Temu and Pinduoduo parent company PDD Holdings misses analysts' estimates as economic slowdown in China takes toll on domestic sales
TECHNOLOGY POWERING BUSINESS
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Apple, Google Mobile Ecosystems Should Be Investigated, CMA Told
CMA receives 'provisional recommendation' from independent inquiry that Apple,Google mobile ecosystem needs investigation
Australia Rejects Elon Musk Claim About Social Media Ban For Under-16s
Government minister flatly rejects Elon Musk's “unsurprising” allegation that Australian government seeks control of Internet access
Northvolt Files For Bankruptcy Protection In US
Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down
UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report
Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector
FTX Co-Founder Gary Wang Spared Prison
Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during sentencing hearing
Google Labels DoJ’s Structural Remedies As ‘Extreme’
Executive hits out at the DoJ's “staggering proposal” to force Google to sell off its Chrome web browser, plus other measures
US DoJ Demands Google Sell Off Chrome, End Default Search Payments
US prosecutors confirm earlier reports, demand Google sells off Chrome web browser and end default search payments to Apple etc
Tech Minister Admits UK Social Media Ban For Under-16s “On The Table”
Following Australia? Technology secretary Peter Kyle says possible ban on social media for under-16s in the UK is “on the table”
CMA Halts Google Anthropic Investigation
British competition watchdog decides Alphabet's partnership with AI startup Anthropic does not qualify for investigation
Germany “Deeply Concerned” After Damage To Two Undersea Cables
Possible sabotage? Two undersea cables in the Baltic sea have been severely damaged, triggering security concerns
US DoJ To Push Google To Sell Off Chrome Browser – Report
US Justice Department to ask Judge to force Google to sell off its Chrome browser, and also seeks rulings on AI and Android
Elon Musk To Be Summoned By MPs To Testify Over X’s Role In Riots
UK MPs will reportedly summon Elon Musk over X's role in summer riots, as well as executives from TikTok and Meta
India Fines Meta $25m Over WhatsApp Data Sharing
India competition regulator fines Facebook parent Meta $25m over 2021 WhatsApp privacy policy that forced users to allow data sharing
German Facebook Users Eligible For Compensation Over Data Breach
Millions of German Facebook users eligible for financial compensation over data leak in 2018-2019, finds country's highest civil court
Trump Plans Push For Federal Self-Driving Rules
Tesla shares jump after report says president-elect Donald Trump planning to make federal self-driving rules a government priority
US Finalises $6.6bn Award For TSMC Arizona Plants
US Commerce Department finalises $6.6bn subsidy to TSMC for leading-edge chip plants in Arizona, as Biden term nears end
China Chip Production Slows Ahead Of New US Sanctions
Chip production slows in China in October ahead of expected export controls, while annual EV production capacity surges past 10 million units
Which? Seeks £3bn In Apple iCloud Competition Claim
Apple effectively locked 40 million UK users into iCloud and overcharged them, claims £3bn legal action from consumer group Which?
Northvolt Mulls US Bankruptcy Protection – Report
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option
FTC Plans Investigation Into Microsoft Cloud Business – Report
Microsoft's cloud business practices are reportedly facing a potential anti-competitive investigation by the FTC
Programmer Sentenced To Five Years In Prison For Bitcoin Laundering
Ilya Lichtenstein sentenced to five years in prison for hacking into a virtual currency exchange Bitfinex and stealing 119,000 Bitcoin
Meta Fined €798m Over Alleged Facebook Marketplace Violations
Antitrust penalty. European Commission fines Meta a hefty €798m ($843m) for tying Facebook Marketplace to its social network
Elon Musk Rebuked By Italian President Over Migration Tweets
Tesla Recalls 2,431 Cybertrucks Over Propulsion Issue
Recall number six in 2024 for Tesla Cybertruck, and this time the fault cannot be fixed with an over-the-air software update
Meta Must Face Antitrust Trial Over Instagram, WhatsApp Purchases
Legal issues continue for Meta, after US judge rules it must face trial over FTC's antitrust concerns about Instagram, WhatsApp
Bitcoin Surges To Above $93,000 For First Time
Bitcoin price reaches new record, amid hope that incoming Trump administration will implement crypto-friendly policies
Users Flock To Bluesky Post Election, As Guardian Leaves X
Bluesky briefly tops download charts in UK and US, as Guardian newspaper says it is no longer posting on Elon Musk's X
Trump Appoints Elon Musk To Lead Government Efficiency Department
Slash-and-burn cuts for federal staff? Elon Musk and former presidential candidate Vivek Ramaswamy appointed to lead Doge
Huawei Asks Judge To Dismiss Charges In US Federal Case
Huawei asks judge to dismiss many charges in US controversial federal case that dates back to 2018 under first Trump administration