After proposals submitted by the tech giants were considered insufficient, in order to amend their user terms to bring them in line with EU law, European Union authorities have increased pressure on Facebook, Twitter and Google. According to letters sent to the companies and reportedly seen by the media, asking the IT companies to improve…
It is unlikely that a major global legal threat could emerge out of the Allegations of industry collusion between Germany’s car manufacturing industry, Arndt Ellinghorst, head of global automotive research at Evercore ISI, said on Tuesday during a television interview. The possibility of being engaged in an illegal cooperation by German car companies, including Volkswagen,…
Israel is planning a potential increase in spending is bound to offer the private sector a raft of new opportunities as the country wakes up to its dramatic shortfall in infrastructure compared to most developed economies. The formation of a committee that will issue recommendations on infrastructure spending by December was announced last week by…
As Samsung Electronics targets new growth drivers for the chips business, aggressively adding clients is the strategy that the IT giant plans to triple the market share of its contract chip manufacturing business within the next five years, according a senior company executive. In a clear statement that the technology giant was preparing to focus…
Having started out with a bang and as a pioneer in the technology and internet applications world, Yahoo finally had to wind up and ends its run as a mere holding company. And some analysts and market experts predict that the trendsetting ride hailing company Uber Technologies could also be embarking on the same path…
Amazon is telling tens of thousands of marketplace sellers in the U.S. that it will buy their inventory at full retail price with the aim of trying to boost its catalog. A new program is being rolled out where Amazon will buy products at full price from third-party merchants, then sell them to consumers across…
In order to give enough time for officials to negotiate a trade deal, Brexit talks need to move fast even though it is a “very difficult process”, a top-ranking member of the European Commission reportedly told a section of the media. The U.K. would just make another name on that list and the EU is…
In Western Australia’s Pilbara region, the rights and claims over land used by Fortescue Metals Group to mine millions of tonnes of iron ore, of an indigenous Aboriginal group were withheld as the Australia’s Federal Court ruled in favor of the indigenous Aboriginal group. Iron ore giant’s Solomon mining hub, a vast mineral-rich project capable…
Last week’s talks between Trans-Pacific Partnership states demonstrated members’ commitment to inking the wide-spanning free trade agreement even though the meeting failed to produce any major breakthroughs. TPP signatories face a daunting task in finalizing a new framework by November – the agreed upon deadline, after President Donald Trump’s administration withdrew the U.S. from the deal. But experts said…
A group of four companies that assemble the iPhone and other products on behalf of Apple Inc have filed a fresh set of antitrust allegations against the iPhone chip supplier Qualcomm Inc. Qualcomm violated two sections of the Sherman Act, a U.S. antitrust law, alleged Foxconn parent Hon Hai Precision Industry Co, Wistron Corp, Compal…
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