In their latest attempt to block the transaction, U.S. antitrust enforcement officials contended on Wednesday that a federal judge erred in her decision to find that Microsoft’s $69 billion acquisition of Activision Blizzard, the company that makes “Call of Duty,” was lawful under competition law. On October 13, Microsoft completed the acquisition following clearance from…
The most sophisticated artificial intelligence model that Alphabet has released can process text, audio, and video data, among other types of information. The much awaited AI model from Google’s owner, named Gemini, can comprehend information more deeply and with higher sophistication than Google’s previous technologies, the company stated. “This new era of models represents one…
Drug companies are vying for a piece of the lucrative obesity treatment industry, and Roche, a Swiss business, is among the newest entrants after agreeing to pay $2.7 billion to acquire Carmot Therapeutics. By the end of the decade, the market for obesity treatments is expected to be valued at $100 billion, with companies like…
The second major company to condemn the U.S. tech giant’s operations, Amazon, has informed Britain’s antitrust watchdog that its rival, Microsoft, adopts business practises that limit customer choice in the cloud computing industry. In October, the UK’s Competition and Markets Authority (CMA) opened an inquiry into the nation’s cloud computing sector after media watchdog Ofcom…
China Evergrande Group, the most indebted real estate developer in the world, is attempting to stave off a possibly impending liquidation with a last-minute debt restructuring proposal, according to a report from Reuters quoting information from persons with firsthand knowledge of the situation. A judge stated last month that the failed company, whose earlier plan…
As part of its efforts to reduce costs and diversify its supply chain, Walmart is importing more goods into the United States from India and decreasing its reliance on China, according to data obtained by Reuters. Between January and August of this year, the largest retailer in the world transported 25% of its imports into…
Investors are placing bets that banks in India and Indonesia have the best lending and profitability profiles to generate returns in 2019, as the region’s banking sector navigates a peak in global interest rates and challenges of slower growth. Asian central banks have followed the U.S. Federal Reserve’s tightening monetary policy in the last eighteen…
On Wednesday, a global watchdog suggested that banks release comprehensive data about the effects of climate change on their operations beginning in January 2026. This would enable investors and regulators to assess the risk management practises of the banks. In order to ensure that banks have adequate capital to stay stable and to facilitate investor…
China-based fashion brand Shein has quietly filed to go public in the US, as reported on Monday, according to two people familiar with the situation. Here are some important details: Who Is Shein? Since its founding in 2012 by Chinese businessman Chris Xu, Shein has expanded to become a worldwide fashion marketplace that, according to…
The conflict between hybrids and electric cars appears to have taken a new turn as Elon Musk of Tesla Inc. has apparently decided to put more emphasis on hybrids. According to a Wall Street Journal story, Musk confronts a struggle as U.S. EV sales growth slows and hybrids acquire new popularity. Musk wants to overtake…
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