FTC: Amazon uses its monopoly to harm consumers, competitors and sellers
Amazon has been sued by the US Federal Trade Commission, 17 states, and other entities. They claim that Amazon…
Yearly Archives
2023
UK regulator: Common global regulations are needed before the ‘flying…
The UK's head of aviation regulation has called for a global standard for flying taxis. He predicted that air…
Germany is leading the push to delay tariffs on electric vehicles between EU and…
Germany leads a European push for accepting a British request to defer tariffs between the UK an EU on the sale of…
Western companies slow down in their efforts to ‘derisk’ China
Western companies are slowly insulating their China operations from the mounting tensions over trade and…
Jane Fraser of Citi sends a strong message about the major overhaul
Citigroup CEO Jane Fraser warned her bank's 244,000 employees that it was time to "get off the bus" and sign up for…
The shares of Royal Carpet maker Victoria plummet after auditors warn about fraud
The shares of Victoria, the UK-based supplier of red carpets for the royal family, fell on Monday, after its…
Research links Covid antiviral to mutations that are ‘transmissible,’…
The blockbuster drug Merck developed to treat Covid-19 was linked to mutations that are transmitted when…
Investors sell US Treasuries as they fret about a long period of high interest…
The dollar rose on Monday, as investors took their cues directly from the central banks and prepared themselves for…
Nissan boss: world needs to move away from combustion engines
The boss of Nissan has warned that the world "needs to move on" from the internal combustion engine days after UK…
Global trade drops at the fastest rate since pandemic
According to figures closely monitored, the world trade volume fell at its fastest annual rate in almost three…
Deutsche Bank DWS will pay $25mn in settlement of SEC probes
The US Securities and Exchange Commission has fined German asset manager DWS $19mn for greenwashing. This is the…
Irish startup plans UK’s First Drone Takeaway Service
After applying for an airspace license, an Irish start-up plans to deliver Britain's very first takeaways via…
Pendragon, a car dealer, is accused of fraud in the software business
Pendragon, a car dealer in France, is fighting to get a £260m claim of software fraud against it dismissed by…
BT will cut rural jobs as part of its diversity drive
A BT executive said that the company's diversity goals were partly responsible for its decision to relocate…
UK Press Slams Axing Facebook News as an ‘urgent Threat to Democracy’
In a letter that was hard-hitting, British newspaper groups warned about the impact of Meta's decision on democracy…
EDF’s chief executive and the French government disagree on strategy
The French government and its chief executive, whom it chose to lead the state-owned nuclear group EDF, have been…
Need for £8bn to meet demand in England for social care over the next decade
According to a recent study, the funding for social care in England must increase by more than £8bn to keep up with…
Italy reduces bank windfall tax
Italy has further diluted its windfall tax for banks by adding a clause that gives lenders the option of paying the…