The recent antitrust trial in Google has shed light on the tech giant’s alleged efforts to control all sides of online advertising technology. According to prosecutors, Google has established its dominance by stifling competition through acquisitions, locking customers into its products, and controlling transactions in the online ad market. The Justice Department’s attorney, Julia Tarver
Wall Street
Canadian retailer Alimentation Couche-Tard has expressed its interest in engaging in confidential discussions with Japanese retail giant Seven & i Holdings regarding its $38.5 billion takeover offer. The offer, valued at $14.86 per share in cash, has been met with resistance from Seven & i, citing concerns about antitrust challenges in the U.S. Despite this,
The U.S. presidential election holds significant importance not only for the country itself but also for global financial markets. Emerging markets (EMs) are particularly affected by the outcome of the election due to the U.S.’s position as the largest economy in the world. This influence extends beyond borders, shaping global financial conditions through policies on
In the realm of space exploration, the use of helium has proven to be both a blessing and a curse. From faulty propulsion systems to ground equipment delays, the challenges posed by helium leaks have caused setbacks in various space missions. But why is helium such a crucial component in spacecraft and rocket technology, and
The global market trends have been characterized by volatile movements recently, with investors showing signs of anxiety about the uncertainty surrounding the U.S. jobs data. The Asian shares have been trading within tight ranges, reflecting the cautious sentiment prevailing in the market. The dollar has been struggling against losses, indicating a lack of confidence among
The proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel has raised concerns regarding national security risks, according to a 17-page letter from the Committee on Foreign Investment in the U.S. (CFIUS). The letter pointed out the potential negative impact on critical sectors such as transportation, infrastructure, construction, and agriculture if the takeover were
Russia’s trade with India has seen a significant increase, nearly doubling to $65 billion in 2023. This boost in trade can be attributed to India emerging as a major importer of Russian oil, especially after Western sanctions were imposed in 2022 due to a conflict in Ukraine. Anatoly Popov, the deputy CEO of Russia’s largest
REA Group, a property listings company majority-owned by News Corp, recently expressed interest in acquiring Rightmove, a leading British housing portal. This announcement has caused a surge in Rightmove’s shares and generated significant market interest. Rightmove, with a market value of 4.36 billion pounds, operates as the largest property portal in Britain, generating revenue from
As reported by Doyinsola Oladipo and Mrinmay Dey, around 10,000 U.S. hotel workers have initiated a strike across several cities due to failed contract negotiations with major hotel operators such as Marriott International, Hilton Worldwide, and Hyatt Hotels. This strike is taking place in 24 hotels in various travel destinations across the United States, including
Brazil’s telecommunications regulator made a bold move by suspending access to Elon Musk’s X social network in the country. This decision came as a way to comply with an order from a judge who has been entangled in a feud with the renowned billionaire. The popular social media platform failed to meet a court-mandated deadline