Google has been fined more than $160 million by India's anti-trust watchdog after a probe found the tech behemoth was abusing its commanding position in the local smartphone market. . Its smartphone market grew 27 percent year-on-year in 2021, according to Counterpoint, with annual sales exceeding 169 million units.
The dollar extended gains Friday on expectations the Federal Reserve will press ahead with its programme of bumper interest rate hikes for the rest of the year.. Equity markets fell back again, extending Thursday's losses and tracking another sell-off on Wall Street as expectations for more rate hikes by central banks around the world continue to grow owing to stubbornly high inflation.
US airlines say they are reaping the benefits of a growing trend of hybrid work that allows employees to travel more frequently as Covid-19 restrictions ebb.. On the other hand, when people do travel for work, they are more frequently deciding to extend their stays due to the greater acceptability of remote work.
Massive layoffs appear to be on the horizon at Twitter, especially if billionaire Elon Musk completes his $44 billion purchase of the company, the Washington Post reported on Thursday.. While pitching his deal to buy Twitter to investors, Musk said he planned to get rid of nearly three-quarters of the firm's workers, lopping its ranks to just over 2,000 employees, the Post reported.
Shares in Snapchat's parent company plunged more than 26 percent on Thursday on a quarterly earnings report that showed revenue was slowing as online advertisers tighten budgets.. Snap shares were down some 26 percent to $7.97 in after-market trades.
Facebook on Thursday added a method for people running groups to automatically sift out claims that have been debunked since being posted.. The tool allows those running groups to automatically relegate into quarantine new posts tagged as containing false information, as well as previously posted claims that were subsequently proven untrue, according to Facebook.
Truss' attempt to boost growth in a recession-threatened economy was fuelled by eye-watering levels of debt, damaging her government's credibility on financial marketsLiz Truss, the shortest serving prime minister in UK history, leaves lasting scars on the economy after her botched budget rocked markets, spiked borrowing costs and tanked the pound.. However, the costly measures were fuelled by eye-watering levels of debt that damaged the government's credibility on public finances and sent bond yields and mortgage rates soaring.
Thailand's telecom regulator on Thursday approved the merger of Telenor's Thai arm and a local rival that would create the kingdom's biggest mobile services provider, despite concerns about competition and consumer harm.. That would create Thailand's biggest mobile company with more than 51 percent of the market share -- and critics say that would effectively result in a duopoly with AIS, which has 47 percent of the market.
South Africa's financial watchdog on Thursday declared cryptocurrency a financial product, paving way for the regulation of the assets in the continent's most advanced economy.. The announcement comes in the wake of financial institutions and watchdogs around the world grappling on how to regulate digital currencies.
The European Space Agency announced Thursday it will use SpaceX's Falcon 9 rockets to launch two scientific missions because of delays to its own Ariane 6 rocket and the cancellation of flights on Russia's Soyuz launchers. . Ariane 6 is hoped to eventually take over the Soyuz missions, and once in operation is likely to compete with SpaceX's Falcon 9, particularly when it comes to sending small satellites into the sky.
