In a move that is expected to allay bank concerns on a redress plan that some analysts had warned may cost tens of billions of
Category: WORLD NEWS
BigTech to share AI infrastructure costs, with Meta reclassifying $2 billion in assets as held-for-sale.
In a filing on Thursday, Meta Platforms revealed plans to sell $2 billion worth of data center assets as part of its ongoing efforts to
Trump calls on the Federal Reserve Board to strip Fed Chair Powell of all authority over the central bank.
On Friday, President Donald Trump criticized Fed Chair Jerome Powell for failing to lower short-term interest rates and called on the board of governors to
Microsoft’s annual cloud revenue reaches $75 billion, poised for a $4 trillion valuation.
Microsoft reported on Wednesday that its flagship Azure cloud computing platform generated over $75 billion in annual revenue, representing a 34% increase over the previous
Meta’s WhatsApp AI chatbot harms competition and locks users into the platform—Italian watchdog.
In response to claims that Meta Platforms misused its power by integrating its artificial intelligence tool on the messaging app WhatsApp, Italy’s antitrust body announced
The US and EU, representing 30% of global trade, avert a trade war with a 15% tariff deal.
By placing a 15% import duty on the majority of EU goods, which is half the feared rate, the U.S. and the European Union reached
Mexico’s antitrust watchdog accuses 21 banks of forming a cartel for price fixing.
In a document released by the government agency and obtained by reporters, Mexico’s antitrust watchdog COFECE concluded that 21 banks and financial organizations operating in
Paramount Skydance Corp’s $8.9 billion merger is set to crystallize in two weeks.
After receiving regulatory permission for the $8.4 billion agreement, Paramount Global stated on Friday that it anticipates finishing its merger with Skydance Media by August
Big Tech’s pushback against EU rules: Meta to end political advertising in the EU.
The U.S. social media company Meta Platforms announced on Friday that it will stop political, electoral, and social issue advertising on its platform in the
Bank of America, a Fed-certified top US lender, approves the repurchase of $40 billion in stock.
The board of Bank of America approved a $40 billion stock repurchase program on Wednesday, according to a new report. The bank stated that the
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