in fines and taxes, not only mark a shift in the EU's relationship with Big Tech but also have broader implications for the tech industry globally, signaling that multinational corporations may...

World

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics
Ukraine's recent incursion into Russian border territory has caused significant upheaval, revealing internal challenges within Russia's military and strategic command. This unexpected operation,...

US Treasury Secretary Yellen Says $3 Trillion A Year Is Required For Climate Funding, Much More Than What Is Now Available

US Treasury Secretary Yellen Says $3 Trillion A Year Is Required For Climate Funding, Much More Than What Is Now Available
The largest economic opportunity of the twenty-first century, according to U.S. Treasury Secretary Janet Yellen, is to close the $3 trillion annual capital gap that would arise from the world's...

Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor

Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor
In a significant vote of confidence for Turkey amid its attempts to revive its economy, the Financial Action Task Force, an international watchdog group devoted to preventing money laundering and...

Global Warming Causes The First 12-Month Period Above 1.5C

Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...

2023 Was The Second-Warmest Year Ever For The UK

2023 Was The Second-Warmest Year Ever For The UK
The national weather service of the United Kingdom, Met Office, announced that 2023 was the second-warmest year on record for Britain. This finding highlights the increasing influence of human-caused...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...