Apple hit with EU’s $2b antitrust fine in music streaming complaint by Spotify
On Monday, the European Union imposed its first antitrust fine of almost $2 billion on the American tech giant for violating the bloc’s competition regulations
AfDB raises $11 billion for poor nations with US funding still pending.
The African Development Bank (AfDB) said on Tuesday that it had raised $11 billion for its fund, which lends money to low-income nations on advantageous
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Elon Musk sues OpenAI and the company’s CEO, Sam Altman claiming a breach of mission to advance humanity.
Elon Musk is suing OpenAI and CEO Sam Altman for allegedly betraying the ChatGPT maker’s original goals of advancing humanity over business interests. Billionaire Musk
Zimbabwe needs a predictable fiscal and monetary policy to instill confidence in its currency – World Bank.
A senior World Bank official stated on Friday that Zimbabwe must increase the predictability of its monetary and fiscal policies to restore confidence in its
Nvidia CEO says AI could outreason humans in five years, as the company achieves a $2tr valuation.
Artificial general intelligence may arrive in as little as five years, according to Chief Executive Jensen Huang’s comments on Friday. At an economic forum held
JPMorgan outsources a $500b custody business to StanChart and HSBC in Taiwan and Hong Kong.
With assets worth more than $500 billion, JPMorgan Chase has chosen HSBC and Standard Chartered to run its custody businesses in Hong Kong and Taiwan,
Nigeria crackdowns on cryptocurrencies in a bid to salvage the Naira detains Binance executives.
The Financial Times reported on Wednesday, that two senior executives of Binance had been detained in Nigeria as the nation cracks down on cryptocurrency exchanges.
Chinese-made “smart cars” can be used to gather sensitive information about Americans at scale.
The Biden administration says it will look into Chinese-made “smart cars” that potentially collect private data on Americans who use them, citing possible threats to
Gottesman’s widow donates $1b to a New York medical school, the highest on record.
Samuel Woo, a first-year student, was thinking about going into cardiology so he could pay off his medical school debt, but last week he learned
Swisscom to build synergy by acquiring Vodafone Italia in an $8.65b merger deal.
Swisscom, a telecom company, announced on Wednesday that it is in discussions with Vodafone Group to acquire its Italian business for a potential 8 billion
Barclays leverages credit risk transfer with the sale of $1.1b US credit card debt to Blackstone.
Barclays has agreed to sell Blackstone around $1.1 billion in credit card debt in the US. The British bank claimed that this transaction would free
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