Google will fund a $90-million settlement to small app developers who had alleged the technology giant abused its market position, according to statements seen by AFP Friday.. The case centered on charges that Google violated antitrust laws with its Google Play app store, alleging the technology giant maintained a monopoly in the US market on its Android smartphone system that penalized developers.
Nine flights to and from Spain were cancelled on Friday and dozens of others delayed due to the latest strike by cabin crew at low-cost airlines Ryanair and EasyJet.. The strike by Ryanair cabin crew in Spain, where there are some 1,900 employees, began on June 24 and is due to run until Saturday.
Eurozone inflation accelerated to another record high in June, official data showed on Friday, as Russia's war in Ukraine drives up energy prices and hammers the European economy.. Consumer prices in the eurozone have hit records since November, buffeted by sky-high energy prices, which jumped by 41.9 percent over one year, caused by the fallout of Russia's invasion of its neighbour Ukraine.
Amazon has secured live rights to the Champions League in the UK for the first time from 2024.. Amazon already holds the UK rights to 20 Premier League matches per season.
Japan's energy "interests must not be undermined", Tokyo said Friday, after Moscow issued a decree transferring operations of a key oil and gas project to a new Russian company.. The decree calls for the establishment of a new Russian operator and requires existing foreign shareholders to apply for the right to participate in the new firm, with Moscow deciding on their inclusion.
Big brands are rushing to the metaverse but the path to profit is still unclear and mass adoption may be years away, one of the sector's biggest players, Sebastien Borget, told AFP in an interview.. The firm's sales of virtual land topped $500 million last year and Borget claimed his metaverse had 64 percent market share.
Sri Lanka's inflation hit a ninth consecutive record in June, official data showed Friday, rising to 54.6 percent a day after the IMF asked the bankrupt nation to rein in galloping prices and corruption.. Private economists say consumer prices are rising even faster than shown in official statistics.
The World Bank's board on Thursday approved creation of a fund meant to finance investments in strengthening the fight against pandemics.. "The World Bank is the largest provider of financing for PPR with active operations in over 100 developing countries to strengthen their health systems," World Bank President David Malpass said in the statement.
Asian markets struggled again Friday following another selloff on Wall Street fuelled by recession fears, with warnings of a bleak outlook for the global economy as central banks slam on the brakes to battle soaring inflation.. Losses across world markets this week come after a rally last week fuelled by hopes that an economic slowdown or signs of recession would lead central banks to ease off their monetary tightening drive.
It is hard to come by but ever-present on the mind of average Argentines: the US dollar, whose value relative to the feeble peso is a barometer for an economy in crisis.. "The Argentine saves in dollars and when a crisis hits, he sells.
