Business & Finance
Apple loses court case with the EC over application of special requirements under the Digital Markets Act
The European General Court has rejected Apple Inc.'s lawsuit contesting the European Commission's ruling to label it a "gatekeeper" under the Digital Markets Act (DMA). This designation can be given to major digital firms offering platform services if they fulfill several criteria concerning,...
Apple's Chinese partner plans to raise $3.1 billion in Hong Kong IPO
Chinese Apple supplier Luxshare Precision Industry has started accepting applications from investors for its share offering on the Hong Kong Stock Exchange, as reported by Bloomberg, referencing a company announcement. Luxshare anticipates generating as much as HK$24.3 billion ($3.1 billion). If...
Nestle Targets Cleaner Labels Through Global Ingredient Overhaul
Nestle's decision to eliminate artificial food colourings from its entire global product portfolio by the end of 2026 reflects more than a recipe change. According to information reported by sources familiar with the company's plans, the world's largest packaged food manufacturer is responding to...
Apple raises MacBook and iPad prices due to memory chip shortage
Apple Inc., based in the US, has increased prices for its products, such as MacBook laptops and iPad tablets, because of higher expenses for memory chips following a shortage. Apple's CEO Tim Cook had earlier revealed the intended price hike during an interview with The Wall Street Journal. As...
ByteDance seeks $20 billion in loan funds to invest in AI technologies
ByteDance, the parent company of the social media app TikTok, is negotiating a $20 billion loan from global banks, potentially marking the largest loan in the tech firm's history, according to Bloomberg, which references knowledgeable sources. Based on these sources, the firm is seeking a...
Circadian Science Drives Qantas' Ultra-Long-Haul Strategy
As airlines continue to push the limits of non-stop commercial aviation, one challenge remains more difficult than engineering longer-range aircraft: the human body. While advances in aircraft technology have made it possible to connect distant cities with direct flights lasting close to 20 hours,...
Trump Media drops Truth Social spinoff
Trump Media & Technology Group Corp. (TMTG) has abandoned plans to divest various media assets, including Truth Social, after finalizing its merger with TAE Technologies. TMTG revealed a stock-swap merger exceeding $6 billion with TAE, a nuclear fusion firm, set for December 2025. TMTG's...
Amazon to invest over €10 billion in Europe, create 25,000 more jobs
Amazon.com Inc. plans to invest more than €10 billion in expanding and upgrading its fulfillment centers across Europe in the coming years. The company intends to generate an additional 25,000 job opportunities in European fulfillment centers throughout this period. Significant attention...
Amazon to hold Prime Day on June 23-26 in 2026, earlier than usual
Amazon.com Inc. plans to conduct its Prime Day sale from June 23-26 in 2026, moving it from July as in prior years, according to Reuters. In these days, Prime members will enjoy discounts of up to 50% on items from top brands such as Sol de Janeiro, LG, Stanley, Ninja, Our Place, Levi's, and Little...
Alphabet to raise $80 billion in shares
American Alphabet Inc., which encompasses Google, intends to generate $80 billion through a share offering to finance investments in artificial intelligence computing infrastructure to address unprecedented customer demand, the company disclosed. Berkshire Hathaway will be among investors,...
