In a landmark decision, the European Union (EU) has fined Meta Platforms, the parent company of Facebook, a record $1.3 billion for violations of the General Data Protection Regulation (GDPR). The penalty marks the largest-ever imposed under GDPR, reflecting the EU’s increasing scrutiny over the privacy practices of global tech companies. Meta’s violations pertain to […]
Despite facing some of the most stringent economic sanctions in modern history, Russia’s economy has shown remarkable resilience in 2024. Western nations, led by the U.S. and European Union, imposed sanctions on Russia following its invasion of Ukraine, targeting key sectors such as banking, energy, and technology. These sanctions were intended to cripple Russia’s economic
The Walt Disney Company announced that its iconic CEO, Bob Iger, has extended his contract through 2026, underscoring the entertainment giant’s commitment to navigating a rapidly changing media landscape. The decision to extend Iger’s tenure reflects Disney’s confidence in his leadership as the company seeks to strengthen its core businesses while accelerating its digital transformation.
The National Transportation Safety Board (NTSB) is intensifying its investigation into a concerning issue involving the Boeing 737 Max 9 aircraft. According to a recent Reuters report published on April 10, 2024, the NTSB is conducting new interviews as part of its probe into a potentially hazardous situation related to door plugs on the Boeing
NTSB Intensifies Probe into Boeing 737 Max 9 Door Plug Issue Amid Safety Concerns Read More »
In a landmark verdict, a US jury has ruled that Amazon must pay $525 million in a cloud storage patent dispute. The ruling comes after a protracted legal battle between Amazon and Droplets Inc., a Texas-based technology firm. The jury found Amazon guilty of infringing on Droplets’ patents related to cloud storage technology. The dispute
Amazon Ordered to Pay $525 Million in Cloud Storage Patent Dispute Read More »
A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend.
The ‘supercore’ inflation measure shows Fed may have a real problem on its hands Read More »
UBS, one of Switzerland’s largest banks, is poised to face stricter regulations in the wake of the Swiss government’s response to the rescue of Credit Suisse. The move comes as authorities seek to bolster oversight of the country’s financial sector following the high-profile troubles experienced by Credit Suisse. In an article published by Reuters on
Regulations gripping UBS Read More »
Apple produced $14 billion worth of iPhones in India over the last fiscal year, a sign of the company’s continued effort to manufacture more devices outside of China, a report from Bloomberg said Wednesday. As relations between the U.S. and China have soured, Apple has worked to diversify its supply chain by expanding production in countries like Vietnam and India. It’s
Apple doubles India iPhone production to $14 billion as it shifts from China: Report Read More »
Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the country\’s inflation problem widening compared with most of its peers. Britain\’s headline inflation rate was set to average 7.2% over 2023, up from a previous forecast of 6.9%
Whats so concerning from the UK Inflation Data numbers Read More »
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Khiron Life Sciences Corp (TSX-V: KHRN;OTCQX: KHRNF), a vertically integrated cannabis leader with core operations in Latin America, has qualified to trade on the OTCQX® Best Market. Khiron Life Sciences Corp. upgraded to OTCQX from the OTCQB®
OTC Markets Group Welcomes Khiron Life Sciences Corp. to OTCQX Read More »
